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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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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 ...
Monday, 17 May 10
INDONESIA SHIPPED 15.51 PERCENT LESS COAL IN APRIL THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 23,331,542 MT of coal in April 2010, compare to 27.61 million tons in ...
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- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Minerals Council of Australia
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
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