Indonesia Protects Its Shipping Industr…

Starting in January, as a result of legislation pushed through the Indonesian House of Representatives, all vessels operating in Indonesian waters will be required to be registered domestically, which could kick off seagoing chaos. Some 80 percent of the vessels servicing Indonesia's US$1 billion offshore oil and gas industry are estimated to be carrying foreign flags, primarily Singaporean ones. Hatta Rajasa, the coordinating minister for the economy, earlier this month told reporters the government was seeking to revise the laws because of their potential to damage oil production.

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