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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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- Siam City Cement - Thailand
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- Commonwealth Bank - Australia
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- Thai Mozambique Logistica
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- Interocean Group of Companies - India
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- New Zealand Coal & Carbon
- The University of Queensland
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- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
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- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
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- Goldman Sachs - Singapore
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- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
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- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
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- Metalloyd Limited - United Kingdom
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- Bharathi Cement Corporation - India
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- Wilmar Investment Holdings
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- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
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- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
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- Gujarat Mineral Development Corp Ltd - India
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- Trasteel International SA, Italy
- Edison Trading Spa - Italy
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- GMR Energy Limited - India
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- Cement Manufacturers Association - India
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- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
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- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
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- Medco Energi Mining Internasional
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Minerals Council of Australia
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- Gujarat Sidhee Cement - India
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