Jakarta (ANTARA) – Indonesia's Finance Minister Purbaya Yudhi Sadewa plans to draft regulations for floating storage units (FSU) and bunkering businesses to boost domestic competitiveness.The move follows business obstacles faced by PT Asinusa Putra Sekawan, which plans to develop FSU and bunkering operations on Nipa Island in the Malacca Strait but lacks a regulatory framework covering licensing, supervision, and operations.”If you want to expand into FSU, that's fine. We just need to adjust the regulations. It's still not entirely clear, but I think I know where it's headed,” Purbaya said at a complaint hearing on canal debottlenecking in Jakarta on Thursday.Asinusa operates in the Malacca and Singapore straits, one of the world's busiest shipping lanes.Company data show that vessel traffic in the area reached around 130,000 ships in 2025, with 35 percent conducting bunkering activities, totaling 56 million metric tons valued at about US$23 billion.There are also 21 FSU vessels operating in Tanjung Pelepas and Kukup, with ship-to-ship (STS) activity of around 15–20 vessels per month.The company said the absence of a comprehensive regulatory framework makes Indonesia less competitive than Singapore and Malaysia, which serve as regional STS hubs.Ship traffic could shift to regions offering more reliable services, reducing Indonesia's potential revenue from the sector.Purbaya said he would form a team to draft the regulations, expressing confidence the issue could be resolved as long as it remains under the Finance Ministry's authority.”Our team, together with Coordinating Minister Airlangga Hartarto, will work on this. We expect the regulations to be finalized within a month,” he said.