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Monday, 17 May 10
NEWCASTLE COAL QUEUES COULD BE HISTORY - THE HERALD
 NEWCASTLE'S infamous coal queues could be a thing of the past if a plan to have the ships anchor over the horizon succeeds against the doubts of its critics. Announced in December 2008 and criticised by the coal and shipping industries ever since, the Newcastle Port Corporation vessel arrival system is due to come into force on July 1.
From then on, coal ships will be penalised with a loss of their turn in the queue or be denied entry to the port if they anchor off Newcastle more than two days before they are due to load coal.
Instead of anchoring, as they do now, for a fortnight or more at a time, coal ships on their way south from Japan and other Asian ports will be asked to wait at one or both of two designated drifting areas.
The first is just north of the equator, a few hundred nautical miles north of New Guinea and the other about 120 nautical miles off the NSW coast between Old Bar and Newcastle.
Shipping Australia chief executive Lew Russell said he understood why the port corporation wanted the system but he feared it was destined for the courts.
"This was thought up after the Pasha Bulker storm and they decided the Newcastle anchorage was unsafe," Mr Russell said.
"But now instead of being anchored you've got ships drifting out in the open ocean. I will say the corporation has done a lot of consultation on it and they are well aware of everyone's concerns.
"I hope it works but I think it will end up in court and they'll have egg on their face because they are trying to direct ships to sit north of New Guinea when their jurisdiction ends a few miles outside the port."
The port corporation was unable to comment on the plan yesterday but information sent this week to coal shippers confirms "concern was raised as to the safety of vessels while drifting".
Voluntary trials began earlier this year and the compulsory start was delayed from May 1 to June 1.
"As phase three is introduced vessels will no longer be allowed to anchor until 48 hours prior to their estimated loading time," the corporation said.
The corporation has "suggested drifting areas that are outside shipping lanes" but it warns that shipping masters are responsible for the safety of their vessels.
While high demurrage (or late-loading charges) were also cited as a reason for the vessel arrival system, the corporation concedes the system "does not change the total demurrage pie".
Source: The Herald / Hellenic Shipping
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Saturday, 22 May 10
INDUSTRY QUESTIONS STEAM COAL PRICE ANOMALY
Five South Korean utilities have secured a deal for 3.13 million tonnes of Australian thermal coal with a calorific value of 6,080kcal/kg for delive ...
Wednesday, 19 May 10
DRY BULK FREIGHT RATES' RALLY MAY BE SET TO END
The Baltic Dry Index (BDI) has rallied these past couple of weeks, almost touching the 4,000 point mark. But this positive development for dry bulk ...
Wednesday, 19 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE LENGTHENS
Coal shipments from Australia's Newcastle port, the world's biggest export harbor for the fuel used in power stations, rose 2.9 percent last week ...
Tuesday, 18 May 10
THE BDI HIT A FIVE-MONTH HIGH AT THE CLOSE OF LAST WEEK
According to BRS, One of the oldest ship broker, at 3,929 points, the BDI hit a five-month high at the close of last week. The Capesize four time ch ...
Tuesday, 18 May 10
COAL TRADER CHINA QINFA TO BUY TWO BULK CARRIERS FOR 69 MLN USD
China Qinfa Group, a leading non-State-owned coal trader on China's mainland, said Sunday it had signed shipbuilding contracts to pay 69 million U. ...
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- Economic Council, Georgia
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- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
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- Wilmar Investment Holdings
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- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
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- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
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- SMC Global Power, Philippines
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
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- Eastern Coal Council - USA
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- The State Trading Corporation of India Ltd
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- White Energy Company Limited
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- Star Paper Mills Limited - India
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- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
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- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
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- London Commodity Brokers - England
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- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
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- Bhushan Steel Limited - India
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
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- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
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- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
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- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
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- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
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- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
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- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
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- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
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- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
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- Planning Commission, India
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- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
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