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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, 12 July 15
SHIPYARD NOT LIABLE FOR ENGINE ROOM FIRE CAUSED BY OIL LEAKAGE - BIRCH WINDAHL
KNOWLEDGE TO ELEVATE
A Danish vessel owner requested a Danish shipyard to undertake repairs and maintenance works on its vessel. An agreement ...
Saturday, 11 July 15
MAJOR IRANIAN GAS EXPORTS WILL TAKE AT LEAST FIVE YEARS - FITCH
Iran has the long-term potential to become one of the world's top gas producers, thanks to its 34 trillion cubic meters (tcm) of natural gas re ...
Friday, 10 July 15
DRY BULK MARKET KEEPS POSITIVE MOMENTUM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its positive momentum over the course of the past few days, thanks to Panamax gains. During yesterday’s session ...
Friday, 10 July 15
U.S PRODUCED APPROXIMATELY TOTALED AN ESTIMATED 14.1 MMST WEEK OVER WEEK - EIA
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 14.1 million short ...
Thursday, 09 July 15
CPP MARKET : POSITIVE IN THE SHORT TERM - GEORGE VASTARDIS
Despite the traditionally quieter summer period, the clean tanker market has so far experienced healthy activity especially East of Suez. Increased ...
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- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Minerals Council of Australia
- The Treasury - Australian Government
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- VISA Power Limited - India
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
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