CATEGORIES
Iron Ore Exports Can Bolster India's Coal Logistics: Drewry
Though it is more cost-effective to charter larger vessels, Indian buyers prefer the smaller ones due to 2 reasons. One is that the ports in India can more easily accommodate the smaller vessels. Secondly, the vessels which bring coal to India from Indonesia, instead of returning empty, load iron ore in India and head for China from where they return empty to Indonesia. From India to China, the freight cost for iron ore is around $6 per ton, covering around 3,000 nautical miles. This strategy reduces the shipping companies’ costs by almost 25 percent, Rahul Sharan, Lead Research Analyst, Drewry Maritime Research, tells Madhumita Mookerji.
'DFCS Will Play Key Role In 1 Bn Ton Coal Scenario'
The bulk of the 1 billion ton of Coal India’s production and 500 mt of captive output by 2020 will be carried by Indian Railways. However, the Dedicated Freight Corridors will be the game changer. Rather than moving 4,000 tons in a rake, if 15,000 tons are transported at one go and through efficient means, logistics costs will come down. And that should get reflected in the freight rates, Virendra K Arora, Chief Mentor, Karam Chand Thapar & Bros (Coal Sales) Ltd, tells Arindam Bandyopadhyay and Madhumita Mookerji. Excerpts from a freewheeling interview:
Coking Coal Offers Fall In October
Seaborne coking coal prices fell in October on low procurement in China and India, industry sources said.
India's Aug Coal Imports Down 6% Y-O-Y
India’s coal and coke imports during August 2017 through 31 major and non-major ports are estimated to be down by 5.65 percent compared to August 2016, according to a compilation by Coal Insights, based on monitoring of vessels’ positions and data received from shipping companies and various sources.
SCCL Production Up 13% In September Y-O-Y
Singareni Collieries Company Ltd (SCCL) achieved a 12.91 percent growth in coal production in September 2017, compared to the same month last year, according to data released by the company.
No Power Capacity Addition In September
There were no power generation capacity added during September 2017, according to a report released by the Central Electricity Authority (CEA).
Traffic Handled By Major Ports Up 3% In Apr-Sep 2017
The 12 major Indian ports handled 326.38 million tons (mt) of total traffic during April-September period of 2017, about 3.23 percent higher than 316.14 mt recorded during April-September, 2016, according to data released by the Indian Ports Association (IPA).
India To Provide Assistance For Nepal Hydro Project
In a move that will bolster the bilateral economic relation with the Himalayan country, the Indian government has decided to provide financial and technological assistance to the Pancheswar hydro power project in Nepal, an informed source said.
Rinl Leverages On PCI Use To Reduce Cost
Rashtriya Ispat Nigam Ltd (RINL), which operates the Vizag Steel Plant, is leveraging on use of pulverised coal injection (PCI) in its all three blast furnaces to save around ₹300-400 crore in the current fiscal, according to P Madhsudhan, Chairman and Managing Director, RINL.
India Dances To Dragon, Aussie Met Coal Beats!
China leverages its domestic met coal production to control prices
Indonesian Power Sector Facing Short Circuit?
Could king coal retain its throne or would it have to abdicate in favour of renewables? The war is intensifying day by day and power generation is the sector where ripples of the oncoming tsunami could most be felt.
11th Indian Coal Markets Conference Focus On Industry Challenges
mjunction services limited, a joint venture between Tata Steel and SAIL, and the country’s largest e-marketplace for coal and steel, hosted the 11th International Coal Markets Conference (ICMC).
Traffic Handled By Major Ports Up 3% In Apr-Aug 2017
The 12 major Indian ports handled 273.96 million tons (mt) of total traffic during April-August period of 2017, about 3.26 percent higher than 265.3 mt recorded during April-August, 2016, according to data released by the Indian Ports Association (IPA).
Solar, Wind Cannot Go Beyond 40% Of Energy Mix
Solar, Wind Cannot Go Beyond 40% Of Energy Mix
Coking Coal Offers Rise In December
Coking Coal Offers Rise In December
India's Oct Coal, Coke Imports Up 17% Y-O-Y
India's Oct Coal, Coke Imports Up 17% Y-O-Y
Coal India Production Up 2.58% In November Y-O-Y
Coal India Production Up 2.58% In November Y-O-Y
Nov Power Capacity Addition At 157 MW
Nov Power Capacity Addition At 157 MW
US Coal Production Up 8% During Jan-Nov
US Coal Production Up 8% During Jan-Nov
FM Presents Rural Focused Union Budget
FM Presents Rural Focused Union Budget
US Coal Production Estimated To Decline 2% In 2018
US Coal Production Estimated To Decline 2% In 2018
2018 Holds Bright Prospects For Global Thermal Coal Sector
2018 Holds Bright Prospects For Global Thermal Coal Sector
NCL To Soon Enter The Coveted 100 MT Club
Two years to go for the 2020 deadline, Northern Coalfields Ltd (NCL) remains the only miner within the fold of Coal India Ltd to stick to its production target. In fact, the Singrauli-headquartered subsidiary is expected to cross its target in the current fiscal. Moreover, the company is expected to make a gala entry into the coveted club of 100 million tons plus coal producers soon, Prabhat Kumar Sinha, CMD, NCL tells Arindam Bandyopadhyay in an exclusive interview.
India's July Coal Imports Down 24% Y-O-Y
India’s coal and coke imports during July 2017 through 31 major and non-major ports are estimated to be down by 24.21 percent compared to July 2016, according to a compilation by Coal Insights, based on monitoring of vessels’ positions and data received from shipping companies and various sources.
Singareni's Production Slips 14% In October Y-O-Y
After achieving a 12.91 percent growth in coal production in September 2017, Singareni Collieries Company Ltd (SCCL) suffered a 14.04 percent decline in October 2017, compared to the same month last year, according to data released by the company.
India's Dec Coal Imports Up 15% Y-O-Y
India's Dec Coal Imports Up 15% Y-O-Y
Coal India Production Up 1.25% In January Y-O-Y
Coal India Production Up 1.25% In January Y-O-Y
India's Jan Power Capacity Addition At 850 MW
India's Jan Power Capacity Addition At 850 MW
CIL Shuts Down 67 Mines In Last 3 Years
CIL Shuts Down 67 Mines In Last 3 Years
'Low Spend On It Slowing India's Mining Operations'
'Low Spend On It Slowing India's Mining Operations'