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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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Saturday, 08 May 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND PANAMAX / $ 21500 & SUPRAMAX / $ 18500 PER DAY - VISTAAR SHIPPING
COALspot.com: The BDI continued to go up and was up by 7.57 pct even though the stock markets was severely affected with worries on Greek debt crisi ...
Saturday, 08 May 10
MAHAGENCO TO IMPORT 3.35 MILLION TON OF COAL
COALspot.com: Indian utility Maharashtra State Power Generation Co. Ltd. is in market for 3.35 million tones of imported coal. The purchase of coal ...
Saturday, 08 May 10
NAPOCOR BUYS 122,000 TONS COAL - ABC CBN NEWS
ABC - CBN News reported that, State-run National Power Corp. (Napocor) said on Thursday it awarded 2 contracts for the supply of a total 122,000 ton ...
Saturday, 08 May 10
RICHARDS BAY COAL SHIPMENTS FALL TO AN 11-MONTH LOW - BLOOMBERG
Bloomberg reported that, Coal shipments from Richards Bay Coal Terminal, Africa’s biggest export facility for the fuel, fell to an 11-month lo ...
Tuesday, 04 May 10
APRIL 2010 COAL PRICE REFERENCE WAS US$ 86.58/T FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has publishing a monthly coal price reference (HBA) to be used by ...
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- Oldendorff Carriers - Singapore
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- Romanian Commodities Exchange
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- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
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- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
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- White Energy Company Limited
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- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
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- Toyota Tsusho Corporation, Japan
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- Economic Council, Georgia
- VISA Power Limited - India
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- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
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- Ministry of Mines - Canada
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- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
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- McConnell Dowell - Australia
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- SMC Global Power, Philippines
- Planning Commission, India
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- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
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- Parliament of New Zealand
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- Orica Australia Pty. Ltd.
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- Mintek Dendrill Indonesia
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- Georgia Ports Authority, United States
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- Petrochimia International Co. Ltd.- Taiwan
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- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- The University of Queensland
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- Kohat Cement Company Ltd. - Pakistan
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- Samtan Co., Ltd - South Korea
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- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
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- The State Trading Corporation of India Ltd
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