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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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Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
Tuesday, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
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- London Commodity Brokers - England
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- Ministry of Mines - Canada
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- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
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- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- The University of Queensland
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- Posco Energy - South Korea
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
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- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
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- Economic Council, Georgia
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- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
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- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
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- Cigading International Bulk Terminal - Indonesia
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- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
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- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
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- Edison Trading Spa - Italy
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- Ind-Barath Power Infra Limited - India
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- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
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- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Deloitte Consulting - India
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- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
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- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
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- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
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- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
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- Australian Coal Association
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Planning Commission, India
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
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- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
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