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Monday, 02 January 12
THE PROMISE OF INDIA: A BRIEF INTERRUPTION? - CLARKSONS / HELLENIC SHIPPING
 Future growth in Indian seaborne coal imports has sometimes been considered as one of the largest potential upsides in the currently oversupplied dry bulk market. However, over recent months the Indian rupee has considerably weakened against the US dollar, making it harder for Indian buyers to import coal, and casting some doubt on the countrys ability to boost the bulk market. Money, Money, Money
The rupee began to weaken significantly against the dollar in August, and reached an all-time low exchange rate of 51.3 rupees to the dollar on 18th November, down from 44.1 on 8th April. The effect on the price of imported coal has been large, as can be seen in the Graph of the Month. Whilst the price of delivered Indonesian coal in dollars has fallen by 7% since the beginning of May to stand at $125/tonne by mid-November, the price in rupees has increased by 7%. India has been the only major Asian coal importing country to have been affected in this way, as the Chinese (as can be seen on the graph) and Japanese currencies have both strengthened slightly against the dollar since the early summer.
Powering Up
India is currently projected to import 129.6 mt of coal over 2011, with imports expected to grow strongly over the next few years. Demand for imported coal has been increasing due to higher steel production, new coal-fired power plants, and a lack of investment in domestic coal mines. In addition, port and infrastructure development is expected to more than quadruple coal handling capacity by 2020, all of which generally leads projections for future coal imports to be bullish. While imports may well still grow strongly over the long-term, recent coal exports to India have fallen, with exports decreasing from 12.7mt in May to 9.7mt in September. This could be related to financial constraints, and currency movements may also affect Indian imports further in the months to come.
No Such Export Luck
A weaker currency also makes a countrys exports cheaper to other nations, potentially raising export levels. However, this benefit may not be as applicable to Indias dry bulk exports.
Whilst India exported 103.1 mt of iron ore in 2010, exports in years to come are extremely unlikely to exceed this level again, after a wave of corruption scandals, export bans and export duty rises have considerably reduced iron ore export volumes. Therefore the weaker rupee is unlikely to bring any such benefits to Indias bulk export industry.
So, the weaker rupee does harm the position of Indian buyers in the global market, and is thus a potentially worrying development for the bulk market in the short-term, especially since little benefit can be expected from more competitive Indian exports. However, Indian development and demand growth are still projected to significantly raise trade volumes over the long-term, even if currency movements are hindering trade at the moment.
Source: Clarksons / Hellenic Shipping
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Monday, 05 March 12
SOUTHGOBI ANNOUNCES AGREEMENT TO SELL ITS THERMAL COAL TSAGAAN TOLGOI DEPOSIT FOR US$ 30 MILLION
SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) announced today an agreement to sell its thermal coal property, the Tsagaan Tolgoi Deposit to Modun Re ...
Monday, 05 March 12
SOME RESOURCE TITANS NOT THRILLED WITH INDONESIAN EXPORT BAN - THE JAKARTA GLOBE
The Jakarta Globe reported that, local representatives of major business associations in East Kalimantan have protested a government regulation that ...
Monday, 05 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
An air of optimism poured in the market this week for dry bulk shippers with the Baltic Dry Index recording daily gains during the end of February b ...
Sunday, 04 March 12
SE ASIA WAS FIRM FOR TRIPS TO INDIA AND CHINA - VISTAAR
COALspot.com - This week saw another upward trend with all indices up and generally market was firm.
The BDI was up by 7.38 pct closing at 771 po ...
Friday, 02 March 12
DJMBP HAS ANNOUNCED SECOND BATCH OF CLEAR N CLEAN CERTIFIED MINERS
COALspot.com - The Directorate general of mineral & coal of Indonesia has announced second batch of companies who have passed IUP Clear and Clea ...
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Showing 4826 to 4830 news of total 6871 |
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- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Latin American Coal - Colombia
- VISA Power Limited - India
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
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