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Tuesday, 01 May 12
VIETNAM FEARS IT MAY NOT SEEK COAL SUPPLIES - TBKTSG / VIETNAMNET BRIDGE
 TBKTSG / VietNamNet Bridge reported that, with five coal-run thermopower plants under construction, PetroVietnam alone would need 18 million tons of coal, of which 13 million tons would be imported. By 2020, Vietnam would need 48 million tons of coal imports a year.
The thorny problem
Indonesia is considering imposing export tariffs on coal and normal metal exports in an effort to restrict the export of raw materials, In the immediate time, the export tariff on coal would be 25 percent in 2012, which would be raised to 50 percent in 2013.
Together with Australia, Indonesia is one of the two biggest coal exporters in the world, which is the main supplier to Asian economies. Indonesia’s intention to impose heavy tax on coal exports would push the coal prices up, and lead to a stiffer race to obtain the right to buy coal. Vietnam, which has no advantages in the race, would meet even bigger difficulties in the future.
Currently, a lot of thermopower plants in Vietnam have been designed in a way to use the coal imports from Indonesia. If the Indonesian government imposes such heavy tariffs, the production costs of the plants would be very high, thus making the power plant projects fail completely.
In 2011, the Vietnam Coal and Mineral Resources Vinacoal imported 9000 tons of coal from Indonesia in a trial basis. Dr Nguyen Thanh Son from Vinacoal said this was a low quality coal, and importing this kind of coal would be detrimental to Vietnam in terms of the shipping fee.
Meanwhile, no one can say for sure if the supply is profuse enough. In 2011, Indonesia exported 250 million tons of coal. The amount was not enough to satisfy the additional demand of China and India. Australia exported 280 million tons of coal, but Japan alone demanded 200 million tons.
In the future, India plans to increase the coal imports to 300 million tons by 2016-2017, which is double the current level. China, which is consuming more than a half of the global coal output, would also have to seek more foreign supply sources to satisfy its bigger thirst.
As for Japan, the demand for coal would surely increase. After the trouble with Fukushima nuke plant in March 2011, the country has shut down many nuke power plants, while coal run thermopower plants would be the alternative.
The coal demand is forecast to increase by 4.46 percent per annum in the next decade, while Asia would see the growth of 7.03 percent. Meanwhile, the coal reserves have been decreasing, and the current resources would be enough to satisfy the demand by 2030 only.
As such, it is foreseeable that Vietnam would have to compete with the rivals more powerful in financial capability, such as China, Japan, India and South Korea to obtain the right to buy coal.
To date, all the things Vinacoal and PetroVietnam has done is to sign frame agreements with foreign coal suppliers. Meanwhile, it remains unclear about the supply volume and prices.
The Ministry of Industry and Trade is considering buying coal mines in foreign countries to ensure stable coal supplies for domestic power plants. The two supply sources Vietnam has thought of are Australia and Russia.
However, Son has warned that this proves to be an unfeasible plan. He said that in Australia, all the mines easy for exploitation have been bought by Japanese. They have also bought the stakes of railway companies and port development companies to more easily export coal. China, a powerful economy, also finds it difficult to exploit the coal resource, let alone Vietnam.
As for Russia, in order to have the exclusive right to exploit one mine with the reserves of 100 million tons, Vietnam would need at least 500 million dollars.
Source: TBKTSG / VietNamNet Bridge
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Saturday, 21 July 12
THE FREIGHT RATES ARE EXPECTED TO BE FLAT TO SOFT NEXT WEEK - VISTAAR
COALspot.com - The freight market was soft this week as all the segments were down.
The BDI was down by 6.58 pct closing at 1,037 points and the ...
Saturday, 21 July 12
INDONESIAN COMPANIES ABM INVESTAMA AND AVRA ASIA WORK OUT LONG-TERM CONTRACT - THE JAKARTA GLOBE
The Jakarta Globe, one of the leading English news papaer in Indonesia reported that, ABM Investama, a company with diversified interests in coal mi ...
Friday, 20 July 12
INDONESIA-INDIA SUPRAS BEING FIXED AT $ 10K
Handy
After a stable last week, the Handysize market has experienced softening rates in the Atlantic. Ships are ballasting from India into the Atla ...
Friday, 20 July 12
HANDYSIZES PROVE RATHER ATTRACTIVE AMONG OTHER SHIPS, IN TERMS OF FUTURE RETURNS ON INVESTMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Handysize segment of the dry bulk market appears to offer the best incentive among other ship types, for a ship owners to invest in, says Interm ...
Wednesday, 18 July 12
TAIWAN POWER COMPANY TO IMPORT 0.588 MILLION TONS OF LOW ASH AND EXTRA LOW SULFUR SUB-BITUMINOUS COAL
COALspot.com - Taiwan Power Company intends to procure 588,000 MT tons of extra low sulfur sub-bituminous coal for Taipower thermal power plant thro ...
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- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Planning Commission, India
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- VISA Power Limited - India
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
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