## Company Profile PT NIPPON EXPRESS (Indonesia) — Indonesian arm of the global Nippon Express freight forwarding & logistics network. Core services likely include international freight forwarding (ocean/air), customs clearance, warehousing, domestic trucking, project and bulk cargo handling, and logistics solutions for agri-commodity exporters and industrial exporters. As part of Nippon Express, it serves multinational and local exporters/importers across Indonesia’s major ports and export commodities (palm oil, nickel-related products, coffee, rubber, cocoa, manufactured goods). Scale: large, networked operator with global carrier relationships and customs/port experience in Indonesia. ## Pain Points 1) Regulatory & documentation complexity for exporters: March–May 2026 changes (higher CPO export levy, B40/B50 funding needs, and the May 20 PP creating an SOE‑mediated export route) are creating uncertainty about export documentation, levy accounting and compliance; exporters are likely calling their forwarders for guidance, increasing NIPPON EXPRESS’ advisory/time costs and operational friction. 2) Cargo availability & contract risk for agri exporters: stronger domestic biodiesel demand + higher export levies are pulling more CPO into the domestic market and constraining export volumes / netbacks — exporters face canceled or renegotiated contracts, and forwarders see more short‑notice booking changes and disputes. 3) Capacity & schedule reliability pressures: 2026 blank sailings and tactical service reshuffles (Asia–Europe / Asia–North America) are causing route omissions and space volatility for Southeast Asia shippers; customers need consolidated, predictable delivery channels and faster buyer/supplier match to protect shipments from blank sailings and rate swings. ## Intel Summary === MULTI-DIMENSION RESEARCH === === 1. COMMODITY TRENDS – INDONESIA PALM OIL EXPORTS, BIODIESEL & EXPORT LEVY (2026) === **Policy setting and biodiesel mandate in 2026** - Indonesia is running a **B40 biodiesel mandate throughout 2026**, with plans to **transition to B50 in the second half of 2026**, although implementation has effectively been pushed back/“phased” rather than immediate.([petromindo.com](https://www.petromindo.com/news/article/indonesia-delays-b50-biodiesel-mandate-maintains-b40-and-raises-palm-oil-export-levy?utm_source=openai)) - A January 2026 energy ministry regulation set reference prices for biodiesel under **Presidential Regulation No. 132/2024 on Palm Oil Fund Management**, which governs the mandatory biodiesel program and financing through the Palm Oil Fund.([petromindo.com](https://www.petromindo.com/news/article/energy-ministry-sets-january-2026-biodiesel-bioethanol-reference-prices?utm_source=openai)) **Domestic biodiesel consumption & funding** - Industry and government commentary in early 2026 expects **continued strong biodiesel offtake** under B40, with total incentive funding needs for the **planned B50 phase-in in 2H 2026** estimated at up to **IDR 65 trillion** (roughly USD 4–4.5 billion depending on FX).([palmoilmagazine.com](https://www.palmoilmagazine.com/biodiesel/2026/02/05/b50-incentive-fund-seen-reaching-idr-65-trillion-prompting-call-to-raise-cpo-export-levy/amp/?utm_source=openai)) - Sustained domestic biodiesel demand is explicitly cited by the government as a tool to **stabilize CPO prices and Fresh Fruit Bunch (FFB) prices** for smallholders.([palmoilmagazine.com](https://www.palmoilmagazine.com/cpo-export/2026/03/07/indonesia-adjusts-palm-oil-export-levy-to-strengthen-sustainable-plantations-and-energy-self-sufficiency/?utm_source=openai)) **Export levy structure and recent changes (2026)** - Building on the 2024 overhaul of palm oil export levies (MOF Regulation 62/2024) that moved from fixed USD/ton rates to ad‑valorem percentages (e.g., **7.5% on CPO**, 4.5% on RBD olein, 3% on biodiesel at 2024 reference prices), Indonesia has further **raised CPO export levies in 2026**.