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Thursday, 28 February 13
INDIA HAS INCREASED CUSTOMS DUTY AND COUNTERVAILING DUTY FOR POWER PLANT COAL
COALspot.com : The government of India raised basic customs duty and countervailing duty on steam coal. In the meantime government has reduced custom and countervailing duty on Bituminous coal.
Finance Minister of India in his budget speech today, announced a hike in the basic customs duty on steam coal from present Zero to two percent and CVD from one per cent to two per cent. Steam coal also known as thermal coal or power plant coal is mainly used in power generation.
Recently Indian customs officers defined coal with Volatile Matter over 14 percent and calorific value over 5833 kcal/kg on moisture, mineral matter free (DMMF) basis as "Bituminous Coal".
"Prior to today’s announcement, steam coal is exempt from customs duty but subject to one percent concessional CVD. In the meantime, Bituminous coal attracts a duty of 5 per cent and CVD of 6 per cent. The government has equalized the duties on both type of coal and levy two per cent customs duty and two per cent CVD.
According to Media reports, India has imported around 30 million tons of bituminous coal last year against around 50 million tons of steam coal.
"Coal from Indonesian origin has special tax treatment In India. Hence importers of Indonesian coal will not affect significantly by above increase," a coal importer from India said.
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Friday, 15 February 13
SCRAPPING TO RISE AS BULKER OWNERS SUFFER - DREWRY MARITIME RESEARCH
Drewry's latest Dry Bulk Forecaster report suggests that cash-strapped shipowners will scrap younger and younger ships this year as the dry bulk ma ...
Thursday, 14 February 13
HANDY: ATLANTIC "STABLE"; PACIFIC "QUIET" - FEARNLEYS
Handy
The Atlantic remain stable with rates for FH from USG around USD 18k. The Pacific remains quiet due to Chinese New Year holidays. Rates were ...
Thursday, 14 February 13
BIMCO FORECASTS MOSTLY HIGHER DRY BULK RATES FOR THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Higher steel demand is expected to keep dry bulk rates elevated during the next six weeks, according to the latest BIMCO forecast. The Organization ...
Wednesday, 13 February 13
6TH ANNUAL CBM CONFERENCE
The 6th Annual CBM conference which will be held in Singapore on 18-21 June 201 offers comprehensive insights into leading CBM projects in the Asia- ...
Tuesday, 12 February 13
GOVERNMENT DECLARED INDONESIAN THERMAL COAL PRICE INCHES UP IN FEBRUARY
COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in February 2013.
The monthly coal refere ...
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- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
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