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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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Sunday, 08 January 12
THARPAK CONSORTIUM FORMED TO DEVELOP MEGA ENERGY COMPLEX IN SINDH PROVINCE, PAKISTAN
Press Release: On January 5th, TharPak, LLC met with officials of the Embassy of Pakistan in Washington DC to introduce and announce the formation o ...
Saturday, 07 January 12
COAL MARKETS SEE FALLING SPOT PRICES
COALspot.com – World’s thermal coal spot prices have slipped this week..
globalCOAL index in Newcastle Port, benchmark for Asian mark ...
Friday, 06 January 12
COAL INDIA LINKED COAL PRICES WITH INTERNATIONAL COAL PRICES
COALspot.com - Consumers of indigenous coal in India to pay International prices in the future. Coal India has recently moved from UHV pricing mecha ...
Friday, 06 January 12
CLARIDEN GLOBAL BRINGS YOU INDONESIA MINING 2012
Capitalizing Business & Investment Opportunities in an Uncertain Market.Press Release - Clariden Global brings you Indonesia Mining 2012, the dedi ...
Friday, 06 January 12
THE PANAMAX MARKET EXPERIENCED A SLOW START TO 2012 - FEARNLEYS AS
Handy
As usual after a holiday owners and charterers both try to get a feel of the market. An Armada of Supras were talking to ballast towards USG, ...
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- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Planning Commission, India
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- White Energy Company Limited
- The University of Queensland
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
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