Singapore: The strange state of Indonesia cabotage leads this week's issue of Seatrade Asia Week. Confusion is set to reign for the offshore vessels sector in Indonesia as the government delays the implementation of cabotage until May next year.
One of the final phases for Indonesia's cabotage law was slated for 1 January next year with its introduction for what it terms category B offshore vessels. However, implementation has now been pushed back to 11 May 2011 as the needs of the oil industry conflict with the lack of available Indonesian-flagged vessels.
"All you can expect in the coming six months is confusion, uncertainty, fear and doubt," George Horsington, general manager, Southeast Asia Swire Pacific Offshore, told the newspaper.
Inside the paper, there are reports on the latest figures on crewing, which show a heartening increase in the numbers of senior officers at sea around the world.
Changes in international accounting standards have created ire among shipowners and we get the viewpoint from the Singapore Shipping Association.
In Shanghai, senior COSCO executives provide insights into the changing business plans for China's largest containerline, which include aiming to get more small shippers as customers.
No other shipping title has invested in such a wide, expert network of Asian correspondents. Seatrade Asia Week comes out 50 times a year and is priced at just $300 a year. To subscribe or for a free trial contact [email protected]. [03/12/10]
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