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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
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Thursday, 24 June 10
DRY BULK MARKET AT LOWEST POINT IN EIGHT MONTHS
The dry bulk market’s demise has failed to turn around so far this week, with the industry’s benchmark, the Baltic Dry Index (BDI), yest ...
Wednesday, 23 June 10
WILHELMSEN SHIPS SERVICE OPENS NEW OFFICE IN KRISHNAPATNAM PORT INDIA
Wilhelmsen Ships Service has opened a branch office in Krishnapatnam port on the east coast of India according to statement released by company ...
Wednesday, 23 June 10
PTC'S INDONESIAN COAL-MINING FORAY-I: TO INVEST USD 69 MILLION VIA OVERSEAS SPV
Moving ahead with its plans to acquire coal assets abroad, the power trading major, PTC India Limited, has decided to invest a total of USD 69 milli ...
Tuesday, 22 June 10
INDIA HAS REPORTED MORE COAL IMPORTS FROM COLOMBIA
A second consecutive week of sharp corrections for the dry bulk market, although some of the softness could be attributed to Chinese holidays at the ...
Monday, 21 June 10
THE SUPRAMAX INDEX IN THE FAR-EAST (S6 ROUTE) WAS DOWN BY $ 1300 PER DAY - VISTAAR
COALspot.com: The market continued to soften in all sectors last week also with the BDI dropping by 18.07 pct and Cape index by 26.71 pct.
The BD ...
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- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
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