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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, 16 October 18
A PRACTICAL OVERVIEW OF THE IMO 2020 SULPHUR CAP - CLYDE&CO
KNOWLEDGE TO ELEVATE
With less than eighteen months before Regulation 14.1.3 of Annex VI of the MARPOL Convention comes into effect, there are ...
Saturday, 13 October 18
SUPRAMAX: SIGNIFICANT ACTIVITY IN THE INDIAN OCEAN WAS EVIDENT AND RATES JUMPED - BALTIC BRIEFING
Capesize
A sharp reversal of fortunes for the big ships as the week closed after a depressed beginning. To start with drops were sudden, with t ...
Wednesday, 10 October 18
SHIPPING MARKET INSIGHT - ILIAS M. LALAOUNIS
During the end of last month the BHSI was hovering around 630 points, while the last observed sale on a 10-yr old Japanese Handy was the M/V Van Im ...
Monday, 08 October 18
INDONESIAN THERMAL COAL PRICE REFERENCE FELL 3.74% IN OCTOBER 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Monday, 08 October 18
KOMIPO INVITES BIDS FOR 520,000 TONS OF COLOMBIAN ORIGIN OF 5,700 NAR COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 520,000 MT of min. 5700 NAR coal of Colombian origin ...
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- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Planning Commission, India
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Mjunction Services Limited - India
- Australian Coal Association
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
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