We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
 Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaode, the company's president said yesterday. "We will intensify our cooperation with Shenhua Group to improve the freight capacity for coal", Li, who is also a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), told China Daily on the sidelines of the ongoing conference.
"The first two months have already seen seven million tons of coal shipped," he said, "and we estimate that it will rise to 40 million tons for the whole year."
|
|
“2010 coal demand is likely to rise by 4 to 6 percent over last year to some 3.36 bln tons, and production will increase by nearly 300 mln tons” - National Coal Association, China
|
|
|
As the second largest sea-cargo group in China, China Shipping (Group) Company transported less than 10 million tons of coal for Shenhua Group in 2009, while Shenhua Group, China's largest coal producer, had 159 million tons of its coal shipped in total that year.
According to data from the National Coal Association, 2010 coal demand is likely to rise by 4 to 6 percent over last year to some 3.36 billion tons, and production will increase by nearly 300 million tons.
Efforts to Improve Freight Capacity
However, Li also expressed his concern about the slow recovery of the global economy and its effect on China's exports, and said the company will not adjust its container business this year. Instead, it will concentrate its efforts on improving the freight capacity of oil tankers and bulk carriers.
The shipping capacity of oil tankers will rise by 30 percent to 7 to 7.5 million tons in 2010, and that of bulk carriers will increase by 15 percent to 30 percent to 8 to 8 million tons, he said. Data show that the freight capacity of the company's bulk carriers rose by 10% in 2009 over the previous year.
"By the end of this year, 12 oil tankers each with a carrying capacity of 3 million tons will be put into operation," he said.
The company has also ordered 16 VLOCs (Very Large Ore Carriers), half with a freight capacity of 230,000 tons and half 3 million tons. "Four of the 230,000 ton-capacity VLOCs will be put into use this year," Li added.
No Major M&A Investment in 2010
When asked about the company's overseas merger and acquisition plans for 2010, Li Shaode replied that although there are ample opportunities, right now is not the best time for major investments. "We will have to wait till the next year, when we will pour our money into port construction and logistics," he said.
However, Li did reveal that talks on liquefied natural gas (LNG) transportation between the company and China's two oil giants, China National Petroleum Corporation (CNPC) and China Petroleum and Chemical Corporation (Sinopec), will yield an agreement soon.
As for the global shipping market in 2010, Li said he expects the cargo rates to "rise in the first few months and drop in the last few months," as indicated by the current supply and demand. "So we will try to attract as many as customers as possible in the first half of the year," he said.
Latest Agreements
China Shipping Development, a listed subsidiary of China Shipping (Group) Company, concluded a strategic cooperation agreement with China Datang Corporation (CDT) while China Shipping Container Lines, another listed subsidiary signed a strategic cooperation agreement with China Grain Reserves Corporation (Sinograin) a day later.
Source: China Daily / Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 13 March 10
OPTIMUM COAL AIMS TO RAISE R1,6 BILLION IN LISTING
All Africa reported that, COAL mining and exploration company Optimum Coal yesterday announced plans to list on the JSE at the end of the month ...
Thursday, 11 March 10
THE INDIAN MARKET WAS A BIT QUIET BUT STILL FIRM - FEARNLEYS AS
Handy - Atlantic activity has kept its firm tendency throughout the week for handies, with Atlantic RV´s fixed in the USD.16000 region. With s ...
Thursday, 11 March 10
COAL PRICES SET TO RISE AMID CONFUSION OVER QUARTERLY SYSTEM
Trading room reported that, Coal prices are tipped to rise in coming months amid constrained supply and ongoing Chinese demand, and analysts are con ...
Wednesday, 10 March 10
PROTECTED FORESTS NOW UP FOR GRABS FOR MINING
The Jakarta Post reported that, the government has just issued two new regulations on forests, which could allow protected forests to be used for co ...
Tuesday, 09 March 10
REGULATION NO.23 OF 2010 CONCERNING IMPLEMENTATION OF NEW MINING LAW, PROVIDES MORE CLARITY ON OBTAINING A IUP
COALspot.com: Indonesian government has recently issued another regulation related to Law number 4 of 2009 concerning mineral and coal mining. Two r ...
|
|
|
Showing 5946 to 5950 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- SMG Consultants - Indonesia
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
|
| |
| |
|
