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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, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
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- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- White Energy Company Limited
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- VISA Power Limited - India
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- PTC India Limited - India
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
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