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Tuesday, 06 April 10
ASIAN INVESTORS EYE NIGERIA MARITIME INDUSTRY
 Investors from the Asian region are considering investing in the Nigerian maritime sector, which has huge opportunities and potential. One of such potential investors is the fourth largest shipping group in the world, STX Group, which has indicated interest in investing in the Nigerian maritime sector and has scheduled a visit to Nigeria in June this year.
This was disclosed when the director general of the Nigerian Maritime Administration and Safety Agency (NIMASA), Temisan Omatseye, met with representatives of the group at the just concluded 11th edition of the Asia Pacific Maritime Expo 2010, which took place in Singapore.
At the meeting, Omatseye educated them on the opportunities in the Nigerian maritime sector to which the deputy president of the STX group, Yao Han Thung, who led the delegation from STX, admitted ignorance.
Enlightened about the Nigerian maritime potential, Thung then said that his company is delighted at the prospect of investing in Nigeria and immediately scheduled a visit to Nigeria in June.
In a release signed by the deputy director, Public Relations of NIMASA, Ego Nwokocha, she noted that NIMASA has assured investors from the Asian region of a conducive investment atmosphere in Nigeria in its quest to attract Foreign Direct Investment into the Nigerian maritime sector.
According to the release, NIMASA DG gave the assurance during his meeting with various maritime stakeholders at the just concluded Asia Pacific Maritime Expo, where over 800 leading international organizations in the maritime sector from 52 countries converged for the exhibition on latest trends in marine equipment, technology services and policies and Nigeria was the only African country.
Omatseye described the agency's participation as highly rewarding for the Nigerian maritime sector. He said, "It is interesting to see all these potential investors coming to make enquiries about the Nigerian maritime industry. I am sure the nation will soon start enjoying the benefits of this campaign.
"We have also learnt a lot from our participation and we will surely implement all we have learnt from here". He said.
The potential investors were educated on investment opportunities in the Nigerian maritime sector, reasons why they should invest in Nigeria, and details about NIMASA. Omatseye described the world as a global village where effective collaboration between nations will be symbiotic in nature and enhance maritime safety the world over.
The NIMASA helmsman also led a delegation from the Agency to meet with the management of the Maritime Ports Administration of Singapore where avenues of cooperation were explored.
The group director of Policy and Planning, Yee Cheok Hong, commended NIMASA for reaching out to them and promised cooperation in the area of capacity building, encouraging Singaporean maritime service providers to explore the Nigerian maritime industry, and in the area of ship building and acquisition.
While commending NIMASA for the initiative to attract foreign direct investment into Nigeria from Asia in general and Singapore in particular, the Nigerian ambassador to Singapore, Adegoke Osunkeye pointed out that the embassy have been inundated with request from indigenous shipowners in Singapore for information about the Nigerian maritime sector.
The embassy also collaborated with NIMASA at the exhibition by educating Asians on travel to Nigeria.
The Chairman, House Committee on Marine Transport, Ifeanyi Ugwuanyi, who was also at the Asian Maritime Expo, described the event as an ideal environment to network for investment.
He commended the management of NIMASA for taking the lead in exploring the Asian market and restated the commitment of Nigerian lawmakers to formulating policies that will make Nigeria an investor friendly environment.
Singapore is considered the maritime hub of the Asian continent and has an economy predominantly dependent on maritime trade. It is also considered as one of the emerging Asian Dragons.
Chairman, Indigenous Ship owners Association of Singapore, Richard Lee, described the Nigerian shipping sector as highly viable adding that the time has come for effective collaboration between indigenous ship owners in Singapore and their counterparts in Nigeria, who also had a delegation led by chairman, Indigenous Ship Owners Association of Nigeria, (ISAN), Isaac Jolapamo.
Source: Daily Independent / Hellenic Shipping
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Monday, 19 April 10
PLN TO OPERATE COAL MINES IN BID TO FUEL POWER PLANTS
The Jakarta Globe reported that, state electricity utility PT Perusahaan Listrik Negara said on Sunday that it aimed to take over operation of small ...
Sunday, 18 April 10
GOVT FORMS PANEL FOR RS 12,000-CR (US$ 2.711 BILLION) COAL INDIA IPO - ECONOMIC TIMES
Economic Times reported that, the government has formed an inter-ministerial panel to carry forward the proposed Rs 12,000-crore (US$ 2.711 billion) ...
Sunday, 18 April 10
THE FUTURES FOR THREE YEARS (2010-2012) FOR PANAMAX WAS AT AROUND US$ 21500 PER DAY - VISTAAR
COALspot.com: The BDI indices up by 3.30 pct and overall market continued to be firm except for India to Fareast.
“The cape index for the f ...
Saturday, 17 April 10
DRY BULK SHIPPING MARKET ANALYSIS - BIMCO
Strong Chinese steel market is set to cushion the flood of new Capesize vessels entering the dry bulk fleet Demand: The first quarter of 2010 saw up ...
Saturday, 17 April 10
DRY BULK MARKET EDGES HIGHER ON STRONGER DEMAND
The dry bulk market managed to inch higher by the end of the week as brokers indicated that stronger cargo demand pushed freight rates that much hig ...
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- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- The University of Queensland
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Minerals Council of Australia
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Planning Commission, India
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
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