We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
 The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (BDI) from late 2008 and until today. Yesterday, the industry’s index was almost stagnant, falling by a marginal 10 points at 2,981, with the panamax and supramax sectors posting small gains, while the larger capesize vessels losing some ground.
The latest weekly report from Paris-based shipbrokers Barry Rogliano Salles (BRS) said that rates came under pressure last week, with all segments posting declines except the capsizes. “Overall the BDI logged a 3% drop, despite a 5% increase in Cape rates” said the broker.
Of course, the past week’s news were all about the outcome of the iron ore negotiations, where both participating sides turning up the heat. “China’s Iron and Steel Association called on its members to impose a two-month boycott of the three major miners in protest at steep price rises. CISA said stockpiles were sufficient to keep the mills supplied for this time, although opinion was divided whether CISA’s 120 members, accounting for 90% of China’s steel output, could be persuaded to comply. Members may fear a repeat of last year, when they refused prices agreed by the Japanese only to see spot levels continue to climb.
Meanwhile Vale stated it had signed new quarterly contract deals with the vast majority of its clients, equivalent to 90% of sales volumes under contract. It is not clear how many Chinese buyers are included in this total, however. More than three-quarters of Vale’s sales to China were made on a spot basis in 2009. However the Brazilian miner did say it expected to sell 45% of its volumes to China on the spot market in the current year” said BRS.
On the capesize front, it was a stronger week, although for the most part gains were only evident on the Tubarao - China, and Richards Bay - China routes where rates jumped between 7%-13% between Monday and Thursday. Rates hardly moved in the Atlantic, where there was little fixing. Sentiment still seems relatively positive for the short term, with both period charters and forward rates above spot prices. Third quarter FFA rates are currently trading at US$32,570/day. Overall the four time charter finished at US$30,641/day on April 1 ahead of the Easter holiday. However at the resumption of business on Tuesday it fell back to US$29,919, while the BCI fell 52 points to 3,377 points.
Meanwhile, on the Panamax front and particularly in the Pacific, cargo enquiry, especially for Indonesian coal, returned again, after an almost two-week break. “Time charter levels are now above $28,000 per day for a modern Panamax delivery. At the same time, we have also seen many vessels open for prompt dates, especially older vessels without RightShip approval. Some iron ore traders are still active, especially on WCI and PG: older Panamaxes open WCI were fixing at US$28,000/day back to China for dates at the end of April, and at least US$37,000 daily for a modern Panamax open PG prompt. Some vessels open Singapore or south east Asia are still opting for ECSA grain, with modern Panamaxes pushing for over US$33,000 per day and older vessels for mid/high US$20,000s” said BRS.
As for the smaller supramax/handy vessel types, rates were declining across the board last week, with the supramax time charter average ending the week at $25,188, compared to $28,829 in the previous week. As for the handy market it stood at $19,781 versus $21,434 a week earlier. “The underlying sentiment remains firm, however, with still a fairly large amount of iron ore to move out of India, coal out of Indonesia and grains out of ECSA. This being said, open positions remain plentiful though not always exactly where they are needed. The immediate effect has been that charterers have become more picky when it comes to short period tonnage, with positioning becoming of dramatic importance” concluded BRS.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 08 December 09
HIGH GLOBAL COAL PRICES HIT POWER PROJECTS
Spot prices for the fuel have appreciated almost 10% in November.
After a sedate year, rising coal prices could hit the coffers of import-based d ...
Monday, 07 December 09
HOW INDIA CAN CUT ITS ENERGY NEEDS BY 20%!
Using energy more efficiently can reduce our energy needs by one fifth; it is a strategy we must pursue even as we promote renewables, says Kirit Pa ...
Monday, 07 December 09
ASIA COAL POWER IN INDONESIA DISCUSSES NEW MINING LAW, COAL AND POWER SECTORS AS INVESTMENTS POUR INTO COALMINES TO SECURE SUPPLIES
COALspot.com (Singaproe): Press Release - Asia Coal Power pinpoints growing power demand in Asia & Power sector investments in Indonesia's coal ...
Monday, 07 December 09
DRY BULK RATES' VOLATILITY TO STAY, BUT RECOVERY IS UNDERWAY SAYS ION VAROUXAKIS HEAD OF FREESEAS
In an interview with Hellenic Shipping News, Mr. Ion G. Varouxakis, Chairman of the Board, President and CEO of Nasdaq-listed Freeseas, explains why ...
Monday, 07 December 09
VEDANTA RESOURCES ISSUES TENDER TO IMPORT 2.25 MILLION COAL
COALspot.com (India): Vedanta Resources plc is a London stock exchange listed FTSE 100 diversified metals and mining major with revenues in excess o ...
|
|
|
Showing 6191 to 6195 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- The University of Queensland
- Parliament of New Zealand
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
|
| |
| |
|
