COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.S. dollars for construction of two 82,000-DWT bulk carriers. In a statement filed to the Hong Kong stock exchange, China Qinfa said two of its wholly-owned subsidiaries -- namely Harbor Well and Merit Sino -- had each signed a contract with the Guangzhou Longxue Shipbuilding company, owned by the China State Shipbuilding Corporation. Each of the contract was worth 34.5 million U.S. dollars.

Qinfa said the cost would be funded partly by bank borrowings and partly by the company's internal financial resources.

The company said the purchasing of two bulk carriers was " consistent with the Group's medium-term strategy to improve the overall efficiency of the Group's fleet."

Qinfa also said it was a suitable time for the construction of two new vessels since current construction cost was about 50 percent less than the highest level in 2008.

The two vessels can enhance its ability to control ship transportation cost and mitigate the risks on the fluctuations in the ship transportation cost, it added.

Qinfa's diversified coal business involves purchase, filtering, blending, storage, transportation, sales and shipping of coal on the mainland. It was listed in Hong Kong in July last year.
Source: Xinhua / Hellenic Shipping



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...


Wednesday, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...


Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
  Souce: Insider Stories Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...


Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
  Source: Insider Stories   Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...


Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...


   1141 1142 1143 1144 1145   
Showing 5711 to 5715 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Peabody Energy - USA
  • Kalimantan Lumbung Energi - Indonesia
  • PLN Batubara - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • HSBC - Hong Kong
  • Price Waterhouse Coopers - Russia
  • Credit Suisse - India
  • Simpson Spence & Young - Indonesia
  • CoalTek, United States
  • Mitra SK Pvt Ltd - India
  • Orica Mining Services - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Coaltrans Conferences
  • Glencore India Pvt. Ltd
  • bp singapore
  • OCBC - Singapore
  • Jatenergy - Australia
  • Adani Power Ltd - India
  • Petron Corporation, Philippines
  • Infraline Energy - India
  • Geoservices-GeoAssay Lab
  • Thiess Contractors Indonesia
  • DBS Bank - Singapore
  • Agrawal Coal Company - India
  • Heidelberg Cement - Germany
  • Bahari Cakrawala Sebuku - Indonesia
  • Tata Chemicals Ltd - India
  • J M Baxi & Co - India
  • Bangladesh Power Developement Board
  • Lanco Infratech Ltd - India
  • globalCOAL - UK
  • Jindal Steel & Power Ltd - India
  • ACC Limited - India
  • Parry Sugars Refinery, India
  • Kartika Selabumi Mining - Indonesia
  • Ambuja Cements Ltd - India
  • Malco - India
  • Straits Asia Resources Limited - Singapore
  • Asmin Koalindo Tuhup - Indonesia
  • BRS Brokers - Singapore
  • Bhatia International Limited - India
  • Maersk Broker
  • Directorate Of Revenue Intelligence - India
  • Banpu Public Company Limited - Thailand
  • GB Group - China
  • Coal Orbis AG
  • JPMorgan - India
  • Marubeni Corporation - India
  • Salva Resources Pvt Ltd - India
  • India Bulls Power Limited - India
  • Wood Mackenzie - Singapore
  • Bhoruka Overseas - Indonesia
  • Gujarat Sidhee Cement - India
  • Coal India Limited
  • Kapuas Tunggal Persada - Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • Singapore Mercantile Exchange
  • Ind-Barath Power Infra Limited - India
  • MS Steel International - UAE
  • KPCL - India
  • World Coal - UK
  • GHCL Limited - India
  • Alfred C Toepfer International GmbH - Germany
  • Bank of China, Malaysia
  • Antam Resourcindo - Indonesia
  • Pinang Coal Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • IEA Clean Coal Centre - UK
  • Coalindo Energy - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Commonwealth Bank - Australia
  • Indian School of Mines
  • PTC India Limited - India
  • WorleyParsons
  • Jorong Barutama Greston.PT - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Pendopo Energi Batubara - Indonesia
  • Vedanta Resources Plc - India
  • Sindya Power Generating Company Private Ltd
  • Pipit Mutiara Jaya. PT, Indonesia
