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Tuesday, 22 September 09
PANAMA CANAL EXPANSION MAY AID COLOMBIA COAL TO ASIA
 * Colombia producers hope for growth in Asia shipments
* Panama Canal will allow smaller coal Capesize vessels
* Australia, Indonesia to remain biggest Asia coal suppliers
Reuters reported that, Colombian coal exporters will seek to take advantage of booming demand in Asia when the Panama Canal expansion is completed in 2013, shipping analysts and Colombian coal producers say.
Colombia, the world's fifth-largest exporter of steam coal, has been hit by falling demand in key European and the U.S. markets, and has been the only producing country unable to sell into Asia due to high freight costs
"They (producers) potentially could be shipping out coal from Colombia across the Pacific. Obviously it would depend on the size of ship and how they develop this canal," said Will Fray, shipping analyst with London-based consultants Maritime Strategies International (MSI).
Colombia is expected to export around 61 million tonnes of coal in 2009, roughly on a par with Russia and South Africa but below Indonesia and Australia.
"The big thing about Colombian coal is it was competing in Europe with South African business, which at the moment has been moving eastwards," Fray added.
The Panama Canal Authority will spend $5.25 billion to expand and deepen the Panama Canal enabling larger bulk vessels and oil tankers to move commodities into the Pacific markets
"The expansion will make it more possible in theory for Colombian coal to move to Asia but there are many factors which make it unlikely to be shipped in large quantities," said a major Colombian producer who declined to be named.
"It's far more likely that South African coal will remain cheaper than Colombian for the Asian market outside of India and that production in Australia and Indonesia will grow to meet any increased local demand," the producer said.
The biggest Colombian producers, including Drummond Coal, Cerrejon and Prodeco, do not expect to be making significant inroads into Asia but see some opportunities for spot sales.
Brazilian energy company MPX Energia remains optimistic, however, that it will be able to sell coal into Asia via the expanded Canal
"The expansion will allow coal shippers to use small capesize vessels of 130,000-140,000 tonnes rather than panamaxes of around half that size. There are always savings when using larger ships," said Peter Norfolk, Director of Consultancy & Research at shipbrokers Simon, Spence and Young (SSY).
"But it's unlikely that exports from Colombia into the Pacific will increase significantly because growth in demand there is more likely to be met by production from nearby producers in Australia and Indonesia," he said.
Thermal coal is shipped globally in capesize vessels of 120,000-150,000 tonnes, panamax vessels of around 65,000-75,000 tonnes and handymax vessels of 45,000-50,000 tonnes.
Asian buyers in China, Japan, South Korea and Taiwan who can discharge cheaper capesize vessels will do so. Indian buyers are forced to use mostly handymaxes because there are few ports which can accept panamaxes and only one which can take capes.
Source: Reuters
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Friday, 07 August 09
COAL-PRICE FORECAST RAISED AT MERRILL ON CHINA, INDIA DEMAND
Bloomberg reported that, Bank of America Corp.’s Merrill Lynch & Co. unit increased its price forecast for Asian power-station coal becaus ...
Friday, 07 August 09
CHINESE DEMAND FOR FOREIGN COAL SOARS
Mining Weekly reported that, Chinese coal imports rocketed by 126,3%, year-on-year, in the first half of this year, the country’s customs auth ...
Thursday, 06 August 09
RICHARDS BAY COAL SHIPMENTS FELL 3% ON YEAR IN JULY
Bloomberg reported that, Richards Bay Coal Terminal, Africa’s largest coal-export facility, exported 3 percent less of the fuel in July than i ...
Thursday, 06 August 09
NTPC LOOKS TO BYPASS STATE TRADING FIRMS ON COAL IMPORT
A reduced coal import bill for NTPC could lead to lower power tariffs
Live mint.com reported that, India’s largest power generation utility ...
Thursday, 06 August 09
CHINA JULY COAL IMPORTS AT 9.5 MLN T, DEMAND FIRM
* Coal imports at key ports in July 2.8 times year-ago levels
* July coal imports down nearly 40 percent from June
* China still buying overseas c ...
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- Vedanta Resources Plc - India
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- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
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- Medco Energi Mining Internasional
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- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
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- Planning Commission, India
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- CNBM International Corporation - China
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- Meralco Power Generation, Philippines
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- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
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- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
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- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
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- ICICI Bank Limited - India
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- Parliament of New Zealand
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- Baramulti Group, Indonesia
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- The University of Queensland
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- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
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- Wilmar Investment Holdings
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- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
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- Minerals Council of Australia
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- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
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- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
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- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
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- Bukit Asam (Persero) Tbk - Indonesia
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- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
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- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
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- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
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- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Australian Coal Association
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- Tamil Nadu electricity Board
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- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
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- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
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- London Commodity Brokers - England
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- Offshore Bulk Terminal Pte Ltd, Singapore
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