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Wednesday, 27 February 13
NEWLEAD HOLDINGS LTD. ANNOUNCES COAL SUPPLY AND DELIVERY CONTRACT
NewLead Holdings Ltd. yesterday announced that the Company has signed an agreement to supply and deliver 1.48 million metric tons of steam coal to a third party buyer. The contract is expected to generate approximately $148.0 million in revenue over the period of the contract. NewLead also announced that the Company has entered into an agreement to extend previously announced mine acquisition agreements.
Coal Supply and Delivery Contract
The contract provides for the sale of 130,000 metric tons of coal, commencing in March 2013, followed by 150,000 metric tons per month beginning in April 2013 until the end of 2013. All tonnage is subject to a variation of 10%. The price was established based on the prevailing market price for steam coal at the time the contract was entered into. Loading of the steam coal is expected to commence by the end of March 2013. Delivery of the coal will be completed by NewLead's fleet, whether by existing vessels or newly chartered-in from the market.
Michael Zolotas, Chairman, President and Chief Executive Officer of NewLead, stated, "We are integrating our commodity and transport operations. We secured a contract not only to profitably supply steam coal, but to also profitably transport this coal to our buyer, a creditworthy counterparty. Our vertically integrated operation provides various profitable sectors and, we believe, an advantage over other competitors."
Extension of Mine Acquisition Agreements
The Company also announced that it entered into an agreement to extend the date until March 5, 2013, by which the Company must acquire title and mineral excavation rights to 5,000 acres of land in Kentucky and ownership and leasehold interests in 18,335 acres in Tennessee. The extension was required to accommodate the needs of the sources of financing for these mines. However, there is no assurance that the acquisitions will be consummated by March 5, 2013 or at all.
NewLead Holdings Ltd. is an international, vertically integrated shipping and commodity company that manages product tankers and dry bulk vessels. NewLead currently controls four vessels, two tankers and two dry bulk vessels. NewLead's common shares are traded under the symbol "NEWL" on the NASDAQ Global Select Market.
Source: NewLead Holdings Ltd / Hellenic Shipping
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Monday, 15 April 13
SUB - BIT INDONESIA COAL SWAP SHOWS POSITIVE TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 2.70 percent and CFR South China coal shipment&nbs ...
Saturday, 13 April 13
THE FREIGHT MARKETS EXPECTED TO HOLD FIRM NEXT WEEK - CAPT. REDDY
COALspot.com - This freight market firmed up this week and all sectors were up except for Supramax index.
The BDI was up by 1.62 pct closing at 8 ...
Friday, 12 April 13
DRY BULK SHIP OWNERS DEVELOPED NEWFOUND APPETITE FOR BULKERS DURING FIRST QUARTER OF 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It's official; more and more ship owners operating in the dry bulk market appear to have developed a newfound optimism in the market's prospects. ...
Thursday, 11 April 13
HANDY: INDO - INDIA NOW BEEN REPORTED AT APS BASIS AT USD 10K+BB 85K - FEARNLEYS
Handy
The Atlantic markets remain with not many cargoes seen this week. The USG-Feast was at USD 18k and Black Sea-Feast was at USD 12k. The Pacifi ...
Thursday, 11 April 13
AUSTRALIA'S NEWCASTLE PORT SHIPPED 15.96 PERCENT LESS COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,545,914 tons of thermal and coking coal for week ended 0700 hours 8 April 2013, Newcas ...
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- Ambuja Cements Ltd - India
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
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- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
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- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- The University of Queensland
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
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