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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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Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 1 ...
Thursday, 21 January 10
HANDYMAX - SHORT PERIOD OWNERS IDEAS ARE AROUND MID/LOW 20S - FEARNLEYS AS
HANDY
The BSI moved in a downward direction since last Friday reflecting minor a ...
Thursday, 21 January 10
ASF GROUP TO COMMENCE COAL SALES TO CHINA BY FEBRUARY 2010
Sydney-based China energy and resource conduit, ASF Group has struck an agreement to supply coal to China.
In September 2009, ASF announced a ven ...
Thursday, 21 January 10
INDONESIA BUKIT ASAM AGREES ON LOWER COAL PRICE
Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk has agreed with a local power plant to set 2010 coal prices at 23 percent lower than ...
Thursday, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations ...
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- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
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- The University of Queensland
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
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- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
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- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Australian Coal Association
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