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Saturday, 10 December 11
MAHAKAM RIVER RESUMES COAL TRANSPORTATION


COALspot.com - East Kalimantan local government has resumed limited coal barging through Mahakam River after two weeks of suspension following the collapse of Kutai Kartanegara bridge.

"Starting today, coal and fuel barges may use the river, but under strict supervision from security and Samarinda Port officers," said Ghufron Yusuf, vice regent of Kutai Kartanegara on Saturday (Dec 10), as reported by detik.com.

Coal transportation through Mahakam River will be limited to 9 hours a per day (8PM to 5AM) every day.

Coal transportation companies are also required to make statement that they will not file lawsuit if anything happens when passing the collapsed bridge, because two of the bridge's pillars are not in stable state, according to government officers.

Some coal producers have declared force majeure for coal shipments under contracts to it buyers.



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Tuesday, 13 December 11
CAPESIZES AND PANAMAXES LEAD DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched closer to the 2,000 mark on Monday, with Panamaxes rebounding firmly and leading the gains. As a result, the industry&rsq ...


Monday, 12 December 11
DRY BULK MARKET LOOKING FOR BALANCE AS WE ENTER 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
During the past few months, freight rates for dry bulk carriers, especially Capesizes have increased significantly, providing ship owners with a muc ...


Sunday, 11 December 11
THE PANAMAX INDEX ENDED ON POSITIVE DIRECTION - VISTAAR
COALspot.com - The BDI and Cape index continued the upward trend this week also with BDI up by 3.00 pct closing at 1,922 points and Cape index up by ...


Friday, 09 December 11
DRY BULK MARKET REBOUNDS ON HEALTHIER DEMAND OUTLOOK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged forward yesterday, at the highest rate of the past couple of weeks, as a result of stonger iron ore demand, backed by lowe ...


Thursday, 08 December 11
INDIA MAY SEE 41% ANNUAL GROWTH OF ITS COAL DEMAND DURING THE NEXT 5 YEARS - ICAP SHIPPING
India’s Ministry of Coal expects that India’s coal demand may face an annual 41% rise during the next 5 years, while its coal deficit is ...


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