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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, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
Tuesday, 06 April 10
ASIAN INVESTORS EYE NIGERIA MARITIME INDUSTRY
Investors from the Asian region are considering investing in the Nigerian maritime sector, which has huge opportunities and potential. One of such p ...
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- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
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