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Thursday, 18 March 10
COAL PILING UP AT EAST COAST PORTS ON RAKE SHORTAGE
 Business Line reported that, more than three million tonnes (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakhapatnam and Gangavaram due to non-availability of railway rakes.
This is causing concern to several power houses and steel plants as well as a large number of traders, dependent on coal imports through these ports.
The rake shortage has been caused by slump in arrival of iron ore rakes at the ports, following the Orissa Government's crackdown on illegal mining and pilferage of iron ore in the State's Keonjhar and Nayagarh districts. Following the crackdown, the mining, loading and transportation of iron ore from these districts have come to a halt. As a result, fewer iron ore rakes are now arriving at the ports. The rakes which carry iron ore for exports to the ports are generally used for back-loading of imported cargo, mostly coal, and evacuation of the cargo out of the ports.
Accumulated stock
Paradip is holding about 1.5 million tonnes (mt) of imported coal -- about six lakh tonnes (lt) for power houses and another three lakh tonnes or so for steel plants and the balance for traders. The Visakhapatnam port is holding 1.1 mt, including three lakh tonnes of steam coal used by power houses. The accumulation on account of SAIL alone will be more than five lakh tonnes and the balance for companies such as Vedanta, Tata, Adhunik, Jaiswal Nicco and other plants located in western Orissa.
Gangavaram is holding about eight lt, which is likely to increase by 3.8 lt or so with the arrival of two vessels within the next few days. The bulk of the coal imported through Gangavaram is meant for power houses in Andhra Pradesh and Maharashtra and captive power units of cement plants in these two States.
Paradip port can back-load up to 12 rakes a day but with fewer iron ore rakes now arriving at the port, not more than five to six rakes are available. Visakhapatnam port needs 12-13 rakes a day for back-loading but gets only 9-10 rakes. Gangavaram port's requirement is estimated at seven rakes a day but the availability is around 4-4.5, including three which are dedicated rakes for operation on dedicated circuits.
The problem could have been mitigated to some extent if the Railways had moved empty rakes to these ports to evacuate the accumulated cargoes. “While we do place empty rakes at ports from time to time depending on the exigencies, it is not in our interest to move the empties on large scale, particularly during this time of the year when the demand for wagons is high,” say Railway sources.
Source: The Hindu Business Line - By:Santanu Sanyal
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Thursday, 18 March 10
INDONESIAN COAL PRODUCTION EXPECTED TO BEAT EARLIER FORECAST
The Jakarta Globe reported that, the government expects coal output this year to exceed its initial projection of 250 million metric tons as the dri ...
Tuesday, 16 March 10
INDONESIA ROUND VOYAGES WERE GETTING BETWEEN HIGH TEENS - BRS
Another strong week for the bulk market and rates in all segments are now back above pre-Chinese New Year levels. Atlantic volumes remain robust, an ...
Tuesday, 16 March 10
MADHUCON GETS MINING LICENSE IN INDONESIA
Business-Standard reported that, PT Madhucon Indonesia, a subsidiary of the Hyderabad-based infrastructure company Madhucon Projects Ltd, has been g ...
Monday, 15 March 10
BOB KAMANDANU ON INDONESIAS PEAK COAL PRODUCTION, ENERGY SECURITY AND EXPORTS TO INDIA
Bob Kamandanu, the chairman of Indonesian Coal Producers Association (APBI), said the country has an estimated 50 to 70 years of coal reserves.
T ...
Monday, 15 March 10
CIL BOARD CLEARS 10 PROPOSALS FOR STRATEGIC PARTNERSHIP OR JVS
Economic Times reported that, Towards achieving a global footprint, state-owned Coal India (CIL) is eyeing strategic partnership or joint ventures w ...
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- Ministry of Finance - Indonesia
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- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Parliament of New Zealand
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- Petron Corporation, Philippines
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- Africa Commodities Group - South Africa
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- Trasteel International SA, Italy
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- ICICI Bank Limited - India
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- Interocean Group of Companies - India
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- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
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- Bhoruka Overseas - Indonesia
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- Romanian Commodities Exchange
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
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- Australian Coal Association
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
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- Agrawal Coal Company - India
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- SMG Consultants - Indonesia
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- Savvy Resources Ltd - HongKong
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- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
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- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
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- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
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- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
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- Meralco Power Generation, Philippines
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- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
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- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
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- The Treasury - Australian Government
- SMC Global Power, Philippines
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- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
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- LBH Netherlands Bv - Netherlands
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- Electricity Authority, New Zealand
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- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
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- Mintek Dendrill Indonesia
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