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Monday, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
 A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate source on board the vessel said.
The De Xin Hai and its 25 crew were carrying about 76,000 tons of coal from South Africa to Mundra in India when it was seized in an audacious attack by the gunmen some 700 miles east of the Horn of Africa.
Heavily armed sea gangs from Somalia have made tens of millions of dollars in ransoms hijacking vessels in the Indian Ocean and strategic Gulf of Aden, which links Europe to Asia.
Patrols in the area by warships from several nations only appear to have forced the pirates to hunt further from shore.
"A helicopter dropped the ransom money on to the ship. We have received $4 million," Hassan, one of the pirates on the De Xin Hai, told Reuters by telephone to cheers in the background.
"We hope to disembark in a few hours," he added.
"The crew is safe and, although they will not have their freedom for a few more days, they are all happy now."
The chaos in the waters off Somalia is a reflection of a civil war on land that has killed 19,000 civilians since the start of 2007 and driven 1.5 million from their homes, triggering one of the world's worst humanitarian emergencies.
Western security agencies say the drought-ridden nation has become a safe haven for militants, including foreign jihadists, who are using it to plot attacks across the region and beyond.
FIRST COAL SHIP HIJACKING
The October 19 hijacking of the De Xin Hai, which is owned by Qingdao Ocean Shipping, a unit of China Ocean Shipping or COSCO, was the first known seizure of a coal ship by Somali pirates.
Indian coal traders warned at the time that this might encourage the gangs to seize other coal ships, since these dry bulk carriers are smaller and have relatively small crews.
Experts say a higher risk of pirate attacks could disrupt an expected increase in the volume of South African coal heading to India after a boom in Indian demand over the last two years.
China sent three warships to Somali waters late last year with great fanfare after a ship carrying oil to China was attacked by pirates. But Chinese warships, like those from other countries, provide protection mainly in the narrow and dangerous Gulf of Aden, not in the much larger Indian Ocean.
In late October and again in November, the pirates on board the De Xin Hai threatened to execute its 25 mostly young sailors if the Chinese military tried to rescue them.
Separately on Sunday, regional maritime officials said Somali pirates freed an Indian fishing dhow last week, the Laxim Sagar, and its 10 crew. They were hijacked earlier this month.
The officials said no ransom was paid, but the gunmen stole money and belongings from the sailors before disembarking.
Source: Reuters
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Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugiti ...
Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dr ...
Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which m ...
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...
Thursday, 24 December 09
DRY BULK CHARTERING - SHIPPING UPDATE
Handy
Continued firm conditions for the Handymax / Supramax market in the Atlantic despite the BSI´s downward trend. As chrs scramble to cov ...
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- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- MS Steel International - UAE
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
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