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Thursday, 10 January 19
PAKISTAN'S COAL IMPORTS TO SURGE TO 30 MILLION TONS PER ANNUM BY 2020 - CEO, PIB
 Pakistan’s coal imports are estimated to surge to 30 million tons/annum from existing 20 million tons/annum by the year 2020, given the planned expansion of cement manufacturers and coal-based power plants scheduled to come online in a couple of years, Shariq Siddiqui, CEO of Pakistan International Bulk Terminal (PIBT) said.
Talking to The News on Monday, Siddiqui said around 8.0 million tons of coal was imported by cement companies every year, while 12 million tons was imported by power plants including Sahiwal Power Plant and Port Qasim power plants.
The demand by cement manufacturers was estimated to increase by 2.0 million tons, while 8.0 million tons would be required by coal-based power plants by 2020.
“PIBT is the only dirty bulk cargo terminal with state-of-the-art mechanised system having capacity to handle 12 million tons/annum. As the imports surge, we would go for expansion,” Siddiqui said.
The Supreme Court of Pakistan (SCP) in July 2017 imposed a complete ban on coal handling at Karachi Port, and ever since, PIBT was the only terminal handling commercial imports of coal. The power plants have their own coal-import jetties.
“PIBT started operations in July 2017, and has so far running in operational losses. However, planned expansion in the wake of rising demand would help the company’s balance sheet,” Siddiqui added.
Talking about the terminal operations, Siddiqui said, “PIBT empties a 60,000 tons vessel in 30 hours, which used to take around seven days at Karachi Port, thus saving demurrages to shipping line and the importer. Moreover, the mechanised system avoids pilferage and environment hazards.”
He said a proposal had been forwarded to the Ministry of Railways for laying four kilometre train tracks connecting PIBT to Juma goth junction, which, he added would facilitate coal transportation a lot.
It is worth noting that a vessel has to pay demurrage to the tune of $14,000/day at Karachi Port and this expense is borne as per the arrangement between the importer and the shipping company.
An importer said about 60 percent of the coal imported was transported to cement manufacturers in the northern region, and shifting of coal handling from Karachi Port to Port Qasim eased this transportation.
Coal handling at Port Qasim also generates revenue for the government, as a royalty of $2.27/ton is imposed by the Port Qasim Authority (PQA), which was absent at Karachi Port.
Shariq Siddiqui suggested that clinker export handling should also be banned at Karachi Port as this commodity was even more hazardous for environment and human health than coal.
“Switching of coal handling from Karachi Port has improved environment in Karachi and switching of clinker handling would have even better impact,” he added.
Source: The News
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Monday, 24 December 18
DRY BULK MARKET: CAPESIZE MARKET ON BACKFOOT AS 2018'S END DRAWS NEAR - THE BALTIC BRIEFING
Capesize
Panic set in in the East as the holiday season approaches, with owners chasing rates lower. Rates on the key West Australia/China route ...
Friday, 21 December 18
4.2 MILLION DWT OF DRY BULK SHIPS SCRAPPED UNTIL 17 DEC, DOWN 71.6% Y/Y - BIMCO
2018 has been a slow year for dry bulk demolitions, with only 4.2 million DWT scrapped (as of 17 December), down 71.6% compared to last year. An al ...
Thursday, 20 December 18
INDONESIAN COAL PRICES DIVERGE FROM KEY BENCHMARK - FITCH RATINGS
The Newcastle 6,000kcal coal price benchmark that is widely used to determine most coal price estimates for Indonesian coal miners has increasingly ...
Wednesday, 19 December 18
CHINA'S IMPORT RESTRICTIONS ON COAL SPOILS THE PARTY FOR PANAMAXES - DREWRY
The Chinese government’s objective of suppressing coal and lignite imports in November and December 2018 is adversely impacting demand for Pa ...
Wednesday, 19 December 18
GLOBAL COAL DEMAND SET TO REMAIN STABLE THROUGH 2023, DESPITE HEADWINDS - IEA
While global coal demand looks set to rise for the second year in a row in 2018, it is forecast to remain stable over the next five years, as decli ...
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- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Mjunction Services Limited - India
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- GMR Energy Limited - India
- The University of Queensland
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
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