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Wednesday, 09 February 11
INDONESIA ALLOWED 60 COAL TRADING COMPANIES TO EXPORT COAL
COALspot.com - A temporary ban imposed on coal traders in January has lifted this week. As of today 60coal trading companies were allowed to resume coal shipments the export market. Since 5th January 2011, all the coal exports through coal trading companies were banned due to lack of supporting regulations. Indonesia's trade ministry instructed surveyors to halt temporarily issuing surveyor reports to traders in the process of reapplying for trading permits under a new coal and mining law.
Minister of energy has signed a new regulation on 4th February allowing director of general of coal and mineral to sign and issue IUP OP KPP to traders.
According to media reports, director general of coal and minerals has already signed 60 permits and forwarded the list of qualified trading companies to trade department. On receipt of the list of IUPOPKPP holders, trade department has instructed independent surveyors to conduct the survey which is one the requirement to apply the export permit from customs office.
“We started pre-shipment survey for coal that belongs to coal traders”, said an independent surveyor.
Indonesian coal mining association claimed that, around 3.5 million tons of coal piled at loading ports due to exports ban on coal traders since early January, and may be cleared within this month. Some coal traders have declared force majeure and some postponed shipments due to new ban coal traders early January. Around 60 to 70 vessels was also anchored in coal loading anchorages and waiting for coal since early January 2011, said stevedoring and shipping agent.
Traders optimized that, they can clear delayed cargoes as soon as possible and other industries, which are integrated to coal loading and transportation also will return to normal after slowing down for almost one month.
Indonesian coal reference price has also jumped significantly in February compared with January 2011. Energy Ministry has declared February ICRP at US$ 127.05 per metric ton, which was 13.03 percent higher than January HBA of US$ 112.40.(CS)
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Thursday, 17 February 11
UNCERTAINTY AND VOLATILITY - FEARNBULK
Handy
Recovering market as evidenced by the solid USD 16k/day achieved by a handymax from Continent to east Med with scrap. More short period requ ...
Tuesday, 15 February 11
INDONESIAN COAL FOR HARYANA THERMAL PLANTS - PUNJAB NEWS LINE
To tide over the recurring coal shortage at thermal plants Haryana Power Generation Corporation Limited (HPGCL) has gone for Malaysian coal for its ...
Tuesday, 15 February 11
TONNAGE OVERSUPPLY TO CHOKE FREIGHT RATES IN THE COMING MONTHS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a new report assessing the dry bulk market, BIMCO’s analysis suggests that freight rates for Capesize vessels are likely to remain depresse ...
Sunday, 13 February 11
COAL MARKETS 2011 TO HIGHLIGHT INDONESIAN COAL AND NEW SOURCES OF COAL SUPPLY
“Over 300 senior decision-makers from coal mining, power and trading companies expected to congregate in Singapore”
Press Release - K ...
Sunday, 13 February 11
YEAR OF RABBIT PUSHING FREIGHT MARKET UP
COALspot.com – “The market finally moved up with firmness in all sectors with some positive signs of markets recovering”, said Cap ...
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- Directorate General of MIneral and Coal - Indonesia
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- Meralco Power Generation, Philippines
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- Simpson Spence & Young - Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Ministry of Finance - Indonesia
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- Directorate Of Revenue Intelligence - India
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- Central Electricity Authority - India
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Australian Coal Association
- Australian Commodity Traders Exchange
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- Bhushan Steel Limited - India
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- Planning Commission, India
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- Parliament of New Zealand
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- Heidelberg Cement - Germany
- Indian Energy Exchange, India
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- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
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- Bayan Resources Tbk. - Indonesia
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- The State Trading Corporation of India Ltd
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