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Tuesday, 10 August 10
COAL CONSTRAINS CORE SECTOR GROWTH IN JUNE 2010
 Growth in the six key infrastructure sectors decelerated for the third month in June. This is primarily due to last year’s high base effect. During April-June 2010, the output rose 4.6% compared to 4.3% in the year-ago quarter.
Coal production, which declined 0.4%, was the biggest drag on the core sector output in the June quarter. Weak growth in coal production in the recent months is a consequence of lower coal offtake. Coal India — India’s largest coal producer — claims it has not been able to get enough rail wagon combinations or rakes to transport the mined coal. Shortage of rail wagons is also resulted in imported coal lying idle in ports. This is likely to affect power, steel and cement sectors as coal is one of the key materials used by these industries.
Crude oil production rose 5.9% during the quarter, mainly due to higher output by private and JV companies, including RIL. Refinery output grew 5.3% on the back of resurgent energy demand in a recovering global economy.
Growth in cement production also moderated to 7% from 12.1% during the year-ago quarter. A better mon-soon in the current year compared to the previous year also led to lower demand for cement by the construction sector. Also, with the Commonwealth Games around the corner, demand for cement from this segment is largely over.
Steel production remained robust on the back of high demand from end use industries like automobiles and capital goods.
As part of the annual plan 2010-11, the planning commission has projected all India demand of coal at 656.31 million tonnes against which the indigenous supply plan is envisaged at 573.42mt with a demand-supply gap of 82.89mt.
Insufficient/poor coal supplies have resulted in a raw material shortage for the power and cement industries. India’s thermal coal imports surged last year to a little less than 60mt from about 30mt in 2008, according to a report by the Macquarie Group. India plans to almost double its power generation capacity by 2012, when the shortage of coal will exceed 200mt.
In order to bridge the demand-supply gap of thermal coal in the country, Coal India plans to import 8mt of thermal grade coal for supplies to NTPC in 2010-11. However, in the absence of adequate infrastructure and expertise in international trade, CIL had nominated MMTC to import on its behalf.
Importing coal is more expensive for India but it is forced to do so, not for the want of reserves, but for the speed at which reserves are developed in India. Commercialising a mine can take 15 years — three times longer than in other countries, according to KPMG.
Buying Overseas
India has traditionally looked to Indonesia for imports. Rising domestic demand there and the large volumes involved are prompt-ing Indian companies to look further at mines in Mozambique, Botswana and Australia.
Private power companies — including Tata Power, Reliance Power, GMR Infrastructure and JSW Energy — have acquired coal assets overseas in Indonesia and South Africa. NTPC, the state-owned company, plans to buy mines overseas to source 67% of its imports.
While NTPC plans to directly import coal, cement makers, including ACC, Grasim and Jaypee Cement, have directed Adani Enterprises to import coal for them. Adani plans to import 4 lakh tonnes from Australia’s Linc Energy for Australian $1 billion, state reports.
South Africa and Colombia, which last year were the biggest exporters of steam coal to countries with ports on the Atlantic Ocean, are also boosting shipments to India where they get better prices.
Source:Industry Tracker
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Friday, 12 October 12
INVESTMENT OPPORTUNITIES OCCUR IN THE SECOND HAND VESSEL MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although 2012 has by now evolved into one of the most challenging years for global shipping industry, ship owners are scouting the second hand ship ...
Thursday, 11 October 12
SINGAPORE BASED COAL SOURCE AND SHIPPING BAGS 300K MT IMPORTED COAL SUPPLY CONTRACT FROM TNPL
COALspot.com - India-based paper manufacturer Tamil Nadu Newsprint and Papers Limited has awarded a tender for 300,000 mt of imported steam co ...
Thursday, 11 October 12
PANAMAX : SINCE LAST WEEK RATES HAS FIRMED FOR ALL TRADES - FEARNLEYS AS
Handy
The Atlantic market remains quiet due to lack of cargoes and more supply of ships. Rates from Continent to East Med were around USD 14k and B ...
Thursday, 11 October 12
DRY BULK MARKET STEADY AFTER CHINESE HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market hasn't yet staged a solid rebound after last week's holidays in China, as many would have expected. Indeed, many analysts were ...
Wednesday, 10 October 12
NEW BUILDING MARKET ON A QUIET WEEK, DUE TO ASIAN HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The newbuilding ordering activity has been more than quite during the course of the past week, as a result of holidays in both Korea and China. Acco ...
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- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- The University of Queensland
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
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