Indonesia announced the ban of the exports two years earlier than planned, sending prices surging across the globe.
According to Al Jazeera, the Mining Ministry's director general for coal and minerals, Bambang Gatot Ariyono, stated that the ban is about all the grades of nickel ore, while he also ordered exporters to halt shipments from the date set.
In the meantime, the country had firstly announced that it will not comply with IMO's sulphur cap regulations, concerning only its domestic fleet. However, this decision changed as in August the Indonesian Ministry of Transportation announced that the country will eventually comply with the sulphur cap.
Recently, the American Club provided a reminder regarding the hazards associated with the carriage of nickel ore, as the seasonal export of this dangerous cargo from the Philippines gets underway.