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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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Thursday, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
...
Tuesday, 22 December 09
CHINA CONTRACTED COAL PRICE FOR 2010 SEES SLIGHT INCREASE
A number of coal and power enterprises have concluded their annual power-coal supply contracts for 2010, and the contracted coal price saw slight in ...
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- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
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