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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, 20 February 12
COAL BOOM AND ENVIRONMENTAL CONCERN - SUNIL K KUMBHAT
COALspot.com - The dawn of the 21st century has seen a shift in the world's commercial balance of power, with the dominance of the US, Europe and J ...
Sunday, 19 February 12
THE SPOT FIXTURE RATES WERE REPORTED AT HIGH LEVELS - VISTAAR
COALspot.com - "The markets seems to holding back this week appears the momentum which picked up last week may slow down" - Capt. Reddy of ...
Sunday, 19 February 12
INDIKA ACQUIRES MULTI TAMBANGJAYA - INSIDER STORIES
Insider Stories reported that, PT Indika Energy Tbk (INDY) announced that wholly-owned subsidiaries have signed a conditional sale and purchase agre ...
Friday, 17 February 12
COLOMBIA COAL PRODUCTION, EXPORTS JUMP IN 2011: GOVT - COLOMBIA REPORTS
Colombia Reports reported that, colombia's coal production jumped 15.4% in 2011 to 85.8 million tonnes versus the previous year while exports rose ...
Thursday, 16 February 12
GEARING UP FOR THE EMERGING OIL & GAS OPPORTUNITIES IN MYANMAR
Press Release - Myanmar Ministry of Energy and Centre for Management Technology (CMT) to Co-host MOGP (Myanmar Oil, Gas & Power) Summit on 28 - ...
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- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Posco Energy - South Korea
- White Energy Company Limited
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Australian Coal Association
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
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