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Monday, 05 April 10
RI TO SET REFERENCE FOR COMMODITIES - THE JAKARTA POST
 The Jakarta Post reported that, Indonesia is set to help establish global reference prices for mining and agricultural commodities, with the establishment of a privately owned Indonesia Commodity and Derivatives Exchange (ICDX).
The new exchange is expected to help improve the country’s underdeveloped futures market and make the country the fifth largest commodity futures exchange in the world, says Commodity Futures Trading Supervisory Board (Bappebti) head Deddy Saleh.
“We have permitted the establishment of a new exchange … because we’ve seen in the last 10 years that there have been no satisfactory results since the BBJ [Jakarta Futures Exchange] was established [in 2000],” he told reporters during a conference after the official launch of the ICDX.
He said the BBJ should have served as a price reference and a place for hedging but it had failed due to “the absence of competitors and slow management”.
According to Deddy, 98 percent of transactions occurring in the BBJ were alternative trading, such as foreign exchange and indexing, which were yet to be regulated.
“This [ICDX] is privately owned. A private company won’t play around with their capital,” said Deddy.
ICDX president director Megain Widjaja said trading in the ICDX would be transparent as transaction data could be accessed online and later on TV.
“We have cooperated with Bloomberg. But transactions are still closed [for time being] … We’ll later cooperate with Reuters so [transactions] can be accessed online and can be seen on TV and the internet.”
Trade Minister Mari Elka Pangestu, who was also present, said: “The importance of a commodity futures exchange is that transactions will be more liquid, more transparent and [we can be] a price reference,” she said.
She said farmers would have more bargaining power on prices when negotiating with their buyers, and thus, cartel practices — control over prices of a commodity by certain parties — could be avoided.
She also said foreign brokers and market traders were now allowed to trade in the exchange to make the country’s commodity futures exchange perform better.
The ICDX is now trading gold and crude palm oil (CPO) futures contracts.
The ICDX has listed 15 members, seven of whom are CPO producers. The members are PT Wilmar Nabati Indonesia, publicly listed PT Sinar Mas Agro Resources, publicly listed PT Sampoerna Agro, PT Duta Palma Nusantara, publicly listed PT BW Plantation, PT Palm Mas Asri, PT Danpac Futures, PT Valbury Asia Futures, PT Sinarmas Futures, PT Universal Futures, PT Aperdi and PT Monex Investindo.
The senior economist of Standard Chartered Bank Fauzi Ichsan said with Indonesia being the world’s largest CPO producer, “it is time to have a commodity futures exchange”. But, he said, big investors would likely trade in Singapore as the latter’s market was more liquid. “We hope they’re not only listed [in the ICDX] but that they will also trade in Indonesia,” he told The Jakarta Post.
Source: The Jakarta Post
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Friday, 12 October 12
INVESTMENT OPPORTUNITIES OCCUR IN THE SECOND HAND VESSEL MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although 2012 has by now evolved into one of the most challenging years for global shipping industry, ship owners are scouting the second hand ship ...
Thursday, 11 October 12
SINGAPORE BASED COAL SOURCE AND SHIPPING BAGS 300K MT IMPORTED COAL SUPPLY CONTRACT FROM TNPL
COALspot.com - India-based paper manufacturer Tamil Nadu Newsprint and Papers Limited has awarded a tender for 300,000 mt of imported steam co ...
Thursday, 11 October 12
PANAMAX : SINCE LAST WEEK RATES HAS FIRMED FOR ALL TRADES - FEARNLEYS AS
Handy
The Atlantic market remains quiet due to lack of cargoes and more supply of ships. Rates from Continent to East Med were around USD 14k and B ...
Thursday, 11 October 12
DRY BULK MARKET STEADY AFTER CHINESE HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market hasn't yet staged a solid rebound after last week's holidays in China, as many would have expected. Indeed, many analysts were ...
Wednesday, 10 October 12
NEW BUILDING MARKET ON A QUIET WEEK, DUE TO ASIAN HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The newbuilding ordering activity has been more than quite during the course of the past week, as a result of holidays in both Korea and China. Acco ...
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- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Australian Coal Association
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- London Commodity Brokers - England
- White Energy Company Limited
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
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