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Friday, 29 July 22
GLENCORE TO SUPPLY COAL TO NIPPON STEEL AT $375 PER TON - BLOOMBERG
Glencore Plc, agreed to supply coal to Nippon Steel at one of the highest prices ever paid by the Japan Bloomberg reported on July 27.
According to Bloomberg, Nippon Steel Corp. agreed on an annual supply deal through March with Glencore for power plant coal at $375 per ton, according to people with knowledge of the deal, who asked not to be identified because the information is private.
The agreement is three times more expensive than similar deals done last year, and is likely one of the costliest coal contracts ever signed by a Japanese company, one of the people said, Bloomberg said.
teh report also said, spokespeople for Glencore and Nippon Steel declined to comment.
Bloomberg also noted that, Global competition for coal and natural gas is escalating as power generators move to secure additional fuel shipments amid an energy crunch. Utilities are curbing imports from Russia due to the war in Ukraine, tightening the amount of available supply and sending prices surging.
Japan has been struggling with strained electricity supplies and high demand during a recent heat wave. Nippon Steel, which uses fuel to power its industrial sites and supplies electricity to Japan’s grid, earlier this month purchased the country’s most expensive ever natural gas shipment.
Glencore is the world’s top coal shipper and profits from the power-plant fuel are at an all-time high. The resource giant is on course for a record 2022 as it cashes in on soaring prices and volatility.
Bloomberg further noted that, the Glencore deal may be used as the benchmark price for other annual supplies by thermal coal users in Asia, the people said. That will boost the cost to generate electricity, and threatens to increase power bills for businesses and households.
Australian Newcastle coal futures closed at $410.45 per ton on Tuesday on ICE Futures Europe, and touched a record earlier this year. European coal futures for next year rallied to an all-time high on Tuesday as Russia threatens to curb gas supplies to the continent, as reported by Bloomberg
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Tuesday, 18 February 20
CORONAVIRUS AND ITS IMPACT ON YOUR CONTRACT - CAN YOU RELY ON 'FORCE MAJEURE'? - INCE
KNOWLEDGE TO ELEVATE
On 30 January 2020, the World Health Organization (WHO) declared that the outbreak of the Novel Coronavirus (officially t ...
Monday, 17 February 20
IMO-2020 SULPHUR CAP - ISSUES TO CONSIDER PRIOR TO THE IMPLEMENTATION OF THE CARRIAGE BAN ON 1 MARCH 2020 - STANDARD CLUB
With the IMO 2020 global sulphur cap now in force, members should bear in mind another significant date in relation to the ‘carriage ban&rsqu ...
Monday, 17 February 20
COVID-19: THE EFFECT OF THIS PUBLIC HEALTH EMERGENCY ON CHARTERPARTY TERMS - GARD
KNOWLEDGE TO ELEVATE
Is it useful to compare the COVID-19 with earlier disease outbreaks?
A comparison with the Ebola outbreak ...
Saturday, 15 February 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - REUTERS
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Saturday, 15 February 20
CHEN ZHIDA: NOVEL CORONAVIRUS - IMPLICATIONS FOR CHARTERPARTIES - SHIPOWNERS' CLUB
KNOWLEDGE TO ELEVATE
Last month, the Club issued a bulletin on the 2019 Novel Coronavirus (COVID-19) which explained the origin of the virus a ...
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- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
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