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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, 12 November 09
FOREIGN INVESTMENT IN RUSSIAN COAL SECTOR
Reuters reported that, Russia's coal mines, particularly in the Arctic and Far East, are attracting interest from foreign investors as commodity pr ...
Thursday, 12 November 09
BANPU TO INVEST US$ 466 M
Plan targets 33.5m tonnes of coal per year
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is planning capital investments of ...
Wednesday, 11 November 09
NORTHSTAR TAKES 40 PER CENT OF INDONESIAN MINING COMPANY
AltAssets reported that, PT Northstar Pacific Partners, the Indonesian affiliate of US private equity firm TPG, has taken a 40 per cent stake in Ind ...
Wednesday, 11 November 09
INDONESIAN COAL MINERS SOLD BIG VOLUMES OF 2010 TO CHINA
* China has scooped up large volumes of Indonesian coal
* Total exports to China in 2010 seen to exceed 20 million T
* Chinese, Indian demand may ...
Wednesday, 11 November 09
INDIAN COAL IMPORT FROM SA IN OCTOBER
Reuters reported that India imported 2.4 million tonnes of coal from South Africa's Richards Bay Coal Terminal in October 2009, 35% of the total of ...
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- White Energy Company Limited
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
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- Goldman Sachs - Singapore
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- Commonwealth Bank - Australia
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- Jaiprakash Power Ventures ltd
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- Banpu Public Company Limited - Thailand
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- Binh Thuan Hamico - Vietnam
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- Alfred C Toepfer International GmbH - Germany
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- Global Coal Blending Company Limited - Australia
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- Parliament of New Zealand
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- Tamil Nadu electricity Board
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- McConnell Dowell - Australia
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- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
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- Kaltim Prima Coal - Indonesia
- The University of Queensland
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- Thai Mozambique Logistica
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- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
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- Price Waterhouse Coopers - Russia
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- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
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- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
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- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
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- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
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- Antam Resourcindo - Indonesia
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- Bangladesh Power Developement Board
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- Ambuja Cements Ltd - India
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- Miang Besar Coal Terminal - Indonesia
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- AsiaOL BioFuels Corp., Philippines
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- Wilmar Investment Holdings
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- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
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- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
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