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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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Friday, 26 March 10
CHINA PLANS TO INCREASES IMPORT COAL GREATLY IN 2010
– Asia Pacific Coal Trading & Investment Outlook 2010-
COALspot.com (Press Release): China plans to increase coal import significantly ...
Friday, 26 March 10
NTPC IN TALKS FOR INDONESIAN MINE - LIVE MINT
The deal for the coal mine with 1.8 bn tonnes of reserves may be valued at $1 bn
Live Mint reported that, State-run power utility NTPC Ltd is in ta ...
Friday, 26 March 10
ESSAR GROUP SIGNS DEAL FOR INDONESIAN COAL MINE - BUSINESS LINE
Looking ahead
The coal from the Indonesian mine would provide raw material to the group's power projects
The Aries coal mines acquired by the gro ...
Thursday, 25 March 10
CHINA RAILWAY WINS $4.8 BILLION INDONESIA PROJECT - BLOOMBERG
Bloomberg reported that, China Railway Group Ltd. won a $4.8 billion order from PT Bukit Asam, Indonesia’s state-owned coal producer, for a co ...
Thursday, 25 March 10
INDIAS MAHARASHTRA SEEKS TO IMPORT 3.35 MILLION TONS OF COAL - BLOOMBERG
Bloomberg reported that, Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, is seeking 3.35 m ...
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- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- India Bulls Power Limited - India
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
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