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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, 04 May 10
DRY BULK MARKET SOFTENING AGAIN ON LACK OF DIRECTION
The dry bulk market has put on the brakes once again, after the last session of the Baltic Dry Index ended at 3,354 points, down 5 from the previous ...
Monday, 03 May 10
AUSTRALIA PLANS 40 PERCENT TAX ON MINING PROFITS - THE JAKARTA POST
The Jakarta Post reported that, Australia would heavily tax the booming profits of its mining companies under a tax system overhaul proposed Sunday ...
Saturday, 01 May 10
THE PERIOD ACTIVITY WAS QUITE FIRM DURING THE WEEK - CAPT. REDDY
COALspot.com: The BDI was up by 11.32 pct which was mainly due to the firmness in capsize index which was up by 21.55 pct .
The other sectors Pan ...
Saturday, 01 May 10
EXPANDED SA COAL TERMINAL TO START OPERATIONS ON MAY 1 - MINING WEEKLY
Mining Weekly reported that, In line with expectations, the Richards Bay Coal Terminal (RBCT) had completed the R1,2-billion Phase V expansion ...
Thursday, 29 April 10
SOUTH AFRICAN ROUNDS BACK TO INDIA SUPRAS CAN ACHIEVE AROUND MID 20S
Handy
Atlantic markets remain firm. Supramaxes open in USG are now achieving low/mid&n ...
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- White Energy Company Limited
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
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