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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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Sunday, 24 August 14
SEA FREIGHT MARKETS STARTING TO LOOK POSITIVE; CAPES DRIVE FREIGHTS HIGHER
COALspot.com: The freight market has strengthen further this week with BDI up 7.19 pct week on week. The BDI was closed at 1,088 points while the B ...
Friday, 22 August 14
INDIAN IRON ORE ROYALTY RISE NOT LIKELY TO HURT STEELMAKERS' MARGINS - FITCH
Fitch Ratings does not expect an increase in India's iron ore royalty rates to have a major impact on the profitability of steel producers in t ...
Friday, 22 August 14
ARBITRATION CLAUSE IN LOU HELD TO REPLACE CHARTERPARTY ARBITRATION CLAUSE
KNOWLEDGE TO ELEVATE
The Claimants had claims for cargo damage against the vessel Owners arising under four bills of lading. The vessel was th ...
Friday, 22 August 14
ICAP ENERGY LAUNCHES GLOBAL COKING COAL DERIVATIVES TRADING
First contract completed and cleared on CME
COALspot.com: ICAP Energy, the energy business of ICAP plc, announces today that it has successful ...
Friday, 22 August 14
U.S WEEKLY COAL PRODUCTION UP 2.4% WEEK OVER WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.60 million short tons (mmst) of coal in ...
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- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Heidelberg Cement - Germany
- Parliament of New Zealand
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- London Commodity Brokers - England
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
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