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Monday, 06 August 12
COAL EXPORTS COULD ADD $2B TO $6B ANNUALLY TO U.S. ECONOMY - HELLENIC SHIPPING
Business groups backing Pacific Northwest coal export proposals on Thursday lauded a new report that claims increased U.S. coal exports could bring between $2 billion and $6 billion per year to the U.S. economy.
The report comes from the Energy Policy Research Foundation, a Washington, D.C.-based think tank that focuses on oil-related economic issues.
Around a half-dozen proposals have arisen in Washington and Oregon this year to build export terminals that would shuttle coal from the Powder River Basin of Montana and Wyoming to energy-hungry Asian markets through the Pacific Northwest. Three projects proposed along the Columbia River near Portland represent around $1 billion in private investment.
Proponents laud the economic potential of the projects — Portland barge-makers Gunderson LLC and Vigor Industrial already plan to split $75 million worth of work related to one proposal. But critics are fighting coal exports primarily on two fronts — that they will lead to widespread rail congestion and that any economic gains aren’t worth the damage caused from enabling the increased use of greenhouse gas-emitting power sources.
The Energy Policy Research Foundation report dismissed the criticism.
It called the rail traffic issues “state and local concerns which can be addressed through a number of remedies.”
On the larger environmental issue, the report claims that lower-cost coal from the Powder River Basin isn’t likely to have an effect on coal prices worldwide and neither the volume of world coal combustion or greenhouse gas emissions would change as a result.
Ross Macfarlane, senior adviser for business partnerships at Seattle-based environmental policy group Climate Solutions, said that economic assertion not only isn’t accurate, “it’s in direct opposition to what’s happening in world markets.”
“U.S. coal is moving prices significantly downwards because it is supplanting, in the short term, higher-priced coal from Australia and Indonesia and causing major dislocations,” Macfarlane said.
The report's claim “goes against the basic laws of supply and demand,” he said.
The report was heralded by the Alliance for Northwest Jobs & Exports, a business-backed, pro-coal nonprofit based in Seattle that made its debut last week.
“This report confirms what we already know in the Northwest – we can continue to build on our strong trade heritage, creating thousands of new jobs and millions in new tax revenue for our region, and do it in an environmentally responsible way,” Alliance spokeswoman Lauri Hennessy said in a news release.
Macfarlane said he doesn’t dispute that coal exports will lead to billions of dollars coming into the U.S. economy.
“The question is who will get that value,” he said. “I think it’s clear that most of that value is going to be going into a very small number of pockets and the costs will be borne throughout the region and the world.”
Source: Sustainable Business Oregon / Hellenic Shipping
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Saturday, 25 August 12
FREIGHT RATES ARE EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - This week the indices showed some signs of improvement will all the segments moving up except for the handy size.
The BDI was marg ...
Saturday, 25 August 12
INDONESIAN COAL SWAP REMAINS STABLE AT LOW LEVEL
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery gain 0.804 percent W-o-W on Friday (24 August 2012) closing but lost 0. ...
Thursday, 23 August 12
INDONESIA-INDIA, LARGE ECO SUPRA FIXED AT USD 6K FOR DELIVERY SOUTH CHINA - FEARNLEYS AS
Handy
The market continued the same trend as last week, low activity and holidays in some countries.
Rate wise unchanged, with US Gulf/Continent ...
Thursday, 23 August 12
EGCO GROUP EXPANDS TOWARDS INTEGRATED ENERGY BUSINESS WITH INVESTMENT IN INDONESIAS COAL MINE
Electricity Generating Public Company Limited or EGCO Group, the Thailand’s first Independent Power Producer has continually invaded foreign m ...
Thursday, 23 August 12
EGCO GROUP ANNOUNCES 2 BILLION BAHT PROFITS IN Q2/2012
Successfully Establishes Integrated Energy Business and Strengthen Investments in ASEAN
Mr. Sahust Pratuknukul, President of Electri ...
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- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Australian Coal Association
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- The University of Queensland
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
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