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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, 06 November 12
NOVEMBER 2012 HBA $35.21 LOWER THAN A YEAR AGO
COALspot.com - The Indonesian government’s declared coal reference price for November’ 12 has lost US$ 4.60 per MT M-o-M.
...
Sunday, 04 November 12
SUB-BIT INDONESIA COAL SWAPS FOR DECEMBER' 12 DELIVERY FALLS TO $ 59.78
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery fell -1.02 percent on WoW but gained 0.08 percent on D-D on Friday, 2 ...
Saturday, 03 November 12
THE SUPRAMAX FREIGHT EXPECTED TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - This week the market remained soft with all the sectors soft.
The BDI and was down by 6 pct closing at 986 points. The cape index ...
Saturday, 03 November 12
DEMOLITION IS THE KEY FOR DRY BULK SHIPPING'S RECOVERY SAYS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With the number of new building deliveries so far in 2012 already having surpassed the total of 2011, it's more than clear that the dry bulk sector ...
Thursday, 01 November 12
INDONESIA HAS REVISED DOWN ITS 2012 DOMESTIC MARKET OBLIGATION REQUIREMENT FOR COAL
COALspot.com - Minister of Energy and Mineral Resources of Indonesia has revised down its 2012 domestic market obligation requirement due to lower d ...
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Showing 4516 to 4520 news of total 6871 |
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- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- PTC India Limited - India
- Latin American Coal - Colombia
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Australian Coal Association
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- VISA Power Limited - India
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- The University of Queensland
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
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