([apps.fas.usda.gov](https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Indonesia+Simplifies+Palm+Oil+Export+Levies+in+Response+to+Decreasing+CPO+Exports+_Jakarta_Indonesia_ID2024-0025.pdf&utm_source=openai)) - From **March 2026**, the government increased the **CPO export levy from 10% to 12.5%** to secure sufficient funding for: - Maintaining the **B40 mandate in 2026**, and - Preparing technical and fiscal groundwork for the **B50 transition**.([mistar.id](https://mistar.id/news/ekonomi/mulai-maret-2026-pungutan-ekspor-cpo-naik-125-untuk-dukung-program-b40?utm_source=openai)) - A March 2026 policy explainer notes that the revised levy schedule aims to: - Support **sustainable plantation development**, - Expand **biodiesel use**, and - Strengthen **energy self‑sufficiency**.([palmoilmagazine.com](https://www.palmoilmagazine.com/cpo-export/2026/03/07/indonesia-adjusts-palm-oil-export-levy-to-strengthen-sustainable-plantations-and-energy-self-sufficiency/?utm_source=openai)) **Current export levy + duty burden and price levels** - For **May 1–31, 2026**, the Ministry of Trade set the **CPO reference price at USD 1,049.58/MT**. Based on this, the **combined export levy + export duty on CPO reaches about USD 309.20/MT** in May 2026 (roughly **29–30% of the reference price**).([en.infosawit.com](https://en.infosawit.com/news/17668/indonesia-sets-may-2026-cpo-reference-price-at-us-1-049-58-mt--total-export-levy-and-duty-reach-us-309-20?utm_source=openai)) - Analysts highlight that the move from a 10% to 12.5% CPO levy at current CPO and gasoil spreads increases the **effective fiscal take per ton** and is explicitly tied to **biodiesel incentive funding needs** in 2026.([cdn1.i3investor.com](https://cdn1.i3investor.com/my/files/st88k/5285_SDG/pt/RHB-OSK/5285_SDG_RHB-OSK_2026-01-15_BUY_6.95_PlantationCPOExportLevyRateRisesTo125FromMarch_993928716.pdf?utm_source=openai)) **Domestic vs export balance – implications for 2026 exports** - The combination of: - Higher **domestic biodiesel blending (B40, moving toward B50)**, and - A **higher export levy burden** suggests that a **greater share of CPO output is being pulled into domestic energy use**, with some **downward pressure on export availability** relative to a no‑B40 scenario. - While recent articles do not yet publish finalized 2026 export volumes, they emphasize that the levy increase responds to “**decreasing CPO exports**” post‑2024 and is meant to keep the biodiesel program fully funded without cutting back blending rates.([apps.fas.usda.gov](https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Indonesia+Simplifies+Palm+Oil+Export+Levies+in+Response+to+Decreasing+CPO+Exports+_Jakarta_Indonesia_ID2024-0025.pdf&utm_source=openai)) **New commodity export governance overlay (palm oil)** - On **20 May 2026**, President Prabowo announced a new **Government Regulation (PP)** on governance of natural‑resource exports. For palm oil, coal and ferroalloys, **exports will be routed through a designated state‑owned enterprise (SOE) acting as “sole exporter”**.([palmoilmonitor.org](https://palmoilmonitor.org/2026/05/21/indonesias-commodity-export-plan-what-we-know-so-far/?utm_source=openai)) - A transition period from **1 June–31 August 2026** has been outlined: commercial transactions remain between private companies and buyers, but **export documentation must be channeled through the SOE (currently DSI)**. The regulation leaves open how this new regime will interact with: - The **existing palm oil export levy**, and - Any **domestic market obligation (DMO)** mechanisms for cooking oil and biodiesel feedstock.([palmoilmonitor.org](https://palmoilmonitor.org/2026/05/21/indonesias-commodity-export-plan-what-we-know-so-far/?utm_source=openai)) **Key takeaways for 2026 palm oil trade** - **Levy**: CPO export levy lifted to **12.5% from March 2026**; May 2026 total fiscal burden ~**USD 309/MT** at USD 1,049.58/MT CPO HR.([mistar.id](https://mistar.id/news/ekonomi/mulai-maret-2026-pungutan-ekspor-cpo-naik-125-untuk-dukung-program-b40?utm_source=openai)) - **Domestic demand**: Strong structural **pull from B40** (and prospective B50) keeps domestic biodiesel consumption high and relatively **insulates farmers from export volatility**.