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Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
 Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaode, the company's president said yesterday. "We will intensify our cooperation with Shenhua Group to improve the freight capacity for coal", Li, who is also a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), told China Daily on the sidelines of the ongoing conference.
"The first two months have already seen seven million tons of coal shipped," he said, "and we estimate that it will rise to 40 million tons for the whole year."
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“2010 coal demand is likely to rise by 4 to 6 percent over last year to some 3.36 bln tons, and production will increase by nearly 300 mln tons” - National Coal Association, China
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As the second largest sea-cargo group in China, China Shipping (Group) Company transported less than 10 million tons of coal for Shenhua Group in 2009, while Shenhua Group, China's largest coal producer, had 159 million tons of its coal shipped in total that year.
According to data from the National Coal Association, 2010 coal demand is likely to rise by 4 to 6 percent over last year to some 3.36 billion tons, and production will increase by nearly 300 million tons.
Efforts to Improve Freight Capacity
However, Li also expressed his concern about the slow recovery of the global economy and its effect on China's exports, and said the company will not adjust its container business this year. Instead, it will concentrate its efforts on improving the freight capacity of oil tankers and bulk carriers.
The shipping capacity of oil tankers will rise by 30 percent to 7 to 7.5 million tons in 2010, and that of bulk carriers will increase by 15 percent to 30 percent to 8 to 8 million tons, he said. Data show that the freight capacity of the company's bulk carriers rose by 10% in 2009 over the previous year.
"By the end of this year, 12 oil tankers each with a carrying capacity of 3 million tons will be put into operation," he said.
The company has also ordered 16 VLOCs (Very Large Ore Carriers), half with a freight capacity of 230,000 tons and half 3 million tons. "Four of the 230,000 ton-capacity VLOCs will be put into use this year," Li added.
No Major M&A Investment in 2010
When asked about the company's overseas merger and acquisition plans for 2010, Li Shaode replied that although there are ample opportunities, right now is not the best time for major investments. "We will have to wait till the next year, when we will pour our money into port construction and logistics," he said.
However, Li did reveal that talks on liquefied natural gas (LNG) transportation between the company and China's two oil giants, China National Petroleum Corporation (CNPC) and China Petroleum and Chemical Corporation (Sinopec), will yield an agreement soon.
As for the global shipping market in 2010, Li said he expects the cargo rates to "rise in the first few months and drop in the last few months," as indicated by the current supply and demand. "So we will try to attract as many as customers as possible in the first half of the year," he said.
Latest Agreements
China Shipping Development, a listed subsidiary of China Shipping (Group) Company, concluded a strategic cooperation agreement with China Datang Corporation (CDT) while China Shipping Container Lines, another listed subsidiary signed a strategic cooperation agreement with China Grain Reserves Corporation (Sinograin) a day later.
Source: China Daily / Hellenic Shipping News
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Tuesday, 09 March 10
MINING LAW OPTIMIZES SECTOR
Law No. 4 / 2009 on Mineral and Coal Mining have given a new direction for the future of mining in Indonesia, including Domestic Market Obligation, ...
Tuesday, 09 March 10
STRONG REBOUND IN ALL THE DRY BULK SEGMENTS THIS WEEK
There was a strong rebound in all the dry bulk segments this week, leading to an 18% jump in the Baltic Dry Index.
The Cape and Panamax markets s ...
Tuesday, 09 March 10
L&T POWER EYEING COAL MINES IN AUS, INDONESIA
L&T Power Development Company, a part of the Larsen & Tubro Group, plans to acquire coal mines in Australia and Indonesia, a top company off ...
Tuesday, 09 March 10
BHP AGREES SHORTER-TERM COAL DEALS WITH EUROPEAN, ASIAN CUSTOMERS
Diversified miner BHP Billiton on Monday reported that it had reached sales terms for a significant portion of its hard coking coal volumes for 2010 ...
Monday, 08 March 10
KPCL TO IMPORT 0.9 MILLION TON OF 6000 GCV COAL
COALspot.com: India's Karnataka Power Corporation Ltd is seeking to import 0.9 million metric tons of 6000 kcal/kg (adb) Gross Calorific Value stea ...
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Showing 5951 to 5955 news of total 6871 |
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- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- PTC India Limited - India
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Planning Commission, India
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Australian Coal Association
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
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