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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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Thursday, 04 March 10
THE INDIAN MARKET WAS STILL STRONG - FEARNRESEARCH
HANDY
Activity has gradually improved in the Atlantic throughout the week. All areas&n ...
Thursday, 04 March 10
GLOBAL COAL PRICES GETS SUPPORT FROM EM DEMAND
Commodity Online reported that, AP12 coal prices look well supported in 2010 thanks to positive outlook for Chinese coal demand whereas coal demand ...
Thursday, 04 March 10
THREE NEW GLOBAL PRICES INDEXES FOR COKING COAL
Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three ...
Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the ...
Tuesday, 02 March 10
INDONESIA'S PROTECTED FORESTS NOW OPEN TO DEVELOPMENT
The Jakarta Globe reported that, President Susilo Bambang Yudhoyono has signed a decree to allow mining, power plants and other projects deemed stra ...
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- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
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- Krishnapatnam Port Company Ltd. - India
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- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
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- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
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- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
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- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
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- Mjunction Services Limited - India
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- Electricity Generating Authority of Thailand
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Georgia Ports Authority, United States
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- PTC India Limited - India
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- Oldendorff Carriers - Singapore
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- Samtan Co., Ltd - South Korea
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- VISA Power Limited - India
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- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
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- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
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- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
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- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
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- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
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- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Minerals Council of Australia
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
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- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
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- Ministry of Transport, Egypt
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