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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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Friday, 15 February 13
SCRAPPING TO RISE AS BULKER OWNERS SUFFER - DREWRY MARITIME RESEARCH
Drewry's latest Dry Bulk Forecaster report suggests that cash-strapped shipowners will scrap younger and younger ships this year as the dry bulk ma ...
Thursday, 14 February 13
HANDY: ATLANTIC "STABLE"; PACIFIC "QUIET" - FEARNLEYS
Handy
The Atlantic remain stable with rates for FH from USG around USD 18k. The Pacific remains quiet due to Chinese New Year holidays. Rates were ...
Thursday, 14 February 13
BIMCO FORECASTS MOSTLY HIGHER DRY BULK RATES FOR THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Higher steel demand is expected to keep dry bulk rates elevated during the next six weeks, according to the latest BIMCO forecast. The Organization ...
Wednesday, 13 February 13
6TH ANNUAL CBM CONFERENCE
The 6th Annual CBM conference which will be held in Singapore on 18-21 June 201 offers comprehensive insights into leading CBM projects in the Asia- ...
Tuesday, 12 February 13
GOVERNMENT DECLARED INDONESIAN THERMAL COAL PRICE INCHES UP IN FEBRUARY
COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in February 2013.
The monthly coal refere ...
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- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Planning Commission, India
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Australian Coal Association
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
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