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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, 27 November 12
NEWCASTLE PORT HAS SHIPPED 1.79 MILLION TONS OF COAL W/E 26 NOVEMBER
COALspot.com - Newcastle port in Australia has loaded 1,793,841 MT of thermal and coking coal for week ended 0700 hours 26 November 2012, Newc ...
Sunday, 25 November 12
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO BE FIRM - VISTAAR
COALspot.com - The freight market was buoyant this week with all sectors up except for the Cape size index. The BDI was up by 5.21 pct closing at 10 ...
Sunday, 25 November 12
INDONESIAN SUB BITUMINOUS COAL SWAP CONTRACTS SLIDE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for February 2013 delivery lost 0.76percent WoW but gained 0.16 percent DoD on Friday ...
Saturday, 24 November 12
DELTA DUNIA MAKMUR PRODUCES 3.2 MILLION TONS OF COAL IN OCTOBER
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 31.1 million bcm* (-4.0% YoY) of Overburden in October 2012 totaled while coal production was ...
Friday, 23 November 12
CHOOSING THE RIGHT TIME TO INVEST IN NEW VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Shipping is all about timing, a process often rising to the height of artform, as ship owners are having to pick the exact moment of selling most of ...
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- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Australian Coal Association
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- MS Steel International - UAE
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Planning Commission, India
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
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