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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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Sunday, 26 January 20
SHIPPING NEEDS TO PREPARE FOR CORONAVIRUS RESTRICTIONS WARNS HILL DICKINSON
The shipping industry needs to be prepared for potential restrictions in order to prevent the further spread of the ‘Wuhan’ coronavirus ...
Friday, 24 January 20
LOW-SULPHUR FUEL OIL PRICES DROP USD 99 PER MT IN SINGAPORE - BIMCO
Singapore has seen one of the largest drops in the price of Very Low Sulphur Fuel Oil (VLSFO), which peaked on 7 January 2020 at USD 740 per metric ...
Friday, 24 January 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINED FLAT DURING THE PAST WEEK - XINHUA
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north China’s major ports, stood at 553 yuan (about 80.1 U.S. dollars) ...
Thursday, 23 January 20
PANAMAX: ANOTHER DISAPPOINTING WEEK IN BOTH THE ATLANTIC AND THE PACIFIC BASIN - FEARNLEYS
Cape Size
From bad to worse for the biggest ships as prices for low-sulphur fuel oil remain high whilst freight rates deteriorate further. Aver ...
Thursday, 23 January 20
AFRICAN POWER PLATFORM PUBLISHES REPORTS ON POWER SECTOR FRAMEWORK FOR SELECTED AFRICAN COUNTRIES
Press Release: African Power Platform publishes Reports on Power Sector Framework for selected African Countries
With the repo ...
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- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- The University of Queensland
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Indian Energy Exchange, India
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