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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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Thursday, 01 March 12
BUKIT ASAM TARGETS EUROPEAN INVESTORS
COALspot.com - PT. Bukit Asam (persero) Tbk, Indonesian state owned coal miner is planning to conduct road show in Europe next week to target at Eur ...
Thursday, 01 March 12
INDO-INDIA, LARGE ECO SUPRA CAN FETCH CLOSE TO USD 9K DOP N.CHINA - FEARNLEYS AS
Handy
The Atlantic Handysize market did not see any signs for recovery this week. It is still a major lack of spot cargoes and an oversupply of pro ...
Wednesday, 29 February 12
69 MINERS AGREE TO RENEGOTIATE CONTRACTS - THE JAKARTA POST
The Jakarta Post, one of the leading English news papaer in Indonesia reported that, as many as 60 coal contracts-of-work (PKP2B) and nine non-coal ...
Wednesday, 29 February 12
PUTTING COAL GASIFICATION TO WORK
Clifford Reese of the SSOE Group looks at practical solutions for district energy leaders who wish to implement clean coal technology.
Coal fuels ...
Monday, 27 February 12
COAL MINING PROFITS TOO HIGH, SAYS GOVT - TEMPO INTERACTIVE
Tempo Interactive reported that, Energy and Mineral Resources Deputy Minister of Indonesia Widjajono Partowidagdo has criticized coal-mining compani ...
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- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- VISA Power Limited - India
- ASAPP Information Group - India
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
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