([palmoilmagazine.com](https://www.palmoilmagazine.com/cpo-export/2026/03/07/indonesia-adjusts-palm-oil-export-levy-to-strengthen-sustainable-plantations-and-energy-self-sufficiency/?utm_source=openai)) - **Exports**: Regulatory risk for 2H 2026 increases with the new **SOE‑mediated export regime**, likely affecting **export flows, contract structures, and possibly effective netbacks** once implementation details are clear.([palmoilmonitor.org](https://palmoilmonitor.org/2026/05/21/indonesias-commodity-export-plan-what-we-know-so-far/?utm_source=openai)) **Sources – Commodity Trends**: ([petromindo.com](https://www.petromindo.com/news/article/indonesia-delays-b50-biodiesel-mandate-maintains-b40-and-raises-palm-oil-export-levy?utm_source=openai)) === 2. MARKET EVENTS – SOUTHEAST ASIA OCEAN FREIGHT RATES & CAPACITY (2026) === **Rate levels and recent trend (Q1 2026)** - A March 2, 2026 global freight update notes that the **Drewry World Container Index fell for seven consecutive weeks through late February 2026**, reaching **USD 1,899/FEU on 26 February**, down **1% week‑on‑week** and unwinding much of a sharp **22% rate spike seen in January**.([shippingintelligencehub.com](https://shippingintelligencehub.com/article/container-freight-rates-seven-week-decline-2026-03-02?utm_source=openai)) - Asia–U.S. spot rates (including key Southeast Asia loadings that trans‑ship via major hubs) have been **softening into February**, according to a February 2026 supply‑chain market update drawing on Drewry, Freightos and Xeneta datasets.([alixpartners.com](https://www.alixpartners.com/media/jlcbtzcq/supply-chain-market-update-feb-2026-public-facing-_v04-002.pdf?utm_source=openai)) **Blank sailings and capacity management** - A February 2026 analysis referencing **Drewry’s Container Capacity Insight** reports that across Transpacific, Asia–Europe/Mediterranean and Transatlantic: - **136 scheduled sailings were cancelled in February 2026**, a **122% increase vs January**. - Over a 5‑week window from early February to mid‑March, about **18% of all planned departures (≈125 of 710 sailings) were blanked**.([cxtms.com](https://cxtms.com/blog/blank-sailings-transpacific-capacity-squeeze-february-2026?utm_source=openai)) - A shipping barometer for February 2026 reports Drewry’s expectation that from **week 10 (starting 2 March)** blank sailings will remove around **13% of Asia–Europe capacity** and **20% of Asia–North America capacity** over a specified period, as carriers respond to softer demand and the post‑Lunar‑New‑Year lull.([market-insights.upply.com](https://market-insights.upply.com/hubfs/barometres-upply/2026/0226_Barom%C3%A8tre%20shipping/shipping-barometer-february-2026.pdf?utm_source=openai)) - Industry commentary stresses that with **container fleet growth outpacing trade volume growth**, carriers are expected to **keep using blank sailings aggressively throughout 2026** as the main tool to defend rates.([cxtms.com](https://cxtms.com/blog/blank-sailings-transpacific-capacity-squeeze-february-2026?utm_source=openai)) **Southeast Asia routing specifics** - Though many indices are reported out of **Shanghai or broader “Asia” origins**, capacity and rate patterns are broadly applicable to **Southeast Asian exports**, which typically: - Feed into **Asia–North America** and **Asia–Europe** loops via hubs (Singapore, Port Klang, Tanjung Pelepas, Laem Chabang, etc.), - Are directly affected when alliances **pull entire strings or skip Southeast Asia port calls** under their blank‑sailing programs (noted in Drewry and Xeneta commentary cited by logistics consultancies).([market-insights.upply.com](https://market-insights.upply.com/hubfs/barometres-upply/2026/0226_Barom%C3%A8tre%20shipping/shipping-barometer-february-2026.pdf?utm_source=openai)) **Indicative rate movements on Asia‑linked lanes (early 2026)** - The same March 2, 2026 analysis notes: - **Asia–North Europe**: an example of MSC’s March FAK (Freight All Kinds) rate dropping about **25% year‑on‑year to USD 3,000/FEU**, despite carriers increasing GRIs in January.