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Monday, 06 August 12
COAL EXPORTS COULD ADD $2B TO $6B ANNUALLY TO U.S. ECONOMY - HELLENIC SHIPPING
 Business groups backing Pacific Northwest coal export proposals on Thursday lauded a new report that claims increased U.S. coal exports could bring between $2 billion and $6 billion per year to the U.S. economy.
The report comes from the Energy Policy Research Foundation, a Washington, D.C.-based think tank that focuses on oil-related economic issues.
Around a half-dozen proposals have arisen in Washington and Oregon this year to build export terminals that would shuttle coal from the Powder River Basin of Montana and Wyoming to energy-hungry Asian markets through the Pacific Northwest. Three projects proposed along the Columbia River near Portland represent around $1 billion in private investment.
Proponents laud the economic potential of the projects — Portland barge-makers Gunderson LLC and Vigor Industrial already plan to split $75 million worth of work related to one proposal. But critics are fighting coal exports primarily on two fronts — that they will lead to widespread rail congestion and that any economic gains aren’t worth the damage caused from enabling the increased use of greenhouse gas-emitting power sources.
The Energy Policy Research Foundation report dismissed the criticism.
It called the rail traffic issues “state and local concerns which can be addressed through a number of remedies.”
On the larger environmental issue, the report claims that lower-cost coal from the Powder River Basin isn’t likely to have an effect on coal prices worldwide and neither the volume of world coal combustion or greenhouse gas emissions would change as a result.
Ross Macfarlane, senior adviser for business partnerships at Seattle-based environmental policy group Climate Solutions, said that economic assertion not only isn’t accurate, “it’s in direct opposition to what’s happening in world markets.”
“U.S. coal is moving prices significantly downwards because it is supplanting, in the short term, higher-priced coal from Australia and Indonesia and causing major dislocations,” Macfarlane said.
The report's claim “goes against the basic laws of supply and demand,” he said.
The report was heralded by the Alliance for Northwest Jobs & Exports, a business-backed, pro-coal nonprofit based in Seattle that made its debut last week.
“This report confirms what we already know in the Northwest – we can continue to build on our strong trade heritage, creating thousands of new jobs and millions in new tax revenue for our region, and do it in an environmentally responsible way,” Alliance spokeswoman Lauri Hennessy said in a news release.
Macfarlane said he doesn’t dispute that coal exports will lead to billions of dollars coming into the U.S. economy.
“The question is who will get that value,” he said. “I think it’s clear that most of that value is going to be going into a very small number of pockets and the costs will be borne throughout the region and the world.”
Source: Sustainable Business Oregon / Hellenic Shipping
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Saturday, 07 July 12
BALTIC INDEX UP ON STRONG CAPE, PANAMAX RATES - VISTAAR
COALspot.com - This week all the segments were firmed up with BDI up by 15.23 pct (up by 153 points) closing at 1,157 points.
The cape index also ...
Saturday, 07 July 12
DRY BULK MARKET NOT ABLE TO FIND SOLID GROUND SAY EXPERTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the second half of each, traditionally looking the most active one, especially in terms of newbuildings being delivered, it's highly unlikely ...
Thursday, 05 July 12
GOVT GETS READY FOR $1.8B SUIT - THE JAKARTA POST
The Jakarta Post, one of the leading Indonesian English new papers reported that, several ministries and the Attorney General’s Office held a ...
Thursday, 05 July 12
DRY BULK MARKET MOVES FURTHER UP THE HILL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its growth momentum by the middle of the week, as the BDI (Baltic Dry Index) rose by an additional 40 points to 1,103 p ...
Thursday, 05 July 12
BUMI ACHIEVES HIGHER SELLING PRICE IN FIRST QUARTER
COALspot.com - PT Bumi Resources Tbk (BUMI), Indonesia's largest coal producer and exporter, has successfully maintained a higher sales margin, des ...
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- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- McConnell Dowell - Australia
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Central Java Power - Indonesia
- Minerals Council of Australia
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- The University of Queensland
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
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