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Monday, 17 October 11
CAPESIZE SHIPPING COSTS CLIMB TO 10-MONTH HIGH ON ORE IMPORTS
 The cost to hire capesize vessels climbed to a 10-month high as rising imports of iron ore to China boosted demand for the ships.Monthly iron-ore shipments to China, the largest consumer of the material, will average 60 million metric tons from September through December, UBS AG said in a report dated yesterday. That would exceed the record 59 million tons imported in the first quarter of 2011, data compiled by Bloomberg show.
Daily rents for the fleet of 1,297 capesize vessels that haul iron ore and coal advanced 1 percent to $31,329 a day, the highest since Nov. 25, according to the London-based Baltic Exchange. The exchange provides freight costs on more than 50 maritime routes. Rates have more than tripled since Aug. 1.
Iron ore imports to China are expected to slow in the next few months as the country’s growth moderates, steel prices fall and production declines, RS Platou AS, an Oslo-based investment bank, said in a weekly report e-mailed today.
“That said, a steep decline in iron ore prices could see sustained imports of iron ore despite easing demand,” the bank said.
Iron ore, coking coal and steel products account for 51 percent of dry-bulk seaborne trade, estimated at 3.56 billion tons for 2011, according to Germany’s DVB Bank SE, which specializes in transportation lending. An estimated 63 percent of the 1-billion tons of ore shipped by sea this year will go to China, according to UBS.
Imports Cheaper
Since early August imported iron ore has been cheaper to buy than ore mined in China, supporting shipping hire costs, Omar Nokta, a New York-based shipping analyst at Dahlman Rose & Co., said in an e-mailed response to questions. That’s only happened three or four times since 2008, he said.
Prices in China for the imported steel-making ingredient declined 8 percent this month, tempting buyers to delay purchases until prices fall even more, Plamen Natzkoff, a freight, iron ore and coal trader at London-based Ronly Holdings Ltd. said.
“The strength of demand is not what’s driving the volume of shipments, it’s the availability of the material that is driving the volume,” Natzkoff said by phone. Miners in Australia and Brazil expanded production in the last two or three months, sending prices lower, he said.
Chinese mines produced the equivalent of 315 million tons of iron ore of 63 percent iron content, while the country imported 619 million tons in 2010, the United Nations Conference on Trade and Development said in a report published in July.
The Baltic Dry Index, a broader measure of commodity shipping costs, advanced 0.8 percent to 2,173 points, the highest since Dec. 7. Shipping rates rose for all four vessel types that the Baltic Dry Index tracks. Panamaxes, the largest to navigate the Panama Canal, gained 1.1 percent to $16,702 a day. Smaller supramaxes rose 0.7 percent to $16,671 and handysizes climbed 0.4 percent to $11,911.
Source: Michelle Wiese Bockmann, Alaric Nightingale, Bloomberg, Hellenic Shipping
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Wednesday, 14 October 20
CHINA COKING COAL FUTURES RALLY ON REPORTED BAN ON AUSTRALIA CARGOES - REUTERS
Dalian coking coal futures rallied for a sixth straight session on Tuesday after reports surfaced that China had stopped buying coal from Australia ...
Wednesday, 14 October 20
MARKET INSIGHT - INTERMODAL
The tanker market has experienced severe freight rate and asset value declines over the past 5 months. A potential market upturn may arise in the c ...
Friday, 09 October 20
INDIA'S COAL IMPORTS IMPROVE SOMEWHAT, BUT RECOVERY IS UNEVEN - REUTERS
India’s coal imports, depressed by the impact of coronavirus this year, regained ground in September, but in an uneven uptick – shipmen ...
Thursday, 08 October 20
CHINA'S COAL IMPORTS FROM INDONESIA DECLINED 16.4% Y-O-Y, TO 80.2 MLN TONNES IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
China's coal imports boomed in 2019, surprising many who had expected the government would clamp down strictly on shipments.
...
Thursday, 08 October 20
GLIMMER OF LIGHT FOR COAL, BUT SHORT TERM - FNARENA
Is coal on the rebound? Demand appears stronger and supply reductions have underpinned a tightening market. Certainly, the Newcastle thermal coal p ...
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- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Planning Commission, India
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- McConnell Dowell - Australia
- Australian Coal Association
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
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