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Thursday, 22 April 10
NEED TO IMPORT 82 MT COAL IN FISCAL - INDIA COAL MIN
Indian Express reported that, anxious to bridge the ever-widening gap between the rising demand for coal and its inadequate supply, the Coal Ministry today said the country would have to import 82 million tones coal to fire its blast furnaces and power turbines in 2010-11.
In its quest for streamlining growth in the sector, the ministry has also pledged to expedite the setting up of the proposed Coal Regulator by seeking the approval of the union cabinet soon.
Pointing out that the total demand for coking and non-coking coal in 2010-11 has been estimated to be around 653.71 million tones, Coal Minister Sriprakash Jaiswal told The Indian Express that coal imports was imperative to ensure raw material security.
“After a recent review meeting on the sector, we saw that the total coal demand was around 654 million tones. We found that production from all the sources including our behemoth Coal India Limited would be around 572.37 million tones, thereby leaving a gap of nearly 82 MT this fiscal. So imports will have to happen,” Jaiswal argued.
Source: Indian Express (By: Priyadarshi Siddhanta)
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Thursday, 17 February 11
UNCERTAINTY AND VOLATILITY - FEARNBULK
Handy
Recovering market as evidenced by the solid USD 16k/day achieved by a handymax from Continent to east Med with scrap. More short period requ ...
Tuesday, 15 February 11
INDONESIAN COAL FOR HARYANA THERMAL PLANTS - PUNJAB NEWS LINE
To tide over the recurring coal shortage at thermal plants Haryana Power Generation Corporation Limited (HPGCL) has gone for Malaysian coal for its ...
Tuesday, 15 February 11
TONNAGE OVERSUPPLY TO CHOKE FREIGHT RATES IN THE COMING MONTHS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a new report assessing the dry bulk market, BIMCO’s analysis suggests that freight rates for Capesize vessels are likely to remain depresse ...
Sunday, 13 February 11
COAL MARKETS 2011 TO HIGHLIGHT INDONESIAN COAL AND NEW SOURCES OF COAL SUPPLY
“Over 300 senior decision-makers from coal mining, power and trading companies expected to congregate in Singapore”
Press Release - K ...
Sunday, 13 February 11
YEAR OF RABBIT PUSHING FREIGHT MARKET UP
COALspot.com – “The market finally moved up with firmness in all sectors with some positive signs of markets recovering”, said Cap ...
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