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.
|
|
Wednesday, 20 October 10
CANADIAN CHALLENGER ACQUIRES INDONESIAN COAL PROJECT
COALspot.com (Press Release): According to Challenger Deep Resources Corp's website and press release posted on the site, Challenger Deep Res ...
Wednesday, 20 October 10
ADANI THE LARGEST COAL IMPORTER OF INDIA IS NEGOTIATING WITH COAL INDIA LIMITED FOR A SUPPLY AGREEMENT - TOP NEWS
Top News reported that, negotitations are very much on between Adani Enterprises, the biggest coal importer of the country and Coal India Limited, t ...
Wednesday, 20 October 10
UAE FIRM IN INDONESIA RAIL DEAL - GULF NEWS
Gulf News reported that, construction of a 140-kilometre railway in Indonesia, initiated by RAK Minerals and Metals Investments (RMMI) will start ne ...
Wednesday, 20 October 10
CAPESIZES FINDING SUPPORT IN IRON ORE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the beginning of the week wasn’t the rosiest one for the dry bulk market, last week proved a cheerful one for dry bulk ship owners, e ...
Saturday, 16 October 10
BDI WAS MARGINALLY UP BY 2.45 PCT LAST WEEK - VISTAAR SHIPPING
COALspot.com: The BDI seemed to lose the moment compared to last week and was marginally by 2.45 pct and closed at 2,762 points.
Also the Cape in ...
|
|
|
Showing 5561 to 5565 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- London Commodity Brokers - England
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Ministry of Mines - Canada
|
| |
| |
|
