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Monday, 02 January 12
THE PROMISE OF INDIA: A BRIEF INTERRUPTION? - CLARKSONS / HELLENIC SHIPPING
 Future growth in Indian seaborne coal imports has sometimes been considered as one of the largest potential upsides in the currently oversupplied dry bulk market. However, over recent months the Indian rupee has considerably weakened against the US dollar, making it harder for Indian buyers to import coal, and casting some doubt on the countrys ability to boost the bulk market. Money, Money, Money
The rupee began to weaken significantly against the dollar in August, and reached an all-time low exchange rate of 51.3 rupees to the dollar on 18th November, down from 44.1 on 8th April. The effect on the price of imported coal has been large, as can be seen in the Graph of the Month. Whilst the price of delivered Indonesian coal in dollars has fallen by 7% since the beginning of May to stand at $125/tonne by mid-November, the price in rupees has increased by 7%. India has been the only major Asian coal importing country to have been affected in this way, as the Chinese (as can be seen on the graph) and Japanese currencies have both strengthened slightly against the dollar since the early summer.
Powering Up
India is currently projected to import 129.6 mt of coal over 2011, with imports expected to grow strongly over the next few years. Demand for imported coal has been increasing due to higher steel production, new coal-fired power plants, and a lack of investment in domestic coal mines. In addition, port and infrastructure development is expected to more than quadruple coal handling capacity by 2020, all of which generally leads projections for future coal imports to be bullish. While imports may well still grow strongly over the long-term, recent coal exports to India have fallen, with exports decreasing from 12.7mt in May to 9.7mt in September. This could be related to financial constraints, and currency movements may also affect Indian imports further in the months to come.
No Such Export Luck
A weaker currency also makes a countrys exports cheaper to other nations, potentially raising export levels. However, this benefit may not be as applicable to Indias dry bulk exports.
Whilst India exported 103.1 mt of iron ore in 2010, exports in years to come are extremely unlikely to exceed this level again, after a wave of corruption scandals, export bans and export duty rises have considerably reduced iron ore export volumes. Therefore the weaker rupee is unlikely to bring any such benefits to Indias bulk export industry.
So, the weaker rupee does harm the position of Indian buyers in the global market, and is thus a potentially worrying development for the bulk market in the short-term, especially since little benefit can be expected from more competitive Indian exports. However, Indian development and demand growth are still projected to significantly raise trade volumes over the long-term, even if currency movements are hindering trade at the moment.
Source: Clarksons / Hellenic Shipping
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Wednesday, 07 March 12
ASSESS ASIAS POTENTIAL, DEVELOPMENTS AND APPETITE FOR SHALE AT SHALE GAS SUMMIT
Press Release - Assess Asia’s Potential, Developments and Appetite for Shale at Shale Gas Summit on 23-24 Apr, 2012 in Beijing
China is rep ...
Wednesday, 07 March 12
3RD MOZAMBIQUE COAL CONFERENCE
3rd Mozambique Coal Conference
2-4 July 2012 | Joaquim Chissano International Conference Centre , Maputo, Mozambique
http://www.immevents.com/mo ...
Wednesday, 07 March 12
DRY BULK MARKET KEEPS UP TIMID REBOUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its rising momentum yesterday, rising for the eighth straight session, on the back of renewed demand for smaller bulk c ...
Wednesday, 07 March 12
BUKIT ASAM EYES 39% RISE IN COAL SALES - INSIDER STORIES
Insider Stories reported that, PT Bukit Asam Tbk is scouting a 39% increase in coal sales volume to 18.66 million tons this year from last year with ...
Wednesday, 07 March 12
PETROSEA SEALS US$188 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, coal mining contractor PT Petrosea Tbk has secured a US$188 million additional contract from its affiliated firm PT S ...
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- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- MS Steel International - UAE
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- VISA Power Limited - India
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Bhatia International Limited - India
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
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