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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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Wednesday, 12 June 19
SHIPPING MARKET INSIGHT - INTERMODAL
This year’s tanker S&P activity keeps edging higher compared to the same period in 2018. Year to date we have seen some 143 ships, rangin ...
Tuesday, 11 June 19
INDONESIAN COAL PRICE REFERENCE SET AT $81.48 PER TON IN JUNE, DOWN 15.66 PERCENT YEAR-ON-YEAR
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
Monday, 10 June 19
CONSECUTIVE OWNERS OF CARGO: WHO HOLDS TITLE AND THE RIGHT TO SUE? - COLIN BIGGERS & PAISLEY
KNOWLEDGE TO ELEVATE
In Tritton Resources Pty Ltd v Ever Rock Navigation S.A. [2019] FCA 276, the Federal Court considered the application of ...
Monday, 10 June 19
KOSPO INVITES BIDS FOR 1,305,000 MT OF MIN 5600 KCAL/KG NCV COAL FOR SEPT 2019 TO DEC 2021
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 435,000 MT (per year) of max 5,600 kcal/kg N ...
Sunday, 09 June 19
SUPRAMAX: ASIA LOST GROUND; THE INDIAN OCEAN SAW SLOWER ACTIVITY - BALTIC BRIEFING
Capesize
The market continued in an unusually steady ascent last week. With no major news in the market, each day improved on the last, breakin ...
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Showing 1386 to 1390 news of total 6871 |
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- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- MS Steel International - UAE
- Planning Commission, India
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
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