We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 17 April 10
DRY BULK MARKET EDGES HIGHER ON STRONGER DEMAND
.jpg) The dry bulk market managed to inch higher by the end of the week as brokers indicated that stronger cargo demand pushed freight rates that much higher. The Baltic Dry Index move forward to surpass the 3,000-point once again and end the week at 3,009 points. According to Weberseas’ latest weekly report “improving rates are pushing the indices upwards albeit at a steadier pace. All the market indices have finished the week positively with increases between 1-4%” said the report.
It further added that no doubt there is solid demand from China and coupled with the continued congestion around the world's main loading/discharging ports we are seeing a supply/demand imbalance. “Worldwide congestion currently stands at around 31 million deadweight. Australia and Brazil are accounting for about one third of this. At Australia's loading ports there are 5.7 million deadweight of ships waiting (half of which are panamax bulkers with 40 odd of these ships stuck in waiting). The figure is slightly less in Brazil at 4.7 mill deadweight” said Weberseas.
As the talks continue between the Chinese steel mills and the major mining producers (BHP Billiton, Rio Tinto and Vale) more and more of the Chinese importation is done via spot fixtures from other areas with India getting the lion's share. This means that supramax and panamax bulkers are benefiting and presently experiencing strong freight numbers. Panamax bulkers seem to be benefiting the most at the moment from the congestion and we are seeing the BPI standing at a 25% premium over the BCI (4,034 and 3,071 respectively). Both the supramax and panamax segments have also been assisted by the good grain trading volumes.
But brokers remained cautious, as their primary concern is the fact that rising iron ore prices could hurt demand and hit cargo activity. Iron ore prices in Asia were rising throughout the week, continuing a rally that started last month, with high grade ores at their highest since August 2008, Reuters said in a report, adding that China has been buying Indian iron ore, shipped using supramaxes, bolstering rates on the smaller vessel market.
Analysts from Commodore Research indicated in another update on Chinese commodity demand that China’s restrictions on iron ore imports have forced spot ore prices to increase sharply. Chinese iron ore fixtures have remained relatively firm this week, ore fixtures were very low yesterday and on Monday - but today they have increased. Chinese ore demand continues to remain firm, and, so far, importers are not truly heading a call to boycott Australian and Brazilian iron ore. Spot Indian iron ore prices have increased to approximately $146/ton FOB, an increase of $22 (18%) from April 5.
Omar Nokta of Dahlman Rose stated that if the quoted Vale price is accurate, the dry bulk market could see significant upside in the coming weeks, as $100 would represent a significant discount to current spot prices. "With more stability and increased visibility into iron ore pricing, the dry bulk market can begin to better reflect the stronger environment across the global industrial complex", Nokta said.
Source: Nikos Roussanoglou, Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 28 November 10
FREIGHT MARKET SEEMS TO BE NERVOUS - VISTAAR
COALspot.com - The freight market continued to remain uncertain even though only cape index was down by 8.31 pct.
Overall the market seems to be ...
Friday, 26 November 10
INDIA WILL IMPORT 100 MLN TONS OF COAL BY 2012 - LAKSHMINARAYANA
COALspot.com – “India’s coal shortfall will reach 100 million mt by 2011-12”, said Lakshminarayana, Vice Preside ...
Friday, 26 November 10
CHINAS COAL INVENTORY STAYS HIGH FOR 22 MONTHS AT 220 MLN T, ASSOCIATION
Xinhua News Agency reported that, China’s coal inventory has stayed high and unchanged for 22 months to be around 220 million tonnes, reflecti ...
Friday, 26 November 10
DR WOLFGANG CIESLIK TO HEAD GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com – (Press Release): The Management Board of the German Coal Importers Association (Verein der Kohlenimporteure e.V.) has elected D ...
Thursday, 25 November 10
ANALYSIS: COAL SECTOR: VALUE EMERGENCE - THE JAKARTA POST
Coal demand will remain firm due to a build-up of coal-fired power plants in India, China and Indonesia. As a result, we have upgraded our coal pric ...
|
|
|
Showing 5511 to 5515 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
|
| |
| |
|
