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HomeMaritime NewsRegionsAsiaIndonesia to set up post-cabotage task force

Indonesia to set up post-cabotage task force

Indonesia to set up post-cabotage task force
Jakarta: The Indonesian National Shipowners Association (INSA), the State Owned Enterprises Ministry, and several state-owned companies (SOEs) are reported to be planning to set up a post-cabotage task force to cut the country’s freight costs of IDR240trn ($24.96bn) a year, most of which is attributed to foreign shipowners.

INSA is working with SOEs because they handle 20% to 30% of exports and imports. Trade volume reached 567m tonnes in  2011, the year the government introduced cabotage rules, but Indonesian-flagged ships only transported 9.1% of this total, leaving the bulk of the business to foreign ships.

TAGS: Indonesia
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