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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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Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
Thursday, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mi ...
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Showing 5956 to 5960 news of total 6871 |
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- Indian Oil Corporation Limited
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- Ministry of Mines - Canada
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Marubeni Corporation - India
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
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- The Treasury - Australian Government
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- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
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- CNBM International Corporation - China
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
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- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Global Coal Blending Company Limited - Australia
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- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
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- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
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- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
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- Global Green Power PLC Corporation, Philippines
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- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
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- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
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- SMG Consultants - Indonesia
- Parliament of New Zealand
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- Directorate Of Revenue Intelligence - India
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- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
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- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
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- Petron Corporation, Philippines
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- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
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- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
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- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
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- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
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- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
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- Parry Sugars Refinery, India
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- Bharathi Cement Corporation - India
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