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Friday, 11 October 19
INDIAN MINERS REJECT PLAN TO LINK NATIONAL COAL INDEX TO FOREIGN PRICES - REUTERS
 India’s miners are rejecting a government proposal to establish a national coal index that would be linked to international prices, documents reviewed by Reuters show, because it could make domestic supply uncompetitive.
India’s government is creating a coal price index as part of its plans to open the coal sector to outside investment and end state-run Coal India’s control over prices. The country plans to invite bids from global firms for coal mining blocks by the end of 2019.
A government panel has proposed one index that would link directly to foreign indexes, such as in Indonesia and Australia and a second proposal that measures the value and volume of all coal transactions, including imports, and compares them to a base period, government documents reviewed by Reuters showed.
Local coal prices would likely rise as a result of either proposed index, reducing the competitiveness of local supply, which typically has a lower heat content, to imports.
The Federation of Indian Mineral Industries (FIMI), which counts Rio Tinto’s India unit and India’s Adani Enterprises among members, objected to both plans in a Aug. 23 letter to the Ministry of Coal that was reviewed by Reuters.
FIMI argued instead that the government should base prices only on Coal India’s fuel supply agreements and e-auctions.
“The weightage of lower grades accounts for almost 70% of total (Indian) production. Contrary to this, global indexes are based on higher gross calorific value coals,” FIMI said.
India’s coal ministry declined to comment on details about the index and when it plans to release it.
“Indian coal market has not matured enough to be linked with such indexes. Indian coal is still suffering badly with quality issues at mines, prices are offered ex-mine unlike global indexes,” FIMI said.
Coal is among the top five commodities imported by India. Shipments are surging after the government failed to open the industry to competition, despite passing a liberalization policy 19 months ago.
FIMI argued that India should have a separate index for coking coal, used in steel mills.
But a future index should not look like Indonesia’s, which factors in various indices including the export index from Newcastle, Australia, as Indonesia is the world’s largest exporter, while India would forever remain an importer, FIMI said.
Source: Reuters
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Saturday, 30 November 19
IMO2020 GLOBAL SULPHUR CUT: GERMAN SHIPPING TO USE NEW TYPE OF FUEL VDR SURVEY
IMO2020 Global sulphur cut: German shipping to use new type of fuel VDR survey: Technical issues and costs are the biggest challenges - VDR
&nb ...
Saturday, 30 November 19
PANAMAX: LEVELS IMPROVED IN THE PACIFIC MARKET TOO WITH $11,000 BEING CONCLUDED ON AN 81,000DWT SHIP FOR AN INDONESIA TO CHINA COAL TRIP - BALTIC BRIEFING
Capesize
The market has been well supported over the past week, led primarily by the Atlantic Basin. After bottoming last week, sentiment was s ...
Friday, 29 November 19
FITCHRATINGS MAINTAINS NEGATIVE 2020 OUTLOOK ON SHIPPING, AS TIGHTER SUPPLY HELPS, BUT SOFTER DEMAND DRAGS
Fitch’s Sector Outlook: Negative
We maintain a negative sector outlook for global shipping because of the forecast slowdown of ...
Friday, 29 November 19
INDONESIA PRODUCES 390 MLN TONNES OF COAL IN JAN-SEPT: MINISTER - REUTERS
Indonesia’s production of coal for the January-September period was 390 million tonnes, Energy and Mineral Resources Minister Arifin Tasrif s ...
Wednesday, 27 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
As the end of the fourth quarter is approaching, one could say that the wet market has maintained the strong pace observed during the third qu ...
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- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- White Energy Company Limited
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
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