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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, 23 February 10
UAE COMPANY TO ACQUIRE CONTROL OF ALLBOND MAKMUR
The Jakarta globe reported that, Renuka Energy Resources Holding, based in the United Arab Emirates, has signed an agreement to acquire 80 percent o ...
Tuesday, 23 February 10
CIL SHORTLISTS 24 FOREIGN COS FOR JV
India's Economic Times reported that, Coal India has shortlisted 24 foreign firms — six each from the US, Australia, South Africa and Indones ...
Saturday, 20 February 10
THE FREIGHT MARKET CONTINUED TO BE SOFT THIS WEEK - CAPT. REDDY
COALspot.com: The freight market continued to be soft this week as still affect of Chinese new year holidays continue. However the index overall had ...
Friday, 19 February 10
MAKING THE JOINT COOPERATION OF PRIVATE GOVERNMENT IN INDONESIA
COALspot.com - Press Release
1. Revision of the presidential decree 67/2005 has been signed by the President on January 28, 2010 with the public ...
Thursday, 18 February 10
THE INDIAN MARKET IS FIRMING A BIT, DUE TO LACK OF TONNAGE IN THE REGION
HANDY
The BSI still decline as holidays around the world have reduced trading.
...
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- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
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- ICICI Bank Limited - India
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- India Bulls Power Limited - India
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- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
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- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
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- Orica Mining Services - Indonesia
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- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
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- Banpu Public Company Limited - Thailand
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- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
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- Australian Coal Association
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- Bulk Trading Sa - Switzerland
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- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Planning Commission, India
- Singapore Mercantile Exchange
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- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
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- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
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- Coal and Oil Company - UAE
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- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
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- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- White Energy Company Limited
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
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- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- ASAPP Information Group - India
- Dalmia Cement Bharat India
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- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
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- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
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- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
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- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
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- McConnell Dowell - Australia
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