Indonesia Grants Departure Permission for 37 'Coal Ships'... 3 Headed to Korea

[Asia Economy Reporter Kim Min-young] The Indonesian government, which had completely banned coal exports in January, decided to gradually resume exports after 12 days and has authorized the departure of 37 vessels, among which 3 are bound for Korea.

According to related industries, the authorized vessels are headed not only to Korea but also to China, Japan, India, the Philippines, Singapore, Thailand, Vietnam, Hong Kong, and Bangladesh.

The total coal volume loaded on these vessels amounts to 5.72 million tons, of which the quantity bound for Korea is identified as 80,000 tons each supplied to Jungbu Power and Namdong Power, and 73,000 tons supplied to POSCO.

These 37 vessels are in the final stages of departure procedures, and the Indonesian Customs and Port Authority plan to allow vessels to depart once all verifications are completed.

Korea imports approximately 2 to 2.5 million tons of Indonesian coal per month.

The industry views that despite the Indonesian government's 'gradual export resumption' policy, uncertainties still remain.

Previously, the Indonesian government had completely banned coal exports in January after coal producers violated the Domestic Market Obligation (DMO) policy, which requires supplying 25% of production to the state electricity company (PLN), focusing instead on exports, which caused a power production crisis at 20 power plants.

This content was produced with the assistance of AI translation services.