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Monday, 29 July 13
INDONESIA'S ENERGY NEEDS COULD SPELL GOOD NEWS FOR TANKER OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Despite abundant energy resources, Indonesia has still failed meet its own demand, which led to a rising import of crude. According to the latest weekly report from London-based shipbroker Gibson, "it wasn’t that long ago that Indonesia was described as the underperforming gem of the Far-East, having an abundance of natural resources: oil, gas, coal, timber etc. Economic growth has been in the region of 5-6% p.a. over the past several years, but could have achieved growth similar to that of China or India, given the right conditionns.
However, recent statistics indicate that this same nation is very much in energy decline, with reserves of crude oil and coal depleting rapidly. The BP Statistical Review of World Energy 2013, shows that Indonesian oil reserves have fallen to 3.7 billion barrels and are forcing the government to import more crude and product to meet rising oil demand. Ageing fields and the lack on new discoveriees continues to be a major headache for a nation which was still a member of the Opec family less than 5 years ago" it said.
Gibson noted that "the BP review shows that last year oil production from the Asian nation stood at 918,000 b/d, while consumption was close to 1.6 million b/d. Indonesian oil production has now fallen to a 40 year low causing the government considerable difficulty both in terms of diminishing export revenue and the fact that energy subsidies have been providing Indonesians with the cheapest fuel in Asia. In order to reduce the nation’s budget deficit, the government in June announced a 20% cut in subsidies. Although no date has been set for the introduction of this price hike, widespread demonstrations have resulted. Indonesia’s production target for this year has been set at 900,000 b/d, but this is unlikely to be achieved with the energy regulator forecasting nearer 830,000 b/d. At the same time, fuel c nsumption and crude imports are surging on the back of cheap subsidised fuel causing the deficit to widen", Gibson said.
According to the shipbroker, "Indonesia has been forced to make up its crude shortfall with imports from Saudi Arabia, West Africa, Libya and Azerbaijan, while the dwindling exports go into the short-haul intra-Asia trade. Aspirations to increase refinery capacity have so far failed to materialise with a failed partnership with Iran abandoned some years ago. More recently negotiations with Iraq, Azerbaijan and Saudi Arabia have led to little more than discussion and no formal projects have been tabled to date. Indonesia has the fourth largest population in the world, and the gap between crude production and consumption continues to grow, causing major political issues. While LNG will provide some respite for the government, it is clear that the demand for both crude and pooduct transportationn will provide growth opportunities for tankers as Indonesia’s growing demand fails to be met internallly.
Meanwhile, in the crude tanker market this week, in the Middle East, "VLCC continued to follow the same track already beaten in June and July with chaterers initially witholdinng to draw down sentiment, and then fixing in numbers to take advantage of that, setting a new 'conference' lower raterange of ws 34/36 to the East and ws 22/23 to the West via Cappe. Now we are effectively at the half-time point in the August game, and if the previous path continues to be followed, then another busier patch will eventtually develop to hand opportunity back to owners once again. Unfortunately for them, this time, availability is a little heavier on the eye, and the Atlantic market is much less supportive, so the peaks of July are less likely to be reachieved even if an upswing does indeed develop.
Suezmaxes enjoyed another week of very strong activity with an over-abundance of short hauls to India also a feature. Rates jumped to as high as ws 55 to the West and close to ws 90 for India with around ws 70 achievable for longer hauls to the East. Aframaxes kept to a steady beat and stayed tight enough to maintain rates in the low/mid ws 90,s bracket to Singapore, where they should remain for the near term at least", Gibson noted.
Finally, in the Mediterannean, "Suezmaxes here operated in reverse manner with the back end of the week showing more strength than the start.140,000 from the Black Sea moved to as high as ws 70 to Europe, with a ws 75 rumoured, but not proved. Volumes aren’t especially heavy, but tight availability on the earlier dates has forced some issues. Aframaxes kicked off nicely, but gradually found supply outweighed demand, and rates fell to 80,000 by ws 77.5/80 Cross Med, and moves to dates that look well enough tonnaged to keep the market soft", Gibson concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 30 July 13
KOMIPO INVITES BIDS FOR 520,000 MT OF 5,700 KCAL/KG COAL ON NAR BASIS FOR H1, 2014
COALspot.com : Korea Midland Power Co., Ltd. has invited bids for 520,000 Metric Tons (MT) of coal with calorific value 5,700 kcal/kg on NAR basis f ...
Tuesday, 30 July 13
AUSTRALIA'S NEWCASTLE SHIPPED 12.58 PERCENT LESS COAL W-O-W
COALspot.com: Newcastle port in Australia has loaded 2,945,848 tons of coal for the week ended 0700 hours 29 July 2013, Newcastle Port Corp. s ...
Sunday, 28 July 13
SUB-BIT INDONESIA COAL SWAP UP SLIGHTLY FOR SEPTEMBER CARGOES
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average September 2013 delivery slightly up on day and week but fell on month on ...
Saturday, 27 July 13
CEPL INDIA TO BAG 0.3 MILLION TONS OF COAL SUPPLY ORDER FROM TNPL
COALspot.com - An India based coal trader Coastal Energy Private Limited has offered the lowest price of US$ 73.00 per metric ton for calorific valu ...
Saturday, 27 July 13
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO REMAIN STEADY - CAPT.REDDY
COALspot.com : The freight market seemed to soften this week with BDI , Cape and Panamax indices dropped average 5 percent on week.
The BDI was d ...
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- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
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