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Monday, 27 June 16
INDONESIA BANS (AGAIN) SHIPS SAILING TO THE PHILIPPINES FROM INDONESIA
Barge and excavatorCOALspot.com: The Indonesian Transport Ministry strictly prohibited harbour masters issuing permits to all Indonesian-flagged vessels bound for the Philippines, without exception" after a series of kidnappings worsened maritime safety concerns, as reported by media.

According to reports, earlier last week, the government confirmed the latest abduction of seven Indonesian sailors at gunpoint by an unidentified group in Sulu, Philippines. This was the third incident of sailors being kidnapped off Philippines in the south of the country.

According to media reports, the kidnappers have reportedly demanded a ransom of around US$ 5 million from the owner of the boat, to release the hostages. The reports further said that Seven crewmen were held while the other six members and Tug boat have been released. The Tug boat Charles and barge departed Samarinda on June 4 with 13 crewmen.

The ban might affect the trade from Indonesia to the Philippines, as the Sulu and Celebes Sea, are the key waterway between Indonesia, Philippines, and Malaysia. Indonesia is one the largest supplier of power plant coal to Philippines.

Indonesian marine patrols in its waters bordering the southern Philippines to increase to ensure that no commercial ships are sailing there, says media reports.


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Monday, 11 July 16
THE MAIN SEA FREIGHT INDEX, BDI ROSE FURTHER ON 8 JULY DUE TO STRONG DEMAND FOR PANAMAX SHIPS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week. The BDI was up 3.84 percent from las ...


Monday, 11 July 16
DRY BULK MARKET: UP TO 30 MILLION DWT OF OLDER BULKERS WILL NEED TO BE SCRAPPED BY END OF 2017 FOR MARKET TO FIND BALANCE
Tonnage oversupply in the dry bulk market is more than evident, as newbuildings have been hitting the water faster than owners can scrap their olde ...


Friday, 08 July 16
U.S. WEEKLY COAL OUTPUT UP 3% TO 14.1 MMST - EIA
COALspot.com – U.S, world’s second largest coal producers has produced approximately totalled an estimated 14.1 million short tons (mms ...


Thursday, 07 July 16
PANAMAX : THE TENDENCY FROM LAST WEEK CONTINUES WITH A CONSIDERABLY STRONGER SENTIMENT ALL ACROSS THE BLOCK - FEARNLEYS
Capesize Rates have been holding at steady levels over the last weeks but towards end of this period they are becoming under more pressure as gen ...


Thursday, 07 July 16
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The transport sector is looking to Asia Pacific as the key market for investment over the next five years, according to the seventh The way ahead T ...


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