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Friday, 06 July 18
INDIA: GOVT TO RELAX CURBS ON INDIAN FIRMS CHARTERING FOREIGN SHIPS - HINDU BUSINESS LINE
 The Ministry of Shipping is clearly in reform mode. On the heels of the recent relaxation of the cabotage law, which allows foreign flag vessels to operate in Indian waters, it is now set to allow Indian players to charter foreign flag carriers without any pre-conditions.
At present, a foreign ship is allowed to be chartered only — among other conditions — if a suitable Indian ship is unavailable for that purpose at reasonable charter rates.
In fact, the entire chartering rule book is set to see a significant simplification. These measures will increase the shipping capacity in the country, bring down the cost of transportation along the coast and eventually encourage coastal shipping. At present, only 100 million tonnes of cargo is moved along the coast in India, and 80 per cent of it comprises petroleum products, coal and iron ore.
“While we were relaxing cabotage rules, we found restrictive practices in the chartering of foreign vessels. We need to correct this quickly,” Shipping Secretary Gopal Krishna told BusinessLine.
At present, the number of ships available at the right price to carry cargo (both domestic and export-import) along the coast is inadequate, thanks to which people take either the road or rail route. “Once we have ships available at cheaper rates, we will encourage coastal shipping and the overall logistics cost will reduce significantly,” Gopal Krishna said.
An ‘Uber’ for ships
The overall easing of chartering rules, he felt, would give a fillip to entrepreneurship in the sector.
“By opening up, we give chance to our entrepreneurs who do not have enough funds to buy ships to come into the business by chartering a vessel,” he said.
The idea is similar to cab aggregation, which does not require an entrepreneur to own vehicles. “Our attempt is to increase shipping capacity, and a lot of cargo will move on our coast,” he said.
Source: The Hindu Business Line
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Wednesday, 11 April 18
CHINA UTILITIES PLAN NEW COAL IMPORT PRICE INDEX TO CURB VOLATILITY - REUTERS
China’s major utilities are preparing to launch their own coal price index for imports, an official at China Huaneng Group said, in a move th ...
Wednesday, 11 April 18
US-CHINA TARIFF THREATS RAISE GLOBAL TRADE RISKS - FITCH
Escalating tariff proposals by the U.S. and Chinese governments are increasing the risks of a full-blown trade war, says Fitch Ratings. The most li ...
Tuesday, 10 April 18
BUMA GRANTED ADDITIONAL LOAN FACILITY FROM BTMU TO SUPPORT GROWTH
Press Release: PT Delta Dunia Makmur Tbk. is pleased to announce that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), signed an a ...
Monday, 09 April 18
APRIL INDONESIAN COAL PRICE REFERENCE DROPS TO LOWEST IN 2018
COALspot.com: According to latest ministerial decree, the Indonesian Coal Price Reference (HBA) decline 6.98 per cent in April 2018 compared to Mar ...
Friday, 06 April 18
TOP MINER BHP QUITS WORLD COAL ASSOCIATION OVER CLIMATE CLASH - BLOOMBERG
BHP Billiton Ltd. has severed ties with the World Coal Association over a clash of views on how to combat climate change, with the mining giant say ...
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- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Planning Commission, India
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- PTC India Limited - India
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
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