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