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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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Thursday, 26 November 09
CIL EYES OVERSEAS ACQUISITIONS TO BRIDGE SUPPLY GAP
Coal Minister Sriprakash Jaiswal on Wednesday said that state-run coal major Coal India is looking to acquire coal blocks in the US and
othe ...
Wednesday, 25 November 09
NAPOCOR SCRAPS AWARD OF 715,000 TONS COAL
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it had cancelled plans to award 715,000 tons in coal supply con ...
Wednesday, 25 November 09
CSN TO BUY RIVERSDALE STAKE TO BOOST COAL SUPPLIES
Cia. Siderurgica Nacional SA plans to buy 16.3 percent of Australian coal-exploration company Riversdale Mining Ltd. for about A$190.5 million ($175 ...
Tuesday, 24 November 09
ICRA DOWNGRADES TNPL`S RATING TO LAA
Credit rating agency, ICRA has revised the long term rating for the Rs 11.25 billion long-term fund-based bank facilities and Rs 1.5 billion non-con ...
Monday, 23 November 09
INDONESIA MINING RULE THREATENS INVESTMENT DRIVE
A new Indonesian mining rule, limiting contract work that can be outsourced and favouring local players, is shaping up as a new blow to plans ...
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Showing 6226 to 6230 news of total 6871 |
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- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Planning Commission, India
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Australian Coal Association
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- GMR Energy Limited - India
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
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