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Friday, 25 June 10
INDIAS THIRD-LARGEST SHIPPING COMPANY BAGS US$ 31 MILLION DEAL WITH SL
Daily Mirror reported that, Mainboard-listed and India-owned dry bulk shipping firm Mercator Lines says it has won a US$ 31 million contract in Sri Lanka. This is the first time that an international company has entered the dry bulk transportation industry in the country.
Channel News Asia (CNA) quoted the shipper as saying it has entered into a four-year Contract of Affreightment with a State-owned Sri Lankan company but did not name the Sri Lankan firm. Under the contract, Mercator will transport coal annually from Indonesia to Sri Lanka for a period of four years, beginning from the last quarter of 2010.
CNA reported that Mercator would also offer total logistics solution from Indonesia to the customer's point of usage. It says the contract is expected to generate US$ 31 million in revenue over the next four years.
Mercator adds that it is the first International Shipping Company to enter into the dry bulk transportation market in Sri Lanka. This, it says, would certainly give it the first mover advantage for future growth.
Mercator Group is an Indian shipping corporation with diversified interests in transportation, dredging, oil and gas, ship management services, marine logistics and offshore services. Mercator Lines Ltd. is the parent company and is the third largest private sector shipping company in India based in Mumbai.
It has recently forayed into the offshore business with its subsidiaries Mercator Oil and Gas Ltd and Mercator Offshore Ltd. The company was started by H.K. Mittal.
Source: Daily Mirror
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Thursday, 03 June 10
GOVT CONSIDERING IMPORT PARITY PRICE FOR DOMESTIC COAL
The government on June 1 said it is considering to price domestic coal on par with global rates, a move which may increase the cost of the raw mater ...
Wednesday, 02 June 10
SRI LANKA TESTS 1ST COAL POWER PLANT IN SEPT.
Sri Lanka will start testing its first 300 MegaWatt coal power plant in September with plans to connect it to the national distribution grid by Janu ...
Wednesday, 02 June 10
CHINA'S IRON ORE IMPORTS TO KEEP BEING THE BIGGEST FACTOR FOR DRY BULK FREIGHT RATES SAY READERS
With dry bulk freight rates staging a positive rally during most of May, the industry’s main benchmark, the Baltic Dry Index (BDI) has managed ...
Wednesday, 02 June 10
KIDECO TO PRODUCE 29.5 MILLION TONS OF COAL IN 2010
COALspot.com: Kideco to produce 29.5 million tons of coal in 2010 up 4.8 million or about 19 percent up from 2009 production. Kideco produced 24.7 m ...
Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
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- Straits Asia Resources Limited - Singapore
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- The University of Queensland
- Economic Council, Georgia
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- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
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- Indian Oil Corporation Limited
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- Goldman Sachs - Singapore
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- Parliament of New Zealand
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- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
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- European Bulk Services B.V. - Netherlands
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- Global Coal Blending Company Limited - Australia
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- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
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- Anglo American - United Kingdom
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- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
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- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
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- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
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- Mercator Lines Limited - India
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- GMR Energy Limited - India
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- Parry Sugars Refinery, India
- London Commodity Brokers - England
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- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
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- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- New Zealand Coal & Carbon
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- Standard Chartered Bank - UAE
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- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Wilmar Investment Holdings
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- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
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- Renaissance Capital - South Africa
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
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- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
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- Toyota Tsusho Corporation, Japan
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- Price Waterhouse Coopers - Russia
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- Indonesian Coal Mining Association
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- Ministry of Mines - Canada
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- Meralco Power Generation, Philippines
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- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
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