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Monday, 09 November 15
INDIAN THERMAL COAL IMPORTS SURGED 18%; COKING COAL 6.31% DURING APRIL-OCTOBER: BUSINESS-STANDARD
 Indian thermal coal imports surged 18% at the country's top 12 major ports to 55.90 million tonnes (MT) in the first seven months of the current fiscal Year.
According to business-standard, these ports had handled 47.23 MT of coal during the April-October period of the last fiscal, 2014-15 and Imports of coking coal, used mainly for steel-making, also jumped by 6.31% to 19.38 MT, as per the latest data with the Indian Ports Authority.
The centre-owned ports had handled 18.23 MT of coking coal in April-October period of 2014-15. Together, these ports handled 75.28 MT coal during the April-October period of the current fiscal as against 65.46 MT in the same period of the previous fiscal, the paper reported.
India is the third-largest producer of coal after China and the US with 299 billion tonnes of resources and 123 billion tonnes of proven reserves, which may last for over 100 years.
India has 12 major ports -- Kandla, Mumbai, JNPT, Marmugao, New Mangalore, Cochin, Chennai, Ennore, V O Chidambarnar, Visakhapatnam, Paradip and Kolkata (including Haldia) -- which handle approximately 61 per cent of the country's total cargo traffic.
The business-standard noted that, thermal coal is used in power generation and with the world's largest miner Coal India, which accounts for over 80% of the domestic requirement, consistently failing to meet its target as well as demand of the firms, the power plants resort to imports.
The business-standard, further reported that, less production coupled with increased demand from power firms is further widening the demand-supply gap in the country, which is likely to widen to 185.5 MT in 2016-17.
The Coal India's coal production rose 9.15% to 273.91 MT during the April-October quarter this year compared to 250.94 MT in the year-ago period. For the current fiscal, CIL's production target has been fixed at 550 MT.
CIL missed the production target for 2014-15 by 3 per cent recording an output of 494.23 MT. The company's output target was 507 MT for the fiscal. In 2013-14, the company had clocked production of 462.53 MT against a target of 482 MT.
The Centre has announced plans to boost Coal India's annual production to the level of 1 billion tonnes by 2019 to meet growing fuel demand.
Goyal had recently said that CIL will invest $20 billion to increase production to one billion tonnes over the next five years.
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Monday, 12 October 15
BDI WEIGHED DOWN BY CAPE
COALspot.com: The BDI (Baltic Dry Index) has come back down again this week. The BDI is a benchmark index used to assess the overall cost of moving ...
Sunday, 11 October 15
TANKER SHIPPING: MORE OPTIMISM IN SIGHT FOR TANKERS IN THE WINTER SEASON - BIMCO
Demand:
2015 has been the year of the tanker. The fundamental improvements with slow supply-side growth for some years coupled with low oil pri ...
Friday, 09 October 15
US WEEKLY COAL OUTPUT UP 1.2 PERCENT TO 17.7 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.7 million shor ...
Thursday, 08 October 15
CAPESIZE: MOST PEOPLE AGREE A SPIKE IN RATES WILL HAPPEN; WHEN, HOW LONG AND HOW SUBSTANTIAL? - FEARNLEYS
Cape
Depressives start of the fourth quarter, with c3 approaching USD 12 pmt and c5 presently in the mind 5's. According to Fearnleys ship br ...
Wednesday, 07 October 15
U.S. COAL EXPORTS FOR THE FIRST SEVEN MONTHS DOWN 21 PER CENT COMPARED WITH THE SAME PERIOD IN 2014 - EIA
Coal Supply
Lower U.S.’s domestic coal consumption and reduced exports contribute to a forecast decline of 89 million short tons (M ...
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- Rio Tinto Coal - Australia
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- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
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- Mercator Lines Limited - India
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- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
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- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
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- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Australian Coal Association
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
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- IEA Clean Coal Centre - UK
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- Ministry of Finance - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- PTC India Limited - India
- CNBM International Corporation - China
- Sical Logistics Limited - India
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- Thai Mozambique Logistica
- Tamil Nadu electricity Board
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- Coal and Oil Company - UAE
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- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
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- Chamber of Mines of South Africa
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
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- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
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- Australian Commodity Traders Exchange
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- Ministry of Transport, Egypt
- Parliament of New Zealand
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- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
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- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
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- Planning Commission, India
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
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- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
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