The Indonesian government has finally scrapped a plan to restrict foreign shipowners' involvement in the coal trade.

The rules were scheduled to be implemented in February, but were postponed until 2020 after an outcry from domestic exporters.

They would have meant coal, rice and palm oil cargoes had to be carried on Indonesian-flagged ships in the first instance.

Now Indonesian trade minister Enggartiasto Lukita has confirmed the regulations have been revoked, according to Indonesia Investments.