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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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Monday, 20 February 12
COAL BOOM AND ENVIRONMENTAL CONCERN - SUNIL K KUMBHAT
COALspot.com - The dawn of the 21st century has seen a shift in the world's commercial balance of power, with the dominance of the US, Europe and J ...
Sunday, 19 February 12
THE SPOT FIXTURE RATES WERE REPORTED AT HIGH LEVELS - VISTAAR
COALspot.com - "The markets seems to holding back this week appears the momentum which picked up last week may slow down" - Capt. Reddy of ...
Sunday, 19 February 12
INDIKA ACQUIRES MULTI TAMBANGJAYA - INSIDER STORIES
Insider Stories reported that, PT Indika Energy Tbk (INDY) announced that wholly-owned subsidiaries have signed a conditional sale and purchase agre ...
Friday, 17 February 12
COLOMBIA COAL PRODUCTION, EXPORTS JUMP IN 2011: GOVT - COLOMBIA REPORTS
Colombia Reports reported that, colombia's coal production jumped 15.4% in 2011 to 85.8 million tonnes versus the previous year while exports rose ...
Thursday, 16 February 12
GEARING UP FOR THE EMERGING OIL & GAS OPPORTUNITIES IN MYANMAR
Press Release - Myanmar Ministry of Energy and Centre for Management Technology (CMT) to Co-host MOGP (Myanmar Oil, Gas & Power) Summit on 28 - ...
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- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Australian Coal Association
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- The University of Queensland
- SMG Consultants - Indonesia
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- MS Steel International - UAE
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
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