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Monday, 17 May 10
NEWCASTLE COAL QUEUES COULD BE HISTORY - THE HERALD
NEWCASTLE'S infamous coal queues could be a thing of the past if a plan to have the ships anchor over the horizon succeeds against the doubts of its critics. Announced in December 2008 and criticised by the coal and shipping industries ever since, the Newcastle Port Corporation vessel arrival system is due to come into force on July 1.
From then on, coal ships will be penalised with a loss of their turn in the queue or be denied entry to the port if they anchor off Newcastle more than two days before they are due to load coal.
Instead of anchoring, as they do now, for a fortnight or more at a time, coal ships on their way south from Japan and other Asian ports will be asked to wait at one or both of two designated drifting areas.
The first is just north of the equator, a few hundred nautical miles north of New Guinea and the other about 120 nautical miles off the NSW coast between Old Bar and Newcastle.
Shipping Australia chief executive Lew Russell said he understood why the port corporation wanted the system but he feared it was destined for the courts.
"This was thought up after the Pasha Bulker storm and they decided the Newcastle anchorage was unsafe," Mr Russell said.
"But now instead of being anchored you've got ships drifting out in the open ocean. I will say the corporation has done a lot of consultation on it and they are well aware of everyone's concerns.
"I hope it works but I think it will end up in court and they'll have egg on their face because they are trying to direct ships to sit north of New Guinea when their jurisdiction ends a few miles outside the port."
The port corporation was unable to comment on the plan yesterday but information sent this week to coal shippers confirms "concern was raised as to the safety of vessels while drifting".
Voluntary trials began earlier this year and the compulsory start was delayed from May 1 to June 1.
"As phase three is introduced vessels will no longer be allowed to anchor until 48 hours prior to their estimated loading time," the corporation said.
The corporation has "suggested drifting areas that are outside shipping lanes" but it warns that shipping masters are responsible for the safety of their vessels.
While high demurrage (or late-loading charges) were also cited as a reason for the vessel arrival system, the corporation concedes the system "does not change the total demurrage pie".
Source: The Herald / Hellenic Shipping
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Tuesday, 10 May 11
DRY BULK MARKET KEEPS ON RISING, OUTLOOK MIXED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched forward once again on Monday, with the Baltic Dry Index rising by 0.6% to 1,348, although the Capesize market was 0.57% l ...
Monday, 09 May 11
THAILAND COAL IMPORTS SURGE IN Q1 - ICAP SHIPPING
Thailand's coal imports leapt 20% in Q1 and the country looks set to import its largest ever volume in 2011 as quoted by ICAP Shipping web site.
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Monday, 09 May 11
KOSPO SEEKING 65KT STEAMING COAL
COALspot.com - Korea Southern Power Co (KOSPO) issues tender for 65000 Mt of Steaming Coal Supply with a minimum CV of 4,500 kcal/kg on NAR basis. D ...
Monday, 09 May 11
INDONESIA HBA FALL BELOW $118
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the May 2011 Indonesian Coal Reference Price for thermal coal at US$ 11 ...
Monday, 09 May 11
DIAN SWASTATIKA Q1 PROFIT SOARS 511 PERCENT - INSIDER STORIES
PT Dian Swastatika Sentosa Tbk (DSSA), parent of coal miner PT Golden Energy Mines, reported a 511.73% jump in net profit for the first quarter of t ...
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- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- The University of Queensland
- White Energy Company Limited
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
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