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Friday, 12 October 12
HOW REAL IS THE THREAT OF PIRACY? - BIMCO
 The threat of modern piracy remains serious, regardless of its seasonal variations and the fact that it is chiefly confined to the Indian Ocean, Gulf of Guinea and rather less frequently the waters of South East Asia. Statistically, the numbers of ships attacked and captured by pirates when compared to the number of vessels transiting the Indian Ocean remains small, but the nature of that risk tends to outweigh mere statistics. It is simply unacceptable for ships to be captured and their crews subjected to confinement and unspeakable tortures at pirate hands, so the precautions that will reduce the likelihood of this capture must be taken.
As with any risk, both the probability and consequences must be considered and while the probability of a successful capture might be relatively small, the consequences are such that a mere “percentage game” with owners taking their chances would be irresponsible.
In the case of Somali piracy, the risks quite definitely vary with seasons, with the stormy monsoon period dissuading pirates from operations with their small skiffs, although there have been exceptions noted with the use of motherships. The temptation, during periods when attacks have been few, is to relax one’s guard and to stand down protection teams, but advice has been to the effect that this is a dangerous strategy, as the pirates may well be merely waiting for signs of such relaxation, before launching a fresh assault on shipping.
The pirates, or the controlling brains behind them, are well aware that time is on their side and they can afford to lie low until such time that they believe the guard is down and they will have a better chance of a successful attack. The fact there are still many seafarers still held hostage emphasises this need for ship operators to maintain all their best management practices. It must be recalled that the pirates have also varied their tactics in the past, learning from their mistakes and there is every reason to suppose that this process is continuing.
Ultimately, of course, it is a problem that will not be solved at sea, but by law enforcement ashore, along with the establishment of effective government in Somalia and efficient policing in the Northwest Indian Ocean and around West Africa. The ship operator can only deal with the consequences of a political situation and maintain vigilance until such time that it is safe to stand down the protection. There may be some positive signs from Southern Somalia where a government in Mogadishu is in place and extremists fought off by peacekeeping forces.
But we are clearly a long way from ensuring that the Puntland tribes around the Horn of Africa are engaged in only peaceful pursuits. The naval patrols, the security details aboard ship, the vessels wreathed in razor wire with crews “locked down” for days on end, all remain a reality and sensible precautions are required, as long as piracy threats remain real.
Source: BIMCO / Hellenic Shipping News
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Tuesday, 18 December 12
NEWCASTLE PORT IN AUSTRALIA SHIPPED 20.19 PERCENT MORE COAL W/E 17 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 3,269,640 MT of thermal and coking coal for week ended 0700 hours 17 December 2012, Newc ...
Monday, 17 December 12
SHIP PRICES TO BOTTOM OUT IN 2013 SAYS GEORGE D. GOURDOMICHALIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship values especially in older tonnage, or even modern vessels with poor quality are expected to fall further during 2013, with the market as a who ...
Monday, 17 December 12
SYNERGISING WITH PIONEERS TO DEVELOP TOMORROW'S LATIN AMERICAN RAILWAYS
Press Release: Brazil being one of the largest country in South America has one of the most dynamic rail markets in the world. Rail transport in Bra ...
Sunday, 16 December 12
FREIGHT TREND SOFTENED THIS WEEK - VISTAAR
COALspot.com - The freight market further softened this week and closed at 784 points (down by 18.84 pct). The cape index had the biggest fall ...
Friday, 14 December 12
GMR GROUP OF INDIA TO IMPORT 100K MT OF 4800 GAR COAL
COALspot.com: GMR Group of India to invite bids for 100,000 Metric Tons of imported non coking coal to be delivered during January and February 2013 ...
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- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Australian Coal Association
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Economic Council, Georgia
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Sical Logistics Limited - India
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