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Thursday, 21 January 10
CABOTAGE POLICY POSTPONED
 The Transportation Ministry has decided to postpone for one year the full enforcement of the cabotage principle – a maritime term for the prohibition of foreign ships carrying domestic cargo – which was originally scheduled for earlier this month, as required by a presidential instruction issued in 2005.
Transportation Minister Freddy Numberi explained Monday the postponement was allowed by the 2008 Maritime Transport Service Law, which stipulates, among other things, that the cabotage policy shall be implemented three years after the law comes into force.
The issue here is not whether the deferment is legal, but simply the sad fact that five years after the promulgation of the presidential decree, national freighters are not yet ready to fully take over the shipment of domestic seaborne cargo.
This is only more evidence of how ignorant the government has been of basic infrastructure, notably coastal shipping services, which are vital for such a vast archipelagic country as Indonesia.
It is understandable if more than 80 percent of our exports and imports are still controlled by foreign vessels, in view of the keen competition in international freight service. But letting around 40 percent of our domestic seaborne cargo remain carried by foreign-flagged ships could inflict severe damage to our economy.
Inter-island shipping provides input to the national economy both through the transport of commodities used in manufacturing and through the distribution of finished goods. Put another way, efficient and extensive coastal shipping services deepen the economic integration and linkages between all the major islands.
We therefore find it hard to understand why the government has not made concerted efforts to empower the national shipping and shipbuilding industries through well-coordinated policies involving banks, shippers (manufacturers) and other related parties.
Cabotage relaxation could benefit the economy through wider access to lower freight rates, because international bulk ships usually have much larger capacities. Moreover, many bulk ships servicing Australia’s exports of coal, iron ore, wheat, alumina and sugar to South Korea, India and Japan and even Indonesia arrive in Australia empty. Hence these freighters can marginally cost their inbound capacity at rates national freighter companies cannot compete with.
But we should look beyond the short-term benefits. Heavy dependence on foreign vessels for our domestic cargo makes our economy vulnerable to a sudden disruption of supplies, because foreign bulk vessels select their service routes primarily on the basis of optimizing cargoes and returns. If the government is really serious about improving national economic competitiveness and making the archipelago an economically integrated zone, it has no other choice but to empower the shipping and shipbuilding industries in cooperation with banks, traders and manufacturing companies.
The implementation of the cabotage principle would go a long way in making shipping firms more attractive to bank lending as it would increase the cargo volume for national freighters, which in turn would require more cargo vessels.
The development of coastal freight services has become more imperative now due to the sharp increase in the demand for inter-island shipments of coal, palm oil, petroleum-based products and various other bulk commodities.
For instance, coal shipments alone will more than double into the hundreds of millions of tons within six to 10 years as a result of the building of new coal-fired power plants with a total capacity of 10,000 megawatts in Java, while coal supplies are derived mainly from Kalimantan and Sumatra.
Source: Editorial / The Jakarta Post
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Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal.
“We plan to import 15-16 million tonnes of coal directly from next year,&rdqu ...
Saturday, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays.
BDI INDEX
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Saturday, 30 January 10
INDONESIA TO CONSTRUCT 93 POWER PLANTS IN 2ND PROJECT
The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme.
"With th ...
Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligation ...
Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
* SAfrica seen shipping 75 pct of its coal to Asia in 2010
* Logistics woes hamper SAfrica exports, India imports
India's steam coal imports ar ...
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- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Eastern Energy - Thailand
- The University of Queensland
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
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