NEPA Projects launches Indonesian coal shipping venture

NEPA Projects launches Indonesian coal shipping venture

Hong Kong’s NEPA Projects and Investments, through its Global Maritime Services business, will provide a range of commercial shipping services to a conglomerate of 27 Indonesian coal mines.

In 2015-16 the mines in the Indonesian state of Kalimantan are expected to export some 12m tons of coal to India, Korea, China, Japan, Vietnam, Thailand and the Philippines.

Global Maritime Services will source supramax, ultramax and panamax bulk carriers to ship the coal out of Kalimantan. There will also be a requirement for larger ships up to post-panamax size.

“It is a very exciting venture for NEPA Projects, as we were able to work directly with the mine owners to provide a solution for their shipping needs, which means they can now focus on increasing productivity in their core business of sustainably developing their coal reserves,” said Captain Pappu Sastry, director of NEPA Projects and Investments.

“Individually the mines will always find it difficult to manage their shipping requirements, consolidating their shipping businesses means mines would get the benefit of the market freight rates instead of working with traders, especially with depreciation of coal prices worldwide,” NEPA Projects said in a release.

“It has always been our strategy to work with experts outside of our core business,” commented a spokesperson for the mining entities.

 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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