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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, 27 May 10
DRY BULK RATES REACH 2010 HIGHS, BUT FUTURE REMAINS UNCERTAIN
This week is proving to be a milestone for the dry bulk market, as the Baltic Dry Index has propelled itself at never before seen levels for 2010. Y ...
Wednesday, 26 May 10
ADANI GROUP EYES AFRICA FOR COAL MINING PROJECTS
India Info Line reported that, After acquiring coal mines for importing Indonesian coal to run its thermal power plants in the country, the Adani Gr ...
Wednesday, 26 May 10
DRY BULK MARKET SHOOTS UP, CLOSES IN ON POST-CRISIS ERA HIGHS
In an opposite trend than that of the previous week, the Baltic Dry Index (BDI), a benchmark for tracking costs to haul commodities at sea, shot up ...
Wednesday, 26 May 10
BUMI TO CUT UP TO USD 1 BILLION DEBT IN 12 MONTHS
Press Release : PT Bumi Resources Tbk. announced yesterday that it has revived its intent to issue non preemptive shares and added this to the agend ...
Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 perc ...
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- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
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