The short-term impact of the sudden ban announced on Jan 1 by the world’s largest exporter of the polluting fuel was to send prices for cargoes from other major shippers soaring back toward last year’s record highs. (Pic shows a man riding an all-terrain vehicle as a coal barge is seen in the distance from Lhoknga beach, Aceh province on January 22, 2022. - AFP)
INDONESIA’S short-lived ban on exporting coal has sent ructions through the seaborne market for the fuel in Asia, with the fallout likely to last beyond the initial shortage of available cargoes.
The short-term impact of the sudden ban announced on Jan 1 by the world’s largest exporter of the polluting fuel was to send prices for cargoes from other major shippers soaring back toward last year’s record highs.
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