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Monday, 19 October 15
KOMIPO SEEKS 1.28 MILLION T/Y COAL FOR DEC 2015 - Q2 2016
 COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender for 1,280,000 Metric Tons (MT) of minimum 4,600 kcal/kg NAR coal and minimum 5700 kcal/kg NAR coal for November and December 2015 to Q2 2016 loading for Boryeong Power Plant.
The total 1 million Mt of 5700 kcal/kg NAR coal is required to be loaded in 8 shipments (Dec 2015 :125,000×2, Dec 2015- Q1 2016 :125,000×2 and Q1- Q2 2016 :125,000×4) on fixed price from Single mine on FOBT basis by 8 cape size ships.
The total 280,000 Mt of 4600 kcal/kg NAR coal is required to be loaded in 4 shipments (Dec 2015 :70,000×2 and Dec 2015- Q1 2016 :70,000×2) on fixed price from Single mine on FOBT basis by 4 Panamax ships. According to tender, Bidders are required to offer for 1st contract year (Dec 2015 - June 2016). The Price for the 2nd contract year (July 2016 - June 2017) and 3rd contract year (July 2017- June 2018) will be negotiated by mutual agreement.
KOMIPO requires the suppliers to offer coal with the quality such as total moisture (as received basis) max. 28%, volatile matter (air dried basis) min 22 and max 45%, fixed carbon (air dried basis) max 60%, total sulfur(as received basis) max 1.0% and Ash (air dried basis) max 17% for minimum 4,600 kcal/kg coal on NAR basis while requirement for minimum 5,700 kcal/kg coal on NAR basis, the total moisture (as received basis) should not more than 15%, volatile matter (air dried basis) min 22 and max 36%, fixed carbon (air dried basis) max 60%, total sulfur(as received basis) max 1.0% and Ash (air dried basis) max 17%.
According to tender terms, the Chinese and Russian coal are not allowed to participate this tender.
Submissions of bids should not later than 14:00 hrs on October 23, 2015 (Korean Standard Time).
The Bid documents can be submitted in person, by mail or courier to the address below not later than the deadline to Mr. Min-Soo Kim, General Manager / Fuel & Resource Team, Smartwork center Seoul Power Plant, Korea Midland Power Company Limited, 56, Tojeong-ro, Mapo-gu, Seoul, Republic of Korea
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Sunday, 06 December 15
DRY BULK MARKET ON REVERSE MODE, SET TO BREAK NEW ALL-TIME LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been the negative “star” of the shipping industry for quite some time. In fact if it wasn’t for the boomi ...
Sunday, 06 December 15
DESPITE TEMPTING NEWBUILDING PRICES, CONTRACTING IN DRY BULK REMAINS LOW - BIMCO
The current newbuilding prices for dry bulk ships has dropped so much that they just passed the lows of 2012 heading downwards and are now at the l ...
Friday, 04 December 15
FOB INDONESIA COAL SWAPS ARE ALMOST FLAT OVER WEAK DEMAND
COALspot.com: Indonesian coal swaps for delivery Q1 2016 declined month on month and rose slightly week over week. Coal prices seen very margi ...
Friday, 04 December 15
COAL PRODUCTION IN THE U.S. FOR W/E NOVEMBER 28TH FELL SLIGHTLY FROM THE PREVIOUS WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 15.0 million shor ...
Friday, 04 December 15
MINING OUTLOOK WEAKENS FURTHER ON FALLING CHINESE DEMAND - FITCH
COALspot.com: Fitch Ratings' outlook for the global mining sector in 2016 is firmly negative, reflecting our view that Chinese demand will cont ...
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