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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 $7 on every tonne of coal imported if the freight rates stay at this level,” he added.
The freight rates are not floating and an importer will have to incur the cost on an hourly basis. Supply of coal is likely to begin in 10-15 days and most of the coal will be sourced from Indonesia and South Africa.
Three companies — Adani Enterprises, Agarwal Coal and Bhatia Coal — are expected to execute the import order of 12.5 million tonnes of non-coking coal over 12 months. Bhatia Coal and Agarwal Coal will import 2.5 million tonnes and 3.75 million tones of coal, respectively, while the rest will be imported by Adani.
MMTC re-opened the import tender in mid-September after a previous bid was suspended on allegations of improper standards. MMTC had called for bids from private parties to supply coal on June 4, 2009, which it subsequently cancelled.
Source: Economic Times
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Monday, 16 November 09
141 VESSELS ARE EXPECTED TO LOAD 8.833 MILLION TONS OF INDONESIAN COAL BEFORE 30 NOVEMBER 2009
COALspot.com (Indonesia): 141 vessels are expected to load or sail with 8.833 million tons of Indonesian coal before 30 November 2009.
A source f ...
Sunday, 15 November 09
NALCO SHELVES SA PROJECT- PUTS IRAN PROJECT ON HOLD
The Economic Times reported that, In a twin decision on its global operations involving about Rs 27,000-crore (US$ 5.847billions) investment, the st ...
Saturday, 14 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 19,000 / 20,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR SINGAPORE
COALspot.com (Singaproe): BDI continues to rally crossing the 4,000 mark. The BDI increased this week by 718 points up by 21 pct and closed at 4,111 ...
Saturday, 14 November 09
CHINA HAS BEEN THE LARGEST SINGLE BUYER OF INDONESIAN COAL IN OCTOBER, TAKING 24.37% OF TOTAL EXPORT QUANTITY OF 22.637 MILLION TONS
COALspot.com (Indonesia): China has been the largest single buyer of Indonesian coal in October 2009, taking 24.37% of total export quantity o ...
Saturday, 14 November 09
ASIA'S POWER SECTOR IS INVESTING IN COALMINES TO SECURE SUPPLIES
COALspot.com (Press Release): Asia Coal Power conference in Jakarta pinpoints growing power demand in Asia & Power sector investments in Indones ...
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- Petron Corporation, Philippines
- Eastern Coal Council - USA
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- SN Aboitiz Power Inc, Philippines
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- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Australian Coal Association
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- The State Trading Corporation of India Ltd
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- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- White Energy Company Limited
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
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- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Economic Council, Georgia
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- Standard Chartered Bank - UAE
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- Independent Power Producers Association of India
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- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- PTC India Limited - India
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- Global Coal Blending Company Limited - Australia
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- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
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- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
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- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
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- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
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- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
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- Tamil Nadu electricity Board
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- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
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- Planning Commission, India
- Merrill Lynch Commodities Europe
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- India Bulls Power Limited - India
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- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
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- Parliament of New Zealand
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