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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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Monday, 12 November 12
THE ESTABLISHMENT OF NORTH KALIMANTAN AS A NEW PROVINCE WILL NOT AFFECT THE LOCAL MINING COMPANIES
The government of Indonesia has ensured that the establishment of North Kalimantan as a new province will not affect the local mining companies ...
Monday, 12 November 12
DRILLING COMPLETED AT THE MOORLANDS DEPOSIT, WEST BOWEN PROJECT
Press Release - Cuesta Coal Limited (ASX: CQC) (“Cuesta”) is pleased to announce it has completed its exploration activities at the Moor ...
Monday, 12 November 12
BARGE-LOAD OF 5K TONNES OF COAL FROM THE ADK JOINT VENTURE SHIPPED LAST WEEK
COALspot.com - Orpheus Energy (ASX:OEG) has announced that, it has successfully shipped a 5,000 tonne of ADK thermal coal to an Indonesian trading g ...
Sunday, 11 November 12
AN OPTIMISTIC WEEK FOR INDONESIAN SUB-BIT COAL
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for January 2013 delivery gains 2.08 percent WoW and 1.28 percent DoD on Friday, 9 November ...
Sunday, 11 November 12
THE IRON ORE AND COAL PRICES MOVEMENTS REMAINS LOW - VISTAAR
COALspot.com The market remained soft with all the sectors soft.
The BDI and was down by 4.67 pct closing at 940 points, on Friday 9 Novemb ...
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- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- PTC India Limited - India
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Economic Council, Georgia
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
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