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Thursday, 28 February 13
INDIA HAS INCREASED CUSTOMS DUTY AND COUNTERVAILING DUTY FOR POWER PLANT COAL
COALspot.com : The government of India raised basic customs duty and countervailing duty on steam coal. In the meantime government has reduced custom and countervailing duty on Bituminous coal.
Finance Minister of India in his budget speech today, announced a hike in the basic customs duty on steam coal from present Zero to two percent and CVD from one per cent to two per cent. Steam coal also known as thermal coal or power plant coal is mainly used in power generation.
Recently Indian customs officers defined coal with Volatile Matter over 14 percent and calorific value over 5833 kcal/kg on moisture, mineral matter free (DMMF) basis as "Bituminous Coal".
"Prior to today’s announcement, steam coal is exempt from customs duty but subject to one percent concessional CVD. In the meantime, Bituminous coal attracts a duty of 5 per cent and CVD of 6 per cent. The government has equalized the duties on both type of coal and levy two per cent customs duty and two per cent CVD.
According to Media reports, India has imported around 30 million tons of bituminous coal last year against around 50 million tons of steam coal.
"Coal from Indonesian origin has special tax treatment In India. Hence importers of Indonesian coal will not affect significantly by above increase," a coal importer from India said.
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Tuesday, 19 March 13
SHIP PRICES COULD BE CLOSING IN TO REACH THEIR BOTTOM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the latest developments in shipping asset prices has been the reluctance from shipyards to further reduce their price expectations to higher ...
Sunday, 17 March 13
A WEAK WEEK FOR SUB-BIT INDONESIA COAL SWAPS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 2.11 percent and CFR South China coal shipment ...
Sunday, 17 March 13
COAL FREIGHT RATES STEADY ON HIGHER DEMAND - CAPT. REDDY
COALspot.com - This freight market continued to remain firm in all segments.
The BDI was up by 5.81 pct closing at 892 points. Cape index was up ...
Friday, 15 March 13
CHEAP SHIP VALUATIONS DON'T NECESSARILY MEAN ATTRACTIVE SAYS VESSELS VALUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With ship prices plunging by double-digits in the past few years, many ship owners are pondering their next moves in a market often described as att ...
Thursday, 14 March 13
SUPRAMAX : INDO - INDIA TRIP RATE IS AROUND $10,000; SOUTH CHINA $9500 - FEARNRESEARCH
Handy
Indian market is still quiet in respect of export of iron ore. WC India market has improved with a few stems out of the MEG, WC India opening ...
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- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Australian Coal Association
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
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