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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, 17 January 10
THE FUTURES FOR THREE YEARS (2010 - 2012) FIRMED UP - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market was a bit mixed with BDI up by about 159 points and closed at 3,299 points.
BDI
The cape index cont ...
Sunday, 17 January 10
NTPC TO DOUBLE CAPACITY BY 2017
NTPC, which will launch its follow-on public offer on February 3, plans to more than double its generating capacity to over 70,000 mega watts by 201 ...
Saturday, 16 January 10
HANDY CONTINUED FIRM CONDITIONS FOR MARKET IN THE ATLANTIC
HANDY
Continued firm conditions for the Handymax / Smax market in the Atlantic with the BSI having a continued upwards momentum. US$ 45,000 ac ...
Friday, 15 January 10
INDONESIA COAL - HEAVY RAINS HAVE LITTLE IMPACT ON COAL OUTPUT
Coal shipments from Indonesia's main coal-producing area are unlikely to be hit by heavy rains during January-February as many miners are prepared ...
Friday, 15 January 10
GOVT BRINGS IN DOMESTIC COAL MARKET OBLIGATION
The Energy and Mineral Resources Ministry has issued a ministerial decree requiring producers of coal and other minerals to allocate a proportion ...
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- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- PTC India Limited - India
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Parliament of New Zealand
- White Energy Company Limited
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
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