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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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Recent News

Monday, 27 June 16
THE BDI UP 3.75 PERCENT ; BCI FELL 1.51% WEEK OVER WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week. The BDI was up 3.75 percent from las ...


Friday, 24 June 16
U.S WEEKLY COAL PRODUCTION UP MARGINALLY
COALspot.com – U.S, world’s one of the largest coal producers has produced approximately totalled an estimated 13.4 million short tons ...


Wednesday, 22 June 16
SMALL RISE IN SHIPPING CONFIDENCE - MOORE STEPHENS
In May 2016, the average confidence level expressed by respondents in the markets in which they operate was 5.1 on a scale of 1 (low) to 10 (high). ...


Wednesday, 22 June 16
SHIPPING MARKET INSIGHT - NASSOS SOULAKIS
Stagnation- With the BDI stuck in the low 600 points for almost a month now, if we had to choose a word to describe the state of the Dry Bulk freig ...


Monday, 20 June 16
CS COAL INDICES CONTINUE UPWARD TREND SINCE END APRIL
COALspot.com: Average 5000 GAR coal index of Indonesian origin was up again by 0.05 percent week over week to averaging $39.39 per ton this past we ...


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