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Monday, 27 July 09
TAIWAN'S FORMOSA EYES S.AFRICAN COAL FOR Q4: TRADE
Reuters reported that, Taiwan's Formosa Plastics Group is looking to buy two South African thermal coal cargoes for delivery in the fourth-quarter, having already imported 1.2 million tonnes from the country this year.
Trade sources said on Monday that Formosa was seeking a cape-sized cargo each for delivery in the months of November and December, as South African coal prices are now cheaper than Australian supplies by about $18 a tonne.
"They have their own vessels so buying spot cargoes from South Africa is the cheapest option on a landed basis," said an industry source with knowledge of the deals.
The source added that a trading firm has offered November and December cargoes to Formosa at around $66 a tonne.
Formosa has been buying one cape-sized South African coal cargo on a spot basis every month since March and has so far booked shipments until October, bringing total purchases so far this year to 1.2 million tonnes, or eight cape-sized shipments, said two trade sources.
On a landed basis, the conglomerate has been able to secure South African supplies at about $80 a tonne; paying about $63-$65 a tonne on a free-on-board (FOB) basis from South Africa's Richards Bay coal port, while freight rates for the route are at around $16 a tonne.
"That's a huge discount compared to bringing in Australian coal," said a trader.
Thermal coal prices in South Africa have been trading at a discount to Australian material most of this year as demand from Europe -- the country's major market -- shrank amid falling industrial power consumption.
South African coal prices stood at $60.67 a tonne on globalCOAL's RB index on Friday, while Australian coal prices were at $78.04. The indices are based on coal with similar qualities.
South African coal exports to Asia excluding India and Pakistan in January to June were around 1.4 million tonnes, a slight rise from 2008 levels, with China having bought about 150,000 tonnes during this period.
Source: Reuters
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Wednesday, 05 August 09
SMALLER DRY BULK CARRIERS TO FARE BETTER UNTIL THE END OF 2009 - SHIPPING
Marcor Shipping reported that, Smaller ship types are expected to outtake larger ones in dry bulk trade for the period until the end of the year. Th ...
Wednesday, 05 August 09
PEOPLE'S MINING SHOULD BE REGULATED UNDER RPP MINERBA
The Indonesian Institute of Science (LIPI) has called on the government to include a specific provision for people’s mining in the draft govern ...
Tuesday, 04 August 09
SRI LANKA IS LOOKING FOR 650,000 TON OF COAL NEXT YEAR FOR ITS FIRST 900 MW POWER PLANT.
COALspot.com ( Sri Lanka) : Lanka Coal Company Limited was issued a tender on 23 July 2009 to purchase 650,000 +/- 20% MT Bituminous Coal per a ...
Monday, 03 August 09
ONE YEAR CHARTER RATES FOR SUPRAMAX WAS AT AROUND USD 18,500 - VISTAAR SINGAPORE
COALspot.com (Singapore) : The freight market was flat this week with hardly any change in the BDI.The cape was up by about 4 pct and closed at 5,38 ...
Saturday, 01 August 09
APGENCO SAYS BOUGHT 500,000T MALAYSIAN COAL
The Malaysian Insider reported that, Indian state utility Andhra Pradesh Power Generation Corporation Ltd (Apgenco) has bought 500,000 tonnes of Mal ...
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- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
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