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Wednesday, 08 May 13
PANAMAX VESSELS PROVE TO BE "STARS OF THE MONTH" FOR THE DRY BULK MARKET DURING APRIL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 They have taken a beating on various occasions during the past few years of the dry bulk market's crisis, but the fact remains, that despite the heavy orderbook, Panamax dry bulk carriers, are among the most versatile ship types and this comes in handy when seasonal demand picks up. According to the latest monthly report from shipbroker Intermodal, April was "a very positive month for Panamaxes despite the ever present fears regarding the scheduled for delivery for 2013. A lot of emphasis was placed on the much firmer grain market which allowed for ample of fresh inquiries to surface in the Atlantic basin and empty out much of the tonnage lists that had amassed. This however was only one side of the story, because at the same time and playing a much more significant role with regards to the longer-term prospects of this size segment, we witnessed a much stronger coal trade in the Pacific basin, as many traders were taking advantage of the softening prices for this important dry commodity. China’s and India’s energy appetite is still rising and their preference towards coal fired power plants means strong demand for thermal coal", Intermodal said.
According to analyst George Lazaridis, "Indonesia has been a prime supplier for both these markets for several years now. Being one of the largest exporters of coal worldwide, it is significant that they recently announced stellar results for the first quarter of 2013, with total exports of coal reaching just over 99 million tons (despite the heavy rainfall in the first two months which lead to slower production output) and around 80% of this being exported to two of the biggest importing countries which are China and India. At the same time, the Indonesian Energy and Mineral Resources Ministry estimates that they will close off the year with a record number of close to 400 million metric tons of coal produced, which is a 3.6 per cent increase compared to the 386 million tons output of 2012. All this is in stark contrast to where we were at the end of August last year, were the slowing growth from China had shown an immediate negative impact in shipments from Indonesia. The difference since then is not only the improved economic conditions in China which has led to a ramping up of infrastructure spending and industrial production needs, but also a change in policy by the Indonesian government which has decided to drop its proposal to ban exports of lower-quality grades. This is quite significant as it has helped export volumes increase significantly, while for a more forward looking perspective it will help sustain the country’s exports as 93% of its coal reserves are below top quality", he said.
Lazaridis added that "Australia, the world’s second largest exporter of coal, has also ramped up investment in its coal mining, with several new mining projects underway. The level of investment that has gone into most of these projects shows the high level of commitment that many have in this sector and the promise it holds for further future growth despite the increased competition from alternative sources for power generation such as natural gas.
Japan’s coal imports are set to hit another record this year as most of its major power generation companies are making an effort to curb increased costs through cheaper fuel. Similarly many are expecting Chinese demand to increase from 500 million to 1 billion metric tons by 2030, while this enormous figure doesn’t even take into account any demand increase from other fast paced development countries such as India. It makes you wonder where this kind of growth will be supplied from. At the moment, as it stands, Indonesia, Australia, Russia and the U.S. are the only suppliers capable of producing more than 100 million tons of exports and the only likely candidates to be able to cover this need through their reserves" he stated.
According to Intemodal's analyst, "as it’s of little use to talk about that far ahead and turning our attention once more to the current state of things, it looks as though Panamaxes may well have a better year than was originally expected. There stil an orderbook of 408 vessels (roughly around 22% of the fleet) with 264 of these scheduled for delivery within 2013, nevertheless being a prime mover of coal within the Pacific and as long as the grain harvest in the U.S. and Russia turn out to be significantly better than what was seen in 2012, we may well see more promising rates within 2013", he concluded his monthly statement.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...
Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...
Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...
Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...
Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon.
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- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
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