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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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Wednesday, 22 September 10
DRY BULK MARKET SENTIMENT TURNS SOUTH AS IRON ORE DEMAND DECLINES
The dry bulk market has once again turned the tide, with the industry’s benchmark, the Baltic Dry Index (BDI) turning south during the previou ...
Monday, 20 September 10
MMTC SEEKS TO BUY 1.3 MT OF COAL FOR INDIA UTILITIES - SXCOAL
MMTC Ltd., India’s largest state- owned trading company, is seeking bids for the supply of 1.3 million tonnes of coal to feed power plants run ...
Monday, 20 September 10
KANGAROO RESOURCES SIGNS PARTNERSHIP WITH ASEAMCO FOR INDONESIAN COAL ASSETS - PROACTIVE INVESTORS
International coal producer Kangaroo Resources (ASX: KRL) has completed a new three-year agreement with Australian mining consultants ASEAMCO to del ...
Monday, 20 September 10
ICVL LOOKS FOR COAL ASSETS IN UZBEK, INDONESIA, AUSTRALIA - ECONOMIC TIMES
Economic Times reported that, International Coal Ventures, or ICVL, the special purpose vehicle floated by five state-owned firms to scout for coal ...
Monday, 20 September 10
IRON-ORE SHIPPING DEMAND MAY GAIN ONCE CHINA STEEL CUTS FINISH, SSY SAYS
Demand to transport iron ore may rebound once China ends steel-production cuts and steel prices may gain in the next several months because of the r ...
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- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- The University of Queensland
- PTC India Limited - India
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Australian Coal Association
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
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