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Friday, 27 May 16
PET-COKE IMPORTS TO FACE PRESSURE IN INDIA
 COALspot.com: An Indian environmental activist moved the National Green Tribunal seeking ban on the use of all forms of petroleum coke, also called Petcoke, as it emits fine particulate matter (PM), which is harmful to human health, says PTI.
Petroleum coke or petcoke is a carbonaceous solid delivered from oil refinery coker units is a high calorific value solid fuel and is used for power generation by Indian private and public sectors due to its low delivered cost. According to PTI, the petition filed by Pritam Singh has contended that the demand and supply of Pet-coke was increasing at a high rate due to its cheaper cost and better availability compared to coal.
As reported by PTI, according to Ashwani Kumar Dubey, advocate of Pritam Singh "Pet-coke is being consumed by both the private and public sector with a massive growth rate. In FY 2013-14, 2.13 million tonnes were used in the public sector and 9.662 million tons were used by the private sector. However, in FY 2014-15, 2.381 million tonnes were used in the public sector and 12.027 million tonnes were used in the private sector. That approximately 5.81 million tonnes of petroleum coke were imported into the country in FY 2014-2013 as compared to 3.57 million tonnes in FY 2013-2014, thus having the growth rate of 62 per cent."
Indian utilities import Pet coke from the U.S. as well as Saudi Arabia due to its lowest price and high calorific value energy. Indian cement producers burn more Pet coke compared to power producers in India.
If India’s National Green Tribunal decides to ban the use of Pet Coke in India, then there will be short term energy supply disturbance, particularly for Pet coke users as those buyers may face contractual defaults with their respective Pet-coke suppliers as well as ship Owners. Any ban on with immediate effect would affect the vessels which are currently carrying Pet Coke towards India. The plants will also face fuel supply disturbance as those Pet Coke users should look for prompt and alternative high calorific coal to replace Pet coke to keep their factories in operating mode.
According to our market sources in India, some of the Indian Pet Coke users consuming Pet coke without getting amendments to their EC certificates where the approved sulphur level was maximum one percent. The Pet coke used to contain high sulphur content. The same sources told us that, in such case the punitive penalty would be huge and it will affect the bottom line of Pet Coke users in India.
The Indian National Green Tribunal’s decision if favors, environmental activists, the COALspot.com predicts there would be huge demand for higher calorific coal for prompt loading. Any sudden demand for high calorific value coal would push up the global coal price as well as shipping freight to a higher level compared to today’s level.
Commenting on Mozambique coal, our sources in India said, Indian cement, utilities are now accepting coal from Mozambique as coal prices of Mozambique origin were working out cheaper on an evaluation basis compared to current RB2 coal prices.
5500 NAR coal from South African origin coal is offered at around US$ 53 per ton basis CFR East Coast of India, whereas 6100 NAR coal of Mozambique origin is being offered at around US$ 50 per ton for the same destination. Mozambique coal’s volatile matter is around 20%, which is quite low compared to South African coal and Ash content is around 23% which is also quite higher compared RSA coal. However, Indian cement, utilities are now days accepting Mozambique coal without any hesitation due to its price advantages.
South African coal is also slowly losing its grip in India due to its high price levels compare to coal from other sources. According to a market player, RB1 coal is almost out of India and the Mozambique coal will also possibly push out RB2 coal soon if the Mozambique keeps offering the coal at this attractive level. RB3 coal fetching higher domestic price in South Africa, hence it may not look for an export market.
Will Indian National Green Tribunal’s upcoming decision on Pet Coke write a new equilibrium for coal import and demand in India?
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Thursday, 07 April 16
BIMCO AND GIIGNL PUBLISH A GROUNDBREAKING VOYAGE CHARTER PARTY FOR LNG TRADE
BIMCO and the International Group of Liquefied Natural Gas Importers (GIIGNL) have today jointly issued the first definitive voyage charter party & ...
Wednesday, 06 April 16
HOW LONG SHIPPING CRISIS WILL BE; WHEN SHOULD OWNERS EXPECT THE BULK CARRIERS TO BECOME PROFITABLE? - INTERMODAL
It is the consensus that dry bulk shipping has been in a crisis for quite some time now. Bulk carrier values are at historical low levels, therefor ...
Tuesday, 05 April 16
DRY BULK REVISITS 1980S LOWS AND FACES UNCERTAIN LONGER TERM OUTLOOK - MSI | HELLENIC SHIPPING NEWS
With the market near bottom, attention is turning to the length of the downturn, the effect on asset values and the impact of broader demand side c ...
Monday, 04 April 16
THE LOADING, AND SUBSEQUENT DISCHARGE, OF UNSAFE NICKEL ORE - ALL TIME TO 'COUNT' - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
In a recent, published, London arbitration award the English tribunal has held that all time lost as a result of loading, ...
Monday, 04 April 16
INDONESIA CS57 COAL INDEX SLIDES SLIGHTLY WEEK OVER WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin fell 0.07 percent week over week to averaging $38.88 per ton on this past Friday, ac ...
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- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- The University of Queensland
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
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