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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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Sunday, 17 June 12
S7 & S8 ROUTES ARE LIKELY TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The BDI gained some increase after continues fall for several weeks.
The BDI increased by 47 points (up by 5.36 pct) closing at 92 ...
Saturday, 16 June 12
INDONESIAN SUB-BITUMINOUS COAL & CFR SOUTH CHINA COAL CONTRACT SWAPS ARE UNDER PRESSURE
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for July deliveries seems to be under pressure this week.&nbs ...
Friday, 15 June 12
CAPESIZE - THE LEVELS THAT DID FIX ARE DOWN W-O-W LEVELS - FEARNLEYS
Handy
Another slow-moving market with rates hovering at same level as last week. US Gulf positions fixed USD 25,000 for trips to Cont/Passero and S ...
Thursday, 14 June 12
SMALLER DRY BULK CARRIERS LIKELY TO FACE MORE CHALLENGES; DEMOLITION ACTIVITY SET FOR RECORD YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest update on the dry bulk markets, BIMCO said that China is partly “failing to deliver” on raw material imports that can affe ...
Wednesday, 13 June 12
LOW COAL PRICES COULD CHANGE SUPPLY SIDE DYNAMICS - FITCH RATINGS
Fitch Ratings believes that the weakness seen in thermal coal prices in recent months should reverse once demand from major importers recovers, alth ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Planning Commission, India
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
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