  • Inspectorate - India
  • Attock Cement Pakistan Limited
  • IHS Mccloskey Coal Group - USA
  • U S Energy Resources
  • Vitol - Bahrain
  • Cardiff University - UK
  • South Luzon Thermal Energy Corporation
  • Kideco Jaya Agung - Indonesia
  • ANZ Bank - Australia
  • European Bulk Services B.V. - Netherlands
  • Tamil Nadu electricity Board
  • Wilmar Investment Holdings
  • Indorama - Singapore
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Mitsui
  • NALCO India
  • KPMG - USA
  • Fearnleys - India
  • Sojitz Corporation - Japan
  • Bukit Baiduri Energy - Indonesia
  • Trasteel International SA, Italy
  • SASOL - South Africa
  • Formosa Plastics Group - Taiwan
  • Runge Indonesia
  • Samtan Co., Ltd - South Korea
  • Energy Link Ltd, New Zealand
  • McKinsey & Co - India
  • Meenaskhi Energy Private Limited - India
  • London Commodity Brokers - England
  • Romanian Commodities Exchange
  • Platou - Singapore
  • Humpuss - Indonesia
  • Chamber of Mines of South Africa
  • Iligan Light & Power Inc, Philippines
  • PLN - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Cosco
  • Baramulti Group, Indonesia
  • Altura Mining Limited, Indonesia
  • Grasim Industreis Ltd - India
  • Central Java Power - Indonesia
  • CNBM International Corporation - China
  • Central Electricity Authority - India
  • Neyveli Lignite Corporation Ltd, - India
  • Jaiprakash Power Ventures ltd
  • Bhushan Steel Limited - India
  • Semirara Mining and Power Corporation, Philippines
  • GNFC Limited - India
  • Sakthi Sugars Limited - India
  • Barasentosa Lestari - Indonesia
  • JPower - Japan
  • GN Power Mariveles Coal Plant, Philippines
  • Cement Manufacturers Association - India
  • BNP Paribas - Singapore
  • Essar Steel Hazira Ltd - India
  • Barclays Capital - USA
  • Uttam Galva Steels Limited - India
  • Mjunction Services Limited - India
  • Berau Coal - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Toyota Tsusho Corporation, Japan
  • Power Finance Corporation Ltd., India
  • Indogreen Group - Indonesia
  • Africa Commodities Group - South Africa
  • VISA Power Limited - India
  • EMO - The Netherlands
  • UBS Singapore
  • Russian Coal LLC
  • Deutsche Bank - India
  • Indian Oil Corporation Limited
  • Arch Coal - USA
  • Coeclerici Indonesia
  • Mechel - Russia
  • Maruti Cements - India
  • Noble Europe Ltd - UK
  • Australian Coal Association
  • ETA - Dubai
  • The Treasury - Australian Government
  • Sucofindo - Indonesia
  • Rudhra Energy - India
  • Madhucon Powers Ltd - India
  • Bharathi Cement Corporation - India
  • Japan Coal Energy Center
  • Orica Australia Pty. Ltd.
  • PetroVietnam Power Coal Import and Supply Company
  • Siam City Cement - Thailand
  • LBH Netherlands Bv - Netherlands
  • SMG Consultants - Indonesia
  • Meralco Power Generation, Philippines
  • NTPC Limited - India
  • Britmindo - Indonesia
  • Freeport Indonesia
  • CIMB Investment Bank - Malaysia
  • SRK Consulting
  • Cigading International Bulk Terminal - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Cargill India Pvt Ltd
  • Billiton Holdings Pty Ltd - Australia
  • Riau Bara Harum - Indonesia
  • Eastern Energy - Thailand
  • Bayan Resources Tbk. - Indonesia
  • Carbofer General Trading SA - India
  • Interocean Group of Companies - India
  • KOWEPO - South Korea
  • Anglo American - United Kingdom
  • Electricity Generating Authority of Thailand
  • GAC Shipping (India) Pvt Ltd
  • Independent Power Producers Association of India
  • The University of Queensland
  • IBC Asia (S) Pte Ltd
  • MEC Coal - Indonesia
  • SMC Global Power, Philippines
  • Deloitte Consulting - India
  • The State Trading Corporation of India Ltd
  • International Coal Ventures Pvt Ltd - India
  • Thai Mozambique Logistica
  • Karbindo Abesyapradhi - Indoneisa
  • Siam City Cement PLC, Thailand
  • Lafarge - France
  • SGS (Thailand) Limited
  • Thermax Limited - India
  • Manunggal Multi Energi - Indonesia
  • GVK Power & Infra Limited - India
  • Ministry of Mines - Canada
  • Bukit Makmur.PT - Indonesia
  • Eastern Coal Council - USA
  • Indo Tambangraya Megah - Indonesia
  • Ernst & Young Pvt. Ltd.
  • Asian Development Bank
  • McConnell Dowell - Australia
  • Indonesian Coal Mining Association
  • Inco-Indonesia
  • Tanito Harum - Indonesia
  • New Zealand Coal & Carbon
  • Rashtriya Ispat Nigam Limited - India
  • Kepco SPC Power Corporation, Philippines