([shippingintelligencehub.com](https://shippingintelligencehub.com/article/container-freight-rates-seven-week-decline-2026-03-02?utm_source=openai)) - **Transpacific**: multiple sources (Drewry, Xeneta) referenced in February 2026 show **Asia–US West Coast spot rates easing from January highs**; exact Southeast Asia origin quotes vary by carrier and service, but directional trend is **downward through February**.([shippingintelligencehub.com](https://shippingintelligencehub.com/article/container-freight-rates-seven-week-decline-2026-03-02?utm_source=openai)) **Overall 2026 outlook from recent commentary** - Logistics and consulting reports in Q1 2026 take a **cautiously bearish view on freight rates** for much of 2026, driven by: - **New vessel deliveries and larger effective fleet size**, - Moderating volume growth, and - Continued **tactical blank sailings and service reshuffles** (including ad hoc omissions of Southeast Asia ports) to prevent a collapse back to pre‑pandemic rate levels.([cxtms.com](https://cxtms.com/blog/blank-sailings-transpacific-capacity-squeeze-february-2026?utm_source=openai)) **Key quantitative signals** - **Drewry WCI**: USD **1,899/FEU** (26 Feb 2026), 7 straight weekly declines.([shippingintelligencehub.com](https://shippingintelligencehub.com/article/container-freight-rates-seven-week-decline-2026-03-02?utm_source=openai)) - **Blank sailings**: - **136 cancellations in February 2026**, **+122% m/m**. - **≈18% of scheduled sailings blanked** over a 5‑week period (Feb–mid‑Mar).([cxtms.com](https://cxtms.com/blog/blank-sailings-transpacific-capacity-squeeze-february-2026?utm_source=openai)) - **Capacity withdrawals** projected: **13% Asia–Europe**, **20% Asia–North America** from week 10 onward as per Drewry’s analysis.([market-insights.upply.com](https://market-insights.upply.com/hubfs/barometres-upply/2026/0226_Barom%C3%A8tre%20shipping/shipping-barometer-february-2026.pdf?utm_source=openai)) **Sources – Market Events**: ([cxtms.com](https://cxtms.com/blog/blank-sailings-transpacific-capacity-squeeze-february-2026?utm_source=openai)) === 3. DEMAND SIGNALS – INDONESIA EXPORTS 2026 (NICKEL, COFFEE, COCOA, RUBBER & EXPORT RESTRICTIONS) === **Nickel – continued downstream push and export bans** - Indonesia maintains a **ban on exports of unprocessed/raw nickel ore**, rooted in Law No. 3/2020 on mineral and coal mining; 2026 policy analysis describes this as a core industrial strategy to force domestic processing and value‑addition.([cetex.org](https://cetex.org/wp-content/uploads/2026/03/Indonesia-Ban-on-Exports-of-Raw-Nickel.pdf?utm_source=openai)) - The ban has driven rapid expansion of **smelting and hydrometallurgical capacity**, notably at **Indonesia Morowali Industrial Park (IMIP)** in Central Sulawesi, now characterized as the **world’s largest integrated nickel processing complex**.([arxiv.org](https://arxiv.org/abs/2603.07331?utm_source=openai)) - Nickel (in processed forms such as ferronickel, NPI, matte and nickel chemicals) remains one of Indonesia’s **top export commodities** in 2026, alongside palm oil and coal, and is explicitly targeted in the new commodities export governance regulation launched in May 2026.([bloomberg.com](https://www.bloomberg.com/news/articles/2026-05-20/prabowo-to-tighten-controls-of-indonesia-s-commodity-exports?srnd=homepage-americas&utm_source=openai)) **Broader commodity export governance shift (nickel, coal, palm oil)** - On **20 May 2026**, President Prabowo announced a **“radical” change in export governance**: - A Government Regulation (PP) mandates that **exports of palm oil, thermal coal and nickel products (and ferroalloys)** be channeled via a **designated state‑owned enterprise** acting as **sole exporter** or at least mandatory intermediary.([bloomberg.com](https://www.bloomberg.com/news/articles/2026-05-20/prabowo-to-tighten-controls-of-indonesia-s-commodity-exports?srnd=homepage-americas&utm_source=openai)) - The policy is framed as part of a plan to **tighten state control over strategic resources**, improve **foreign‑exchange earnings**, and support **downstream industrialization**.