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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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Thursday, 22 April 10
INDONESIAN COAL PRICE REFERENCE FOR MARCH 2010 - US$ 86.64/T
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has begun publishing a monthly coal price reference (HBA) to be use ...
Thursday, 22 April 10
NEED TO IMPORT 82 MT COAL IN FISCAL - INDIA COAL MIN
Indian Express reported that, anxious to bridge the ever-widening gap between the rising demand for coal and its inadequate supply, the Coal Ministr ...
Thursday, 22 April 10
DRY CARGO DEMAND EXPECTED TO INCREASE, FAVORING HIGHER FREIGHT RATES
Increased dry bulk cargo demand is expected to become the norm in the coming weeks and months, according to analysts, which in turn should sustain f ...
Thursday, 22 April 10
INDIA'S BORL SEEKS TO BUY INDONESIAS LOW - SULFUR COAL
COALspot.com: Bharat Oman Refineries Ltd, a joint venture company (promoted by Bharat Petroleum Corporation Ltd, India and Oman Oil Company Lt ...
Wednesday, 21 April 10
INDONESIA SHIPPED 13.24 PERCENT MORE COAL IN MARCH THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 27,615,191 MT of coal in March 2010, compare to 24.38 million tons in January and ...
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- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Economic Council, Georgia
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
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