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.
|
|
Monday, 23 August 10
COAL FOR FAST-TRACK PROGRAM ASSURED
Antara and the Jakarta globe reported that, the coal supply for the government’s 10,000 megawatt “fast- track” program was assured ...
Monday, 23 August 10
NOBLE RESOURCES AND PAN ASIA INK MAJOR COAL DEAL
Pan Asia Corporation Limited has, via Innovation West Pty Ltd, entered into a binding coal purchase & finance agreement with Noble Resources Pte ...
Monday, 23 August 10
THE FREIGHT MARKET IS EXPECTED TO BE FIRM FOR NEXT COUPLE OF WEEKS - VISTAAR SINGAPORE
COALspot.com: The BDI continued to rise this week by 11.67 pct with the other sectors also keeping the moment. The cape size index also was up by 11 ...
Friday, 20 August 10
JAKARTA TO HOST 9TH ASIA PACIFIC MINING CONFERENCE AND EXHIBITION IN OCTOBER
ASEAN Federation of Mining Association (AFMA), an association of mining groups in Southeast Asia, will hold the 9th Asia Pacific Mining Conference a ...
Friday, 20 August 10
OVERSEAS AND GENERAL SUBSIDIARY INKS US$52M JONGKANG COAL SALES CONTRACT - PROACTIVE INVESTORS
Proactive Investors reported that, overseas and General (ASX: OGL) has reported that its Indonesian majority owned subsidiary, PT OGL Indotrade, has ...
|
|
|
Showing 5651 to 5655 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- The University of Queensland
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Mercator Lines Limited - India
- PTC India Limited - India
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- ASAPP Information Group - India
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
|
| |
| |
|
