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Saturday, 12 June 10
BALTIC EXCHANGE ESTABLISHES ASIA-PACIFIC OFFICE
The London-based Baltic Exchange has today announced it is setting up an Asia-Pacific Representative Office in Singapore, to ensure closer contact with its growing number of members in the region and focus on the development of Baltic freight market information to meet their needs. Unveiling the news at the inaugural meeting of the Baltic’s Asian Dry Freight Market Information Users Group, Baltic Exchange chief executive Jeremy Penn said: "Opening our office (here) in Singapore is an important step in ... ensuring the Baltic is fully attuned to the needs of the shipping market in the Asia-Pacific region.”
MPA (Maritime and Port Authority of Singapore) chairman Peter Ong welcomed the move, saying: “We are honoured that the Baltic Exchange has chosen Singapore as the location for its first office outside of London. We are confident that the Baltic Exchange’s presence in Asia will be well received by the maritime community in Singapore and in Asia. We look forward to working with the Baltic Exchange to develop the freight derivatives market in Asia and beyond.”
The new office will be run by Philip Williams, an experienced shipbroker who has previously worked for Braemar Seascope (Perth), Navios and Fiona Maritime Agencies. The Baltic Exchange currently has 60 member companies based in the Asia Pacific region.
Source: SeatradeAsia Online / Hellenic Shipping
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Saturday, 20 June 09
MINING LICENSE PROCEDURES `PROPER' - (UPDATE 3)
All 13 coal mining firms operating in Sawahlunto, West Sumatra, complied with procedures in obtaining their licenses, authorities say, as a recent m ...
Saturday, 20 June 09
TECK SEES 2009 COAL SALES AT UPPER-END OF FORECAST
* Sees 2009 coal sales at upper-end it of prior forecast
* Says increased Chinese demand, driving brighter outlook
Teck Resources Ltd said on Fr ...
Saturday, 20 June 09
COAL OUTLOOK DARKENS AS PRODUCERS LOOK FOR PRICING FLEXIBILITY
Russia’s coal output has dropped 17% in the first quarter of the year, with slowing demand and rising tariffs adding gloom to the outlook for ...
Saturday, 20 June 09
AUSTRALIA'S NEWCASTLE THERMAL COAL PRICES FALL 7.7% TO $70.81
Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, fell 7.7 percent, declining for the first time since the week e ...
Saturday, 20 June 09
CHINA'S COAL IMPORTS UP AND EXPORTS DOWN
China’s coal import hit a new monthly high in May, while coal export slumped to a 11-year low, China Securities Journal reported today.
The ...
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