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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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Tuesday, 26 March 13
NEWCASTLE PORT SHIPPED 2.39 MMT OF COAL W/E 25 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2.396 million tons of thermal and coking coal for week ended 0700 hours 25 March 2013, N ...
Monday, 25 March 13
BUNKER FUELS ARE ABOUT TO GET CLEANER, BUT AT WHAT COST? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The cost of bunkers is nowadays the driving force behind most ship owners' major decisions, with regulations bound to change in many parts of the w ...
Sunday, 24 March 13
THE SUB-BIT INDONESIA'S COAL SWAPS FOR Q2 DELIVERY PRICE LOST 7.47 PERCENT PMT M-O-M
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 3.39 percent and CFR South China coal shipment 2.65 ...
Sunday, 24 March 13
FREIGHT MARKETS CONTINUED TO FIRM - VISTAAR
COALspot.com - This freight market continued to remain firm in all segments except for cape index which softened slightly.
The BDI was up by 4.60 ...
Sunday, 24 March 13
DRY BULK MARKET PROSPECTS OFFER ROOM FOR RESTRAINED OPTIMISM SAYS SHIP OWNER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its announcement regarding its annual performance, ship owner Frontline offered some useful insight on the future prospects of both the dry bulk ...
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- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
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- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
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- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
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- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
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- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
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- Price Waterhouse Coopers - Russia
- Australian Coal Association
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- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
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- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
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- Bhoruka Overseas - Indonesia
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- Baramulti Group, Indonesia
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- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
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- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- White Energy Company Limited
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- ASAPP Information Group - India
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
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- Agrawal Coal Company - India
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- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
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- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
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- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
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