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Saturday, 30 August 14
INDIAN GOVERNMENT SHOULD TAKE NOTICE: THERMAL COAL IMPORT PRICES EXTREMELY LOW - COMMODORE RESEARCH
COALspot.com: Both Indonesian and Australian thermal coal prices are at the lowest levels seen this decade, with Indonesia's monthly benchmark thermal coal price last marked at approximately $70/ton and Australian thermal coal currently selling for approximately $69.50/ton, said Commodore Research & Consultancy in its latest analysis report. These are the lowest levels seen this decade. In addition, the average daily price to charter a panamax vessel now stands at $6,941/day, which is only slightly higher than operating costs.
According to Jeffrey Landsberg, Managing Director of Commodore Research, Indian power plant coal stockpiles have now fallen below 9 million tons, which is a critically low level that is the lowest amount seen in twenty-three months and India is in dire and immediate need of more thermal coal. Commodore Research further noted that, at the same time, Indian electricity demand continues to surge and growth in hydropower production remains much lower than seen in previous years, as India has experienced a much weaker than normal monsoon season this year.
Commodore Research is in view that, there is one favorable element on the side of the Indian government however. Thermal coal import prices are at the lowest level seen this decade and panamax shipping costs are also still low. The time for India to take advantage of low thermal coal import prices (and currently low panamax shipping rates) is now. While India's government has had to contend with critically low power plant coal stockpiles, the nation is very fortunate that both thermal coal import prices and panamax shipping rates are low.
India's citizens should not be left without power. Fortunately for the nation, India's domestic coal supply shortage is coinciding with an environment that is extremely advantageous for thermal coal imports.
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Friday, 26 September 14
NEWCASTLMAXES ARE THE MOST SOUGHT AFTER VESSELS BY SHIP OWNERS TODAY SAYS VESSELS VALUE
KNOWLEDGE TO ELEVATE
Determining a ship’s fair value can be a very tricky business, especially when you’re the one paying. As such ...
Thursday, 25 September 14
LACK OF COAL BUSINESS PUSHING DOWN PANAMAX EARNINGS IN PACIFIC
Handy
In the Atlantic we see rates steady climbing upwards. More coal cargoes out of USG and USEC are helping the TA market which is up some USD ...
Wednesday, 24 September 14
ADARO AGREED TO REDUCE ITS CONCESSION AREA TO 31,379.8 HECTARES
COALspot.com: PT Adaro Energy Tbk (Adaro Energy) today announced that, PT Adaro Indonesia (AI), its wholly owned subsidiary, entered into a M ...
Wednesday, 24 September 14
CAPESIZE: ACTIVITY IN BOTH BASINS WAS UNIMPRESSIVE
COALspot.com: The end of the week prior seems to have marked the tone for the days that followed, with the Dry Bulk market giving up a significant ...
Tuesday, 23 September 14
MEDCO TO INCREASE ITS COAL PRODUCTION NEXT YEAR
COALspot.com: PT Medco Energi Internasional is looking to increase its coal production next year, supported by the launch of operations at its Duta ...
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- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- The University of Queensland
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
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