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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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Friday, 15 October 10
VALUE ADDED TAX FOR COAL TO RE-INTRODUCE IN INDONESIA
COALspot.com: Indonesian government is drafting a ministerial decree to re-introduce value added tax for coal and mineral. Coalindo weekly news lett ...
Thursday, 14 October 10
COAL PRICES AT QINHUANGDAO PORT UP - CAPITALVUE
Capitalvue reported that, prices of steam coal yielding 5,500 kilocalories per kilogram (kcal/kg) in Qinhuangdao Port have risen five yuan to 715-72 ...
Thursday, 14 October 10
DRY BULK MARKET MAINTAINS POSITIVE TREND ON FIRMER CHINESE IRON ORE DEMAND
The dry bulk market has kept its upward trend set since last week, with the industry’s main benchmark, the Baltic Dry Index (BDI) rising to 2, ...
Tuesday, 12 October 10
DRY BULK MARKET LOOKING FOR DIRECTION AFTER WEEK OF CAPESIZE GROWTH
The dry bulk market ended Monday unchanged from Friday’s closing, today standing at 2,695 points. In summary, the capesize and the supramax se ...
Tuesday, 12 October 10
COAL SPOT TRADING MAY SOOTH PRICING CONFLICTS - GLOBAL TIMES
Global Times reported that, Tianjin-based Bohai Commodity Exchange launched steam coal for spot trading for the first time Monday. Steam coal is mai ...
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- Australian Coal Association
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- Ceylon Electricity Board - Sri Lanka
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- Africa Commodities Group - South Africa
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- Parliament of New Zealand
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- Economic Council, Georgia
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- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
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- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
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- Meenaskhi Energy Private Limited - India
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- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
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- Ministry of Finance - Indonesia
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- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
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- London Commodity Brokers - England
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- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
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- Bulk Trading Sa - Switzerland
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- Romanian Commodities Exchange
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- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
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- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
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- The Treasury - Australian Government
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- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- The University of Queensland
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
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- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
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- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
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- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
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- IEA Clean Coal Centre - UK
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
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- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
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- Kumho Petrochemical, South Korea
- Planning Commission, India
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- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
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- White Energy Company Limited
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- Cigading International Bulk Terminal - Indonesia
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