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Saturday, 07 July 12
INDONESIA-JAPAN RELATIONS TURN SOUR - THE JAKARTA POST
 The Jakarta Post, the one of the leading Indonesian English new papers reported that, Bilateral relations between Indonesia and Japan have recently become marred by unabashed exchanges of threats between government officials.
Rudi Rubiandini, the newly appointed deputy energy and mineral resources minister, said Japan had sent a letter stating that it would ban photocopy paper imports from Indonesia should the country go ahead and tax metal ore exports.
Japan, the world’s second-largest nickel consumer, previously threatened to file a complaint with the World Trade Organization (WTO) in response to new changes in Indonesia’s mineral trade policy.
On May 6, the government issued a regulation that introduced tougher requirements on the exportation of 65 types of raw minerals — excluding coal — and imposed a 20 percent export tax. The regulation is deemed necessary to curb overexploitation of resources ahead of the full implementation of a ban on raw mineral exports in 2014 as demanded by 2009 Minerals and Coal Mining Law.
The government has encouraged companies to either build smelters, either individually or through joint ventures, or make other plans for processing raw minerals.
In response to Japan’s threat of barring photocopy paper imports, Rudi said Indonesia could easily retaliate by cutting supplies of liquefied natural gas (LNG) to Japan.
According to ministry data, last year, Indonesia produced 362 LNG cargoes. Japan was the largest buyer, purchasing 172 cargoes, followed by Korea with 68 cargoes, the US (55), China (35) and Taiwan (32).
Other data show that in the first four months of this year, Indonesia exported 2.72 million tons of gas worth US$2.43 billion or 18.65 percent less than the $2.99 billion in the same period last year.
Based on Trade Ministry data, between January and April 2012, Indonesia exported more than 173 tons of photocopy paper to Japan. Total exports were valued at US$207.07 million, up 15.52 percent compared to the same period last year.
Trade Ministry director general for foreign trade Deddy Saleh said on Friday that the ministry had not decided to take any action in response to the photocopy paper threat.
“Japan has not filed an official complaint with us. So we are just going to wait and see,” Deddy said.
Experts say that Japan’s desperate response to the new Indonesian policy was an indication of Japan’s high dependence on raw materials to sustain both exports and the lifestyles of Japanese people.
Toshio Nakamura, the general manager of stainless raw materials at Mitsui & Co., was quoted by Bloomberg news service recently as saying that no other countries could immediately replace Indonesia in terms of raw material supplies.
Takayuki Ueda, the director general of the manufacturing industries bureau of Japan’s Trade Ministry, said that Japan would prefer to negotiate a solution to prevent a full ban on mineral exports.
However, he said, Japan might file an objection with the WTO should Indonesia proceed with a complete ban.
Utama Kajo, head of the Indonesian Chamber of Commerce and Industry’s (Kadin) standing committee on investment, human resource development and small and medium enterprises, said he was not worried that the rift would affect other sectors in the trade relations between the two countries.
“This is only a small-scale argument. It will not matter much if Japan stops photocopy paper exports because Indonesia can send it elsewhere, for example, to China or South America,” he said.
Utama suggested that Japan build smelters in Indonesia to process metal ore. Furthermore, he reminded the Indonesian government to think twice before making threats about cutting off the gas supply as it would only harm Indonesia.
“We can’t just cut off the supply because the countries have signed long-term contracts. We would risk being reported to the WTO,” he said.
Avilian, an economist at the Institute for Development of Economics and Finance (Indef) who is also a commissioner at one of the country’s biggest lenders, Bank BRI, said she doubted that the bickering between state officials would damage the long standing relations between Indonesia and Japan.
“We have had good relations so far. This is a small problem and can be addressed by the officials. Indonesia and Japan need each other,” she said.
Source: The Jakarta Post
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Friday, 28 September 12
DRY BULK SECOND HAND VESSELS ON HIGH DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the demise of the dry bulk market and the collapse of freight rates since the beginning of 2012, on the back of record breaking newbuilding ...
Thursday, 27 September 12
MINING RE-COMMENCES AT ORPHEUS' B2 EAST KALIMANTAN COAL PROJECT
- B2 project overburden removal completed and coal exposed
- Coal getting has commenced with target production of 30,000tpm
- Orpheus to re ...
Thursday, 27 September 12
HANDY: THE PACIFIC MARKET IS GETTING WEAKER WITH UPCOMING GOLDEN WEEK HOLIDAYS - FEARNLEYS AS
Handy
Yet another week with rates softening in all trades. Especially owners with ships open Continent struggle to find employment paying decent mo ...
Thursday, 27 September 12
DRY BULK MARKET LOSES STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The rise of the BDI (Baltic Dry Index), the dry bulk industry’s benchmark during the course of the previous week, proved to be short-lived, as ...
Wednesday, 26 September 12
NEWBUILDING ORDERING ACTIVITY REMAINS SUBDUED ON GLOBAL MARKET UNCERTAINTY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Newbuilding ordering activity has been on the down side during the past few weeks, a trend also noticeable during the course of the past few days, a ...
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- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
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