([washingtonpost.com](https://www.washingtonpost.com/business/2026/05/20/indonesia-prabowo-resources-coal-nickel/003d21ae-5433-11f1-9c40-7a0a12d9e745_story.html?utm_source=openai)) - A transition phase (**1 June–31 August 2026**) allows private contracts to continue while **export documentation shifts under the SOE’s umbrella (DSI mentioned as current vehicle)**. Key operational details – including how this will interact with existing **export duties, levies, and domestic processing requirements** – are still being clarified.([palmoilmonitor.org](https://palmoilmonitor.org/2026/05/21/indonesias-commodity-export-plan-what-we-know-so-far/?utm_source=openai)) **Agricultural commodities: coffee, cocoa, rubber – processing and trade policy** - The **2026 National Trade Estimate (NTE) report** highlights Indonesia’s longstanding strategy to promote **domestic processing of agricultural commodities such as cocoa, rubber, palm oil, and coffee**, using measures including: - Differential export taxes / levies favoring processed products, - Tariff and non‑tariff incentives for domestic processors, - Periodic **export restrictions or licensing requirements** to secure domestic supply.([ustr.gov](https://ustr.gov/sites/default/files/files/Press/Releases/2026/2026%20NTE%20Report%20_%20Final.pdf?utm_source=openai)) - For rubber and cocoa, Indonesia has recurrently used **export taxes and restrictions** with the stated aim of **supporting domestic value‑added industries** (e.g., rubber products, cocoa grinding/chocolate). The NTE flags that such policies can at times **distort trade and reduce raw commodity exports**.([ustr.gov](https://ustr.gov/sites/default/files/files/Press/Releases/2026/2026%20NTE%20Report%20_%20Final.pdf?utm_source=openai)) **Recent export‑restriction context (beyond nickel)** - Beyond nickel, Indonesia has: - Maintained **episodic export controls** on **palm oil** (notably the 2022–23 bans and DMO adjustments) and continues to **retain legal authority** to impose such measures; - Implemented export licensing and quota‑linked policies for certain ores and metals.([cetex.org](https://cetex.org/wp-content/uploads/2026/03/Indonesia-Ban-on-Exports-of-Raw-Nickel.pdf?utm_source=openai)) - The new 2026 PP on commodity export governance is interpreted by analysts as laying groundwork for **more centralized, flexible state control** over exports of **key resources**, which could in future be **expanded or tightened** depending on domestic price and supply conditions.([bloomberg.com](https://www.bloomberg.com/news/articles/2026-05-20/prabowo-to-tighten-controls-of-indonesia-s-commodity-exports?srnd=homepage-americas&utm_source=openai)) **Trade data / demand signals for 2026** - Detailed 2026 customs data by commodity (volumes and values) are not yet fully published, but policy commentary and early‑year assessments indicate: - **Nickel‑related exports** (processed forms) continue to grow in value on the back of new capacity and strong EV‑battery‑chain demand, even as the **ore export ban remains in force**.([arxiv.org](https://arxiv.org/abs/2603.07331?utm_source=openai)) - **Agricultural exports** (palm oil, coffee, cocoa, rubber) remain important, but are increasingly **conditioned by domestic processing goals** and, in the case of palm oil, by **biodiesel demand and new export‑governance rules** described in Section 1.([en.infosawit.com](https://en.infosawit.com/news/17668/indonesia-sets-may-2026-cpo-reference-price-at-us-1-049-58-mt--total-export-levy-and-duty-reach-us-309-20?utm_source=openai)) **Implications for buyers and traders in 2026** - **Higher regulatory risk**: exporters and buyers of Indonesian **nickel products, palm oil, coal, and potentially other commodities** face rising **policy risk** – export channels may become more **concentrated** (via SOEs) and **subject to ad hoc adjustments**.([bloomberg.com](https://www.bloomberg.com/news/articles/2026-05-20/prabowo-to-tighten-controls-of-indonesia-s-commodity-exports?srnd=homepage-americas&utm_source=openai)) - **Shift towards value‑added exports**: continued bans/restrictions on raw materials (e.g., nickel ore) and differential export taxes for agricultural commodities **reinforce a structural shift** from raw to **semi‑processed and processed exports**, shaping long‑term **demand for Indonesian downstream products** over raw inputs.