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Wednesday, 25 November 09
RISING FREIGHT RATES HIT COAL IMPORTERS
 While state-owned NTPC’s 12.5 million tonne coal import order may have been aimed at plugging the shortage of coal at its thermal power plants, private companies who are importing coal for NTPC, may end up taking a hit due to rising freight rates.
Apart from the price of non-coking coal, factors such as freight rates and cost of fuel to sail a vessel, are the vital aspects that determine the import bill of a firm. So far, rates of coal, freight and fuel quoted by importing firms have risen sharply since September 2009, when MMTC, the state-owned trading company in-charge of sourcing coal for NTPC, revived the tender.
However, freight rates have risen the most in this period. While the price of non-coking coal from Australia’s Newcastle Port for the December 2009 contract - a benchmark index for Asia - has gone up to about $80 per tonne, from $70 in September, freight rates of handysize vessels have gone up by at least 70% in the said period. “As per the tender, both the price of coal and fuel are floating,” said a senior executive of MMTC.
“The fuel price is indexed to the Singapore bunker price (a marine fuel and shipping price index). So any hike in the rates will negate the losses as everything is covered,” the executive added.
However, while the importing firms may not suffer losses on account of a rise in prices of coal and oil, the increase in freight rates will affect them. “The freight rates we quoted was in the range of $14,000-15,000 per day in September. Now it is $24,000 per day,” said an industry executive.
“We will suffer a loss of at least $7 on every tonne of coal imported if the freight rates stay at this level,” he added.
The freight rates are not floating and an importer will have to incur the cost on an hourly basis. Supply of coal is likely to begin in 10-15 days and most of the coal will be sourced from Indonesia and South Africa.
Three companies — Adani Enterprises, Agarwal Coal and Bhatia Coal — are expected to execute the import order of 12.5 million tonnes of non-coking coal over 12 months. Bhatia Coal and Agarwal Coal will import 2.5 million tonnes and 3.75 million tones of coal, respectively, while the rest will be imported by Adani.
MMTC re-opened the import tender in mid-September after a previous bid was suspended on allegations of improper standards. MMTC had called for bids from private parties to supply coal on June 4, 2009, which it subsequently cancelled.
Source: Economic Times
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Sunday, 06 December 09
NEW MANGALORE PORT GETS UPCL'S FIRST COAL PARCEL FROM INDONESIA
The Lanco Group-promoted Udupi Power Corporation Ltd (UPCL) has received the first parcel of imported coal from Indonesia at the New Mangalore Port. ...
Friday, 04 December 09
CHINA'S COAL IMPORTS PREDICTED TO DECLINE IN 2010
China's eye-catching coal import figure s are unlikely to extend into 2010 given the predicted narrow-down of the coal price spread between the hom ...
Friday, 04 December 09
SUBHASH PROJECTS BEGINS MINING AT INDONESIAN COAL BLOCK
Kolkata-based infrastructure company Subhash Projects and Marketing (SPML) has begun mining at its coal block in Indonesia and will begin despatchin ...
Friday, 04 December 09
DRY BULK MARKET IS ON THE RISE AGAIN
Proving rather resilient, compared to previous behaviors, the dry bulk market has been on a rebound mode once again, after a two-week fall, which su ...
Friday, 04 December 09
INDONESIA'S BUMI EYES MARKETING DEAL FOR BERAU COAL
Reuters reported that, Indonesian coal miner PT Bumi Resources Tbk said on Thursday it is in talks to be the exclusive marketing agent for coal prod ...
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- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Deloitte Consulting - India
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
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