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Monday, 16 August 10
INDIA'S TNPL TO SUPPORT TNEB WITH COAL SUPPLIES
 COALspot.com: TNPL to award 300,000 MT of coal supply contract to Nehel General Trading of India. Tamil Nadu state undertaking , Tamil Nadu News Print Limited a seasoned and professionally run company to award a spot contract for six Supramax shipments to Nehel General Trading of India. Nehel Trading was quoted lowest price of US$ 79.53 per ton CIF Tuticorin / Ennore for Calorific value of 6000 kcal/kg GAD and Total Moisture 15% (arb), against TNPL’s recent coal tender, industry sources said.
Indonesian coal likely to be supplied to TNPL against the recent tender. There were Ten Indian coal trading companies were qualified to participate in the recent tender calling for 300,000 mt of imported coal. TNPL used to source coal from a combination of E- Tender and closed tender which they have been successfully doing for the past several years. Bidders in the recent tender were MSTC, Star Coal, Phoenix, Coastal Energy, Nehel General trading, Adani, Rudhra Energy, Knowledge Infrastructure, Gupta coal and Bhatia International. Nehel was quoted at US$ 79.53 per ton CIF Tuticorin / Ennore and followed by Adani at US$ 79.62 per ton just 9 US cents higher than Nehel's price. However, the 3rd lowest price was around US$ 10 higher than the first two lowest bidders, industry players further said.
Indonesian coal prices are expected to Increase in next month due to tight availability because of unseasonal rains affected coal producing areas in Indonesia, according to Indonesia coal Mining Association. “The freight market is expected to remain firm for next couple of weeks, as the iron ore movement is likely to increase”, said Capt. Reddy, Director of Vistaar Shipping, a ship operator in Singapore and India. Hence coal prices on FOB as well as CNF are seem to be increased coming weeks.
There was a rumors in the market that, TNPL was buying coal through the reccent tender on behalf of Tamil Nadu Electricity Board, the Tamil Nadu state owned electricity generator. This is further evidenced by TNPL’s tender documents mentions that disport may be Ennore or Tuticorin. TNEB used to unload the cargo through Ennore port and TNPL used to be receiving cargo either Tuticorin or Karaikkal port. Also market sources point out that MMTC, Indian government owned trading house, was a long-term sole supplier of TNEB, couldn’t provide supplies due to delay in MMTC’s EoI finalization formalities.
However, the recent calling of 300,000 ton of coal supply tender by TNPL is for TNEB or not is unknown.
Also the Indian trade sources says that if TNPL supplies coal to TNEB then EB would get fair prices and coal bill of EB may give relief to EB which overburdened with losses. MMTC used to supply coal to EB on index plus basis which resulted recent shipments at $100 plus whereas TNPL was successfully purchased millions of tones on firm price basis and always got lowest prices compared to other power utilities in India.
We further understand from trade circles that, TNEB’s PSU enquiry ( MMTC, STC, MSTC and PEC ) was floated few days back and be closes by 16th August 2010. Trade circles are eagerly watching for the results. In addition, they said whether the latest TNPL tender price of US$ 79.53 has any impact or reflection to TNEB’s new inquiry which TNEB was calling for 500 k MT coal supplies through PSUs.
It looks that consumers in india are getting wiser and consolidating their requirements and enhancing their capabilities of bargaining.
About TNPL
Tamil Nadu Newsprint and Papers Limited (TNPL) was established by the Government of Tami Nadu during early eighties to produce Newsprint and Printing & Writing Paper using bagasse, a sugarcane residue, as primary raw material. The Company commenced production in the year 1984 with an initial capacity of 90,000 tonnes per annum. Over the years, the production capacity has been increased to 245,000 tonnes per annum and the Company has emerged as the largest bagasse based Paper Mill in the world consuming about one million tones of bagasse every year. The co is swapping other private units bagasse with supply of equivalent coal. There by tthe additional supplies of bagasse being put to use for high value bagasse pulp used for paper. By this process tnpl is saving huge forex and developing by leaps and bounds.this model of tnpl has been well appreciated by intll industrial circles. The Company is in the process of implementing the Mill Expansion Plan for increasing the capacity to 400,000 tonnes per annum from July
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Monday, 12 October 15
DRY BULK SHIPPING: MARKETS ARE SLOWLY IMPROVING FROM A VERY LOW LEVEL AS THE DEMAND SIDE FALTERS - HELLENIC SHIPPING NEWS
The dry bulk market is in the midst of a shift in demand patterns, which coupled with a tonnage supply overhang, has been facing headwinds over the ...
Monday, 12 October 15
BDI WEIGHED DOWN BY CAPE
COALspot.com: The BDI (Baltic Dry Index) has come back down again this week. The BDI is a benchmark index used to assess the overall cost of moving ...
Sunday, 11 October 15
TANKER SHIPPING: MORE OPTIMISM IN SIGHT FOR TANKERS IN THE WINTER SEASON - BIMCO
Demand:
2015 has been the year of the tanker. The fundamental improvements with slow supply-side growth for some years coupled with low oil pri ...
Friday, 09 October 15
US WEEKLY COAL OUTPUT UP 1.2 PERCENT TO 17.7 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.7 million shor ...
Thursday, 08 October 15
CAPESIZE: MOST PEOPLE AGREE A SPIKE IN RATES WILL HAPPEN; WHEN, HOW LONG AND HOW SUBSTANTIAL? - FEARNLEYS
Cape
Depressives start of the fourth quarter, with c3 approaching USD 12 pmt and c5 presently in the mind 5's. According to Fearnleys ship br ...
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- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Australian Coal Association
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- The University of Queensland
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- PTC India Limited - India
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Coal and Oil Company - UAE
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