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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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Friday, 02 December 11
DRY BULK CARRIERS BACK IN THE SPOTLIGHT AS MARKET SPEEDS UP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the tanker and container markets suffering dearly, it seems that the tide has once again turned in favor of the dry bulk carriers, despite over ...
Thursday, 01 December 11
DRY BULK MARKET RISES TO NEW HEIGHTS ON RENEWED DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept on rising this week, with the industry’s benchmark, the Baltic Dry Index (BDI) climbing to 1,846 points on Wednes ...
Tuesday, 29 November 11
SOUTH AFRICAN COAL INTO CHINA, THE ACTIVITY WAS SLOW - BRS
Capesize
The Capesize market in Atlantic stayed pretty firm last week with transatlantic rounds being fixed in the high twenties. Sentiment was les ...
Tuesday, 29 November 11
GOLDEN GATE BRIDGE OF INDONESIA COLLAPSED AT KUKAR, EAST KALIMANTAN
COALspot.com - A suspension bridge in Indonesia’s east Kalimantan province over the Mahakam river collapsed on Saturday, killing at least elev ...
Tuesday, 29 November 11
BUKIT ASAM SCOUTS RP3 TRILLION PROFIT - INSIDER STORIES
The state-controlled coal miner PT Bukit Asam Tbk (PTBA) expects to post a Rp3 trillion net income this year, reaching its target which is 50% above ...
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- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- The University of Queensland
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- GMR Energy Limited - India
- The Treasury - Australian Government
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
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