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Thursday, 21 January 10
CABOTAGE POLICY POSTPONED
 The Transportation Ministry has decided to postpone for one year the full enforcement of the cabotage principle – a maritime term for the prohibition of foreign ships carrying domestic cargo – which was originally scheduled for earlier this month, as required by a presidential instruction issued in 2005.
Transportation Minister Freddy Numberi explained Monday the postponement was allowed by the 2008 Maritime Transport Service Law, which stipulates, among other things, that the cabotage policy shall be implemented three years after the law comes into force.
The issue here is not whether the deferment is legal, but simply the sad fact that five years after the promulgation of the presidential decree, national freighters are not yet ready to fully take over the shipment of domestic seaborne cargo.
This is only more evidence of how ignorant the government has been of basic infrastructure, notably coastal shipping services, which are vital for such a vast archipelagic country as Indonesia.
It is understandable if more than 80 percent of our exports and imports are still controlled by foreign vessels, in view of the keen competition in international freight service. But letting around 40 percent of our domestic seaborne cargo remain carried by foreign-flagged ships could inflict severe damage to our economy.
Inter-island shipping provides input to the national economy both through the transport of commodities used in manufacturing and through the distribution of finished goods. Put another way, efficient and extensive coastal shipping services deepen the economic integration and linkages between all the major islands.
We therefore find it hard to understand why the government has not made concerted efforts to empower the national shipping and shipbuilding industries through well-coordinated policies involving banks, shippers (manufacturers) and other related parties.
Cabotage relaxation could benefit the economy through wider access to lower freight rates, because international bulk ships usually have much larger capacities. Moreover, many bulk ships servicing Australia’s exports of coal, iron ore, wheat, alumina and sugar to South Korea, India and Japan and even Indonesia arrive in Australia empty. Hence these freighters can marginally cost their inbound capacity at rates national freighter companies cannot compete with.
But we should look beyond the short-term benefits. Heavy dependence on foreign vessels for our domestic cargo makes our economy vulnerable to a sudden disruption of supplies, because foreign bulk vessels select their service routes primarily on the basis of optimizing cargoes and returns. If the government is really serious about improving national economic competitiveness and making the archipelago an economically integrated zone, it has no other choice but to empower the shipping and shipbuilding industries in cooperation with banks, traders and manufacturing companies.
The implementation of the cabotage principle would go a long way in making shipping firms more attractive to bank lending as it would increase the cargo volume for national freighters, which in turn would require more cargo vessels.
The development of coastal freight services has become more imperative now due to the sharp increase in the demand for inter-island shipments of coal, palm oil, petroleum-based products and various other bulk commodities.
For instance, coal shipments alone will more than double into the hundreds of millions of tons within six to 10 years as a result of the building of new coal-fired power plants with a total capacity of 10,000 megawatts in Java, while coal supplies are derived mainly from Kalimantan and Sumatra.
Source: Editorial / The Jakarta Post
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Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 ...
Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
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- Meralco Power Generation, Philippines
- Australian Coal Association
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- The University of Queensland
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Parliament of New Zealand
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
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