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 $100 would represent a significant discount to current spot prices. "With more stability and increased visibility into iron ore pricing, the dry bulk market can begin to better reflect the stronger environment across the global industrial complex", Nokta said.
Source: Nikos Roussanoglou, Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 22 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 25,000/26,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR ANALYSIS
COALspot.com (Singapore): Analyised by Capt. Radhakrishnan Reddy, Managing Director of Vistaar Shipping Services, Singapore.
BDI hits a new high ...
Friday, 20 November 09
INDONESIA UNITED TRACTORS PLANS $430 MLN CAPEX IN 2010
Reuters reported that, Indonesian heavy equipment distributor and mining contractor PT United Tractors Tbk plans capital expenditure of $430 million ...
Friday, 20 November 09
DRY BULK SHIP OWNERS HOPE