Supramaxes are set to feel the brunt of Indonesia’s recent decision to ban the export of nickel ore from 1 January 2020, warns a top shipping analyst.

In late August, Indonesia’s Ministry of Energy and Minerals Resources (ESDM) officially announced that the ban would come into place two years ahead of the planned date of January 2022.

“If Indonesia really does stop nickel ore exports in 2020 then this is bad news for shipping as there are very few ready alternatives,” Ralph Leszczynski, Banchero Costa’s head of research in Singapore tells TradeWinds.