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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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Wednesday, 06 January 10
BUMI SHARES UP AS OVERALL PERFORMANCE BEATS PREDICTIONS
The world’s largest thermal coal exporter PT Bumi Resources saw its shares jump 10 percent to Rp 2,675 ($29 US cents) on Tuesday after the com ...
Wednesday, 06 January 10
INDIA MAY HAVE BECOME TOP BUYER OF SOUTH AFRICAN COAL
India may have overtaken Europe for the first time as the biggest purchaser of South African coal in 2009, according to Raymond Chirwa, Richards Bay ...
Wednesday, 06 January 10
COAL PEAK RECEDES INTO THE FAR DISTANCE
COALspot.com (German): Coal will be available to mankind as an energy source for the next 120 years.
The German Coal Importer Association has ca ...
Tuesday, 05 January 10
SUPRAMAX MARKET REMAINED QUIET OVER THE LAST 10 DAYS BRS - DRY BULK
Despite a damp end to the year for bulk rates, shipping has weathered the storm far better than was initially expected in the wake of the financ ...
Tuesday, 05 January 10
WINTER WEATHER SPIKES COAL PRICES - CHINA UPDATE
Cold weather is driving coal prices higher and will lend the advantage in annual negotiations to suppliers, analysts said, predicting that the risin ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
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- Kaltim Prima Coal - Indonesia
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- Cement Manufacturers Association - India
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- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
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- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Australian Coal Association
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
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- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
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- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
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