([cetex.org](https://cetex.org/wp-content/uploads/2026/03/Indonesia-Ban-on-Exports-of-Raw-Nickel.pdf?utm_source=openai)) **Sources – Demand Signals**: ([bloomberg.com](https://www.bloomberg.com/news/articles/2026-05-20/prabowo-to-tighten-controls-of-indonesia-s-commodity-exports?srnd=homepage-americas&utm_source=openai)) **Sources:** • Indonesia delays B50 biodiesel mandate, maintains B40 and raises palm oil export levy - Indonesia delays B50 biodiesel mandate, maintains B40 and raises palm oil export levy https://www.petromindo.com/news/article/indonesia-delays-b50-biodiesel-mandate-maintains-b40-and-raises-palm-oil-export-levy?utm_source=openai • Energy ministry sets January 2026 biodiesel, bioethanol reference prices - Energy ministry sets January 2026 biodiesel, bioethanol reference prices https://www.petromindo.com/news/article/energy-ministry-sets-january-2026-biodiesel-bioethanol-reference-prices?utm_source=openai • Palm Oil Magazine - B50 Incentive Fund Seen Reaching IDR 65 Trillion, Prompting Call to Raise CPO Export Levy - Palm Oil Magazine https://www.palmoilmagazine.com/biodiesel/2026/02/05/b50-incentive-fund-seen-reaching-idr-65-trillion-prompting-call-to-raise-cpo-export-levy/amp/?utm_source=openai • Palm Oil Magazine - Indonesia Adjusts Palm Oil Export Levy to Strengthen Sustainable Plantations and Energy Self-Sufficiency - Palm Oil Magazine https://www.palmoilmagazine.com/cpo-export/2026/03/07/indonesia-adjusts-palm-oil-export-levy-to-strengthen-sustainable-plantations-and-energy-self-sufficiency/?utm_source=openai • Voluntary Report – Voluntary - Public Distribution https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Indonesia+Simplifies+Palm+Oil+Export+Levies+in+Response+to+Decreasing+CPO+Exports+_Jakarta_Indonesia_ID2024-0025.pdf&utm_source=openai • Mulai Maret 2026, Pungutan Ekspor CPO Naik 12,5% untuk Dukung Program B40 https://mistar.id/news/ekonomi/mulai-maret-2026-pungutan-ekspor-cpo-naik-125-untuk-dukung-program-b40?utm_source=openai • Palm Oil Magazine - Indonesia Adjusts Palm Oil Export Levy to Strengthen Sustainable Plantations and Energy Self-Sufficiency - Palm Oil Magazine https://www.palmoilmagazine.com/cpo-export/2026/03/07/indonesia-adjusts-palm-oil-export-levy-to-strengthen-sustainable-plantations-and-energy-self-sufficiency/?utm_source=openai • Indonesia's Commodity Export Plan: What We Know So Far - Palm Oil Monitor https://palmoilmonitor.org/2026/05/21/indonesias-commodity-export-plan-what-we-know-so-far/?utm_source=openai • Indonesia's Commodity Export Plan: What We Know So Far - Palm Oil Monitor https://palmoilmonitor.org/2026/05/21/indonesias-commodity-export-plan-what-we-know-so-far/?utm_source=openai • Mulai Maret 2026, Pungutan Ekspor CPO Naik 12,5% untuk Dukung Program B40 https://mistar.id/news/ekonomi/mulai-maret-2026-pungutan-ekspor-cpo-naik-125-untuk-dukung-program-b40?utm_source=openai • Palm Oil Magazine - Indonesia Adjusts Palm Oil Export Levy to Strengthen Sustainable Plantations and Energy Self-Sufficiency - Palm Oil Magazine https://www.palmoilmagazine.com/cpo-export/2026/03/07/indonesia-adjusts-palm-oil-export-levy-to-strengthen-sustainable-plantations-and-energy-self-sufficiency/?utm_source=openai • Indonesia's Commodity Export Plan: What We Know So Far - Palm Oil Monitor https://palmoilmonitor.org/2026/05/21/indonesias-commodity-export-plan-what-we-know-so-far/?utm_source=openai • Indonesia delays B50 biodiesel mandate, maintains B40 and raises palm oil export levy - Indonesia delays B50 biodiesel mandate, maintains B40 and raises palm oil export levy https://www.petromindo.com/news/article/indonesia-delays-b50-biodiesel-mandate-maintains-b40-and-raises-palm-oil-export-levy?utm_source=openai • Container Freight Rates Continue Seven-Week Decline as Post-LNY Lull Deepens | Shipping Intelligence Hub | Shipping Intelligence Hub https://shippingintelligencehub.com/article/container-freight-rates-seven-week-decline-2026-03-02?utm_source=openai]