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Friday, 07 June 19
KOEN INVITED BIDS FOR 1.87 MILLION TONS OF COAL FOR JULY - OCTOBER 2019 DELIVERY
KOEN KoreaCOALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 1,700,000 to 1,870,000 Metric Tons (MT) steam coal for the 1st contract year. The successful bidders except Russian origin shall be increased contract volume from CY2 to CY3 up to 150% the quantity offered for CY1. In case of Russian origin, shall be increased volume from CY2 to CY3 up to 130% the quantity offered for CY1.
 
According to the bid notice no. KOEN-Coal-2019-LT03~LT04 terms and conditions, the bidders are required offer 650,000 to 750000 tons of Min. 5,400 NCV coal (TS :Max 0.8%),  Min.4,600 and 
Max.5,200 NCV coal (TS :Max 0.6%) and Min.4,600 and Max.5,000 NCV coal (TS :Max 0.6%) on one single fixed price on FOBT for CY1 (Only Cape). 
 
Shipment Size
Cape:over 130,000MT 
 
Price
One single Origin & Fixed price (USD) based on FOBT
 
Loading Schedule
July to Oct, 2019 
 
Quality (Min.5,400 (TS :Max 0.8%))
Total Moisture (arb) Max. 28%
Volatile Matter (adb) Min 22 
Ash (adb) Max 17%
Total Sulfur (arb) Max 0.8%
Net Calorific Value Min. 5400 Kcal/Kg minimum
 
Quality (Min. 4,600 - Max. 5,200)
Total Moisture (arb) Max. 30%
Volatile Matter (adb) Min 22 
Ash (adb) Max 17%
Total Sulfur (arb) Max 0.6%
Net Calorific Value Min. 4,600 - Max. 5,200
 
Quality (Min. 4,600 - Max. 5,000)
Total Moisture (arb) Max. 30%
Volatile Matter (adb) Min 22 
Ash (adb) Max 17%
Total Sulfur (arb) Max 0.6%
Net Calorific Value Min. 4,600 - Max. 5,000
 
Procurement Method
International e-tender
 
Bid closing date
10:30A.M., 12th of June, 2019 (Korean Standard Time).
 
The Bid documents shall be submitted through the designated e-mail address (warroom1@koenergy.kr) not later than the dead line. The Bidder shall inform KOEN for submission of bid documents by phone (82-70-8898-1321, 1326) no later than bid closing time.


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Recent News

Monday, 08 July 19
INDONESIAN COAL PRICE REFERENCE POSTS BIGGEST MONTHLY LOSS SINCE JANUARY 2017
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...


Monday, 08 July 19
ULTRAMAX: A 52,000-TONNER OPEN CJK FIXED FOR A TRIP VIA INDONESIA WITH RE-DELIVERY CHINA AT $6,100 - BALTIC BRIEFING
Capesize The Capesize market surged over the past week, reaching highs not seen since August last year. Widespread activity in both basins saw ...


Wednesday, 03 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
The global shipping industry is facing numerous challenges at a time when geopolitical turmoil has escalated in view of the recent tension in the M ...


Monday, 01 July 19
COAL DEMAND RISES, BUT REMAINS BELOW PEAK LEVELS - FORBES
This article is the third in a series on BP’s recently-released Statistical Review of World Energy 2019. The Review provides a comprehensive ...


Saturday, 29 June 19
ULTRAMAX: FROM SOUTHEAST ASIA MORE COAL WAS ENTERING THE MARKET - BALTIC BRIEFING
Capesize The market showed variability over the past week, as most routes were active yet sentiment differed from region to region. The Pacific ...


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