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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, 15 May 10
THE AVERAGE CHARTER HIRE FOR CAPE REACHES US$ 49,931 PER DAY - VISTAAR SINGAPORE
COALspot.com: "The freight market was extremely buoyant this week with BDI almost up by 9 pct and the market was very firm in Feast/SE Asia sec ...
Saturday, 15 May 10
DRY BULK MARKET POSTS HEALTHY WEEKLY GAINS
The dry bulk market has reached new highs this week, the second consecutive solid one, with the industry’s benchmark, the Baltic Dry Index (BD ...
Friday, 14 May 10
JSW BUYS COAL MINES IN US, PRODUCTION STARTS IN SEPT
JSW Steel on Friday said it has completed $100 million acquisition of coking coal assets in the US and will start production from September to parti ...
Friday, 14 May 10
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL PROJECTS - PROACTIVE INVESTORS
Proactive Investors reported that, Kangaroo Resources (ASX: KRL) is preparing to complete the acquisition of its five outstanding Indonesian coal pr ...
Thursday, 13 May 10
CHINA CONCERNS TO TEST RAW MINERALS - THE AUSTRALIAN
The Australian reported that, COMMODITY prices will remain volatile and drop from recent highs as China's appetite for raw materials softens. James ...
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- Bangladesh Power Developement Board
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Marubeni Corporation - India
- Parliament of New Zealand
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- The University of Queensland
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
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