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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, 13 July 10
FURTHER LOSSES FOR BALTIC DRY INDEX ON HIGH VESSEL SUPPLY
The dry bulk market can’t catch a breath, as it has now entered the 7th straight week of losses. The industry’s benchmark, the Baltic Dr ...
Sunday, 11 July 10
OVERALL NO OR NEGLIGIBLE IMPACT IN ARUTMIN MINE - BUMI
COALspot.com: Bumi denies the media reports on an impact of unusually rains on coal production in BUMI mines.
"Arutmin is being impacted by ...
Saturday, 10 July 10
FREIGHT MARKET SITUATION MAY CONTINUE FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: The market continued to soften further with the cape and panamax index down by about 20 pct and closed at 2,102 and 1,944 points respe ...
Saturday, 10 July 10
STC OF INDIA TO ASSOCIATE WITH FUEL SUPPLIERS
COALspot.com: State Trading corporation of India, which is under Ministry of Commerce, has invited Expression of Interest from coal suppliers ...
Saturday, 10 July 10
SCOMI TO SELL STAKE IN INDONESIA OPS - THE STAR
The star online reported that, Scomi Marine Bhd will sell a stake in its marine logistics business in Indonesia to a large Indonesian company to dea ...
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- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Australian Coal Association
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
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