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Monday, 27 June 16
INDONESIA BANS (AGAIN) SHIPS SAILING TO THE PHILIPPINES FROM INDONESIA
Barge and excavatorCOALspot.com: The Indonesian Transport Ministry strictly prohibited harbour masters issuing permits to all Indonesian-flagged vessels bound for the Philippines, without exception" after a series of kidnappings worsened maritime safety concerns, as reported by media.

According to reports, earlier last week, the government confirmed the latest abduction of seven Indonesian sailors at gunpoint by an unidentified group in Sulu, Philippines. This was the third incident of sailors being kidnapped off Philippines in the south of the country.

According to media reports, the kidnappers have reportedly demanded a ransom of around US$ 5 million from the owner of the boat, to release the hostages. The reports further said that Seven crewmen were held while the other six members and Tug boat have been released. The Tug boat Charles and barge departed Samarinda on June 4 with 13 crewmen.

The ban might affect the trade from Indonesia to the Philippines, as the Sulu and Celebes Sea, are the key waterway between Indonesia, Philippines, and Malaysia. Indonesia is one the largest supplier of power plant coal to Philippines.

Indonesian marine patrols in its waters bordering the southern Philippines to increase to ensure that no commercial ships are sailing there, says media reports.


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Monday, 04 July 16
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Friday, 01 July 16
BREXIT SET TO HURT SHIPPING IN THE LONG-TERM AS IT WILL TAKE ITS TOLL IN THE GLOBAL ECONOMY'S GROWTH - HELLENIC SHIPPING
Setting aside the short-term negative impact of the Brexit, in terms of stock market and currency volatility, it’s more than evident that the ...


Friday, 01 July 16
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Thursday, 30 June 16
CAPE - THIS WEEK'S FREIGHT AND ACTIVITY LEVEL HAVE KEPT STABLE - FEARNLEYS
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Thursday, 30 June 16
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