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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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Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...
Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...
Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedant ...
Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, a ...
Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the c ...
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- Karaikal Port Pvt Ltd - India
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- Attock Cement Pakistan Limited
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- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
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- McConnell Dowell - Australia
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- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
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- Edison Trading Spa - Italy
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- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
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- European Bulk Services B.V. - Netherlands
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- Standard Chartered Bank - UAE
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- Global Coal Blending Company Limited - Australia
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- GAC Shipping (India) Pvt Ltd
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- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
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- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
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- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
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- Indian Oil Corporation Limited
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- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
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- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Australian Coal Association
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
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- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
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- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
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- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
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- Trasteel International SA, Italy
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
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- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
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