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Tuesday, 06 April 10
ASIAN INVESTORS EYE NIGERIA MARITIME INDUSTRY
 Investors from the Asian region are considering investing in the Nigerian maritime sector, which has huge opportunities and potential. One of such potential investors is the fourth largest shipping group in the world, STX Group, which has indicated interest in investing in the Nigerian maritime sector and has scheduled a visit to Nigeria in June this year.
This was disclosed when the director general of the Nigerian Maritime Administration and Safety Agency (NIMASA), Temisan Omatseye, met with representatives of the group at the just concluded 11th edition of the Asia Pacific Maritime Expo 2010, which took place in Singapore.
At the meeting, Omatseye educated them on the opportunities in the Nigerian maritime sector to which the deputy president of the STX group, Yao Han Thung, who led the delegation from STX, admitted ignorance.
Enlightened about the Nigerian maritime potential, Thung then said that his company is delighted at the prospect of investing in Nigeria and immediately scheduled a visit to Nigeria in June.
In a release signed by the deputy director, Public Relations of NIMASA, Ego Nwokocha, she noted that NIMASA has assured investors from the Asian region of a conducive investment atmosphere in Nigeria in its quest to attract Foreign Direct Investment into the Nigerian maritime sector.
According to the release, NIMASA DG gave the assurance during his meeting with various maritime stakeholders at the just concluded Asia Pacific Maritime Expo, where over 800 leading international organizations in the maritime sector from 52 countries converged for the exhibition on latest trends in marine equipment, technology services and policies and Nigeria was the only African country.
Omatseye described the agency's participation as highly rewarding for the Nigerian maritime sector. He said, "It is interesting to see all these potential investors coming to make enquiries about the Nigerian maritime industry. I am sure the nation will soon start enjoying the benefits of this campaign.
"We have also learnt a lot from our participation and we will surely implement all we have learnt from here". He said.
The potential investors were educated on investment opportunities in the Nigerian maritime sector, reasons why they should invest in Nigeria, and details about NIMASA. Omatseye described the world as a global village where effective collaboration between nations will be symbiotic in nature and enhance maritime safety the world over.
The NIMASA helmsman also led a delegation from the Agency to meet with the management of the Maritime Ports Administration of Singapore where avenues of cooperation were explored.
The group director of Policy and Planning, Yee Cheok Hong, commended NIMASA for reaching out to them and promised cooperation in the area of capacity building, encouraging Singaporean maritime service providers to explore the Nigerian maritime industry, and in the area of ship building and acquisition.
While commending NIMASA for the initiative to attract foreign direct investment into Nigeria from Asia in general and Singapore in particular, the Nigerian ambassador to Singapore, Adegoke Osunkeye pointed out that the embassy have been inundated with request from indigenous shipowners in Singapore for information about the Nigerian maritime sector.
The embassy also collaborated with NIMASA at the exhibition by educating Asians on travel to Nigeria.
The Chairman, House Committee on Marine Transport, Ifeanyi Ugwuanyi, who was also at the Asian Maritime Expo, described the event as an ideal environment to network for investment.
He commended the management of NIMASA for taking the lead in exploring the Asian market and restated the commitment of Nigerian lawmakers to formulating policies that will make Nigeria an investor friendly environment.
Singapore is considered the maritime hub of the Asian continent and has an economy predominantly dependent on maritime trade. It is also considered as one of the emerging Asian Dragons.
Chairman, Indigenous Ship owners Association of Singapore, Richard Lee, described the Nigerian shipping sector as highly viable adding that the time has come for effective collaboration between indigenous ship owners in Singapore and their counterparts in Nigeria, who also had a delegation led by chairman, Indigenous Ship Owners Association of Nigeria, (ISAN), Isaac Jolapamo.
Source: Daily Independent / Hellenic Shipping
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Wednesday, 21 April 10
INDONESIA SHIPPED 13.24 PERCENT MORE COAL IN MARCH THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 27,615,191 MT of coal in March 2010, compare to 24.38 million tons in January and ...
Tuesday, 20 April 10
INDO HARUM ENERGY WINS US$200MN LOAN PLEDGE FROM BANK SYNDICATE
Indonesian coal producer PT Harum Energy has secured a loan commitment of US$200 million from a syndicate of six banks.
Bank of Tokyo Mitsubishi ...
Tuesday, 20 April 10
PACIFIC SUPRA MARKET WAS STILL SOFTENING - BRS
A modest increase in dry bulk rates this week with activity picking up in the middle of the week. Panamax rates remain above the Capes, and there wa ...
Monday, 19 April 10
IS CHINA TO SUFFER NEW COAL SUPPLY SHORTAGE IN 2010? - XINHUA
Is China likely to suffer a new coal supply shortage in 2010? It's a question haunting many Chinese market analysts now. After a string of several ...
Monday, 19 April 10
WHITE ENERGY BUYS SA COAL - ABC NET
ABC Net reported that, South Australian Coal Limited is being bought by the New South Wales company White Energy.
Shareholders will get a combine ...
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- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Deloitte Consulting - India
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
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