  • Latin American Coal - Colombia
  • Dalmia Cement Bharat India
  • Gupta Coal India Ltd
  • Kobe Steel Ltd - Japan
  • Maheswari Brothers Coal Limited - India
  • Shenhua Group - China
  • World Bank
  • TGV SRAAC LIMITED, India
  • APGENCO India
  • Minerals Council of Australia
  • Sarangani Energy Corporation, Philippines
  • The India Cements Ltd
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Idemitsu - Japan
  • PetroVietnam
  • Malabar Cements Ltd - India
  • Core Mineral Indonesia
  • Petrosea - Indonesia
  • Argus Media - Singapore
  • ICICI Bank Limited - India
  • RBS Sempra - UK
  • Miang Besar Coal Terminal - Indonesia
  • Mintek Dendrill Indonesia
  • Port Waratah Coal Services - Australia
  • Moodys - Singapore
  • Indonesia Power. PT
  • Savvy Resources Ltd - HongKong
  • Binh Thuan Hamico - Vietnam
  • Aditya Birla Group - India
  • Bulk Trading Sa - Switzerland
  • Kumho Petrochemical, South Korea
  • Vale Mozambique
  • Permata Bank - Indonesia
  • Energy Development Corp, Philippines
  • Vizag Seaport Private Limited - India
  • Panama Canal Authority
  • Makarim & Taira - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • Global Business Power Corporation, Philippines
  • Timah Investasi Mineral - Indoneisa
  • Mercuria Energy - Indonesia
  • Aboitiz Power Corporation - Philippines
  • PNOC Exploration Corporation - Philippines
  • Parliament of New Zealand
  • Australian Commodity Traders Exchange
  • Larsen & Toubro Limited - India
  • Samsung - South Korea
  • Qatrana Cement - Jordan
  • Arutmin Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Ministry of Finance - Indonesia
  • Semirara Mining Corp, Philippines
  • Sree Jayajothi Cements Limited - India
  • Oldendorff Carriers - Singapore
  • Xstrata Coal
  • Kohat Cement Company Ltd. - Pakistan
  • Sinarmas Energy and Mining - Indonesia
  • Metalloyd Limited - United Kingdom
  • Merrill Lynch Bank
  • Bangkok Bank PCL
  • Enel Italy
  • Therma Luzon, Inc, Philippines
  • EIA - United States
  • Videocon Industries ltd - India
  • CESC Limited - India
  • Directorate General of MIneral and Coal - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Edison Trading Spa - Italy
  • Shree Cement - India
  • White Energy Company Limited
  • TNPL - India
  • Renaissance Capital - South Africa
  • IMC Shipping - Singapore
  • Georgia Ports Authority, United States
  • Posco Energy - South Korea
  • Coal and Oil Company - UAE
  • Global Coal Blending Company Limited - Australia
  • Kaltim Prima Coal - Indonesia
  • ING Bank NV - Singapore
  • Globalindo Alam Lestari - Indonesia
  • TRAFIGURA, South Korea
  • Borneo Indobara - Indonesia
  • TeaM Sual Corporation - Philippines
  • KEPCO - South Korea
  • PowerSource Philippines DevCo
  • Cebu Energy, Philippines
  • Krishnapatnam Port Company Ltd. - India
  • Ministry of Transport, Egypt
  • Indika Energy - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Mercator Lines Limited - India
  • Reliance Power - India
  • Goldman Sachs - Singapore
  • Sical Logistics Limited - India
  • Medco Energi Mining Internasional
  • Electricity Authority, New Zealand
  • ASAPP Information Group - India
  • TANGEDCO India
  • Ceylon Electricity Board - Sri Lanka
  • Mitsubishi Corporation
  • CCIC - Indonesia
  • Intertek Mineral Services - Indonesia
  • Gresik Semen - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Tata Power - India
  • Asia Cement - Taiwan
  • Global Green Power PLC Corporation, Philippines
  • Xindia Steels Limited - India
  • Holcim Trading Pte Ltd - Singapore
  • Maybank - Singapore
  • SN Aboitiz Power Inc, Philippines
  • San Jose City I Power Corp, Philippines
  • UOB Asia (HK) Ltd
  • Total Coal South Africa
  • Indian Energy Exchange, India
  • Thailand Anthracite
  • Clarksons - UK
  • Merrill Lynch Commodities Europe
  • IOL Indonesia
  • Ince & co LLP
  • Adaro Indonesia
  • Cemex - Philippines
  • Standard Chartered Bank - UAE
  • Thomson Reuters GRC
  • Surastha Cement
  • Platts
  • Planning Commission, India
  • Economic Council, Georgia
  • GMR Energy Limited - India
  • Chettinad Cement Corporation Ltd - India
  • Thriveni
  • SUEK AG - Indonesia
  • Rio Tinto Coal - Australia
  • Coastal Gujarat Power Limited - India
  • Gujarat Electricity Regulatory Commission - India
  • Bank of America
  • Star Paper Mills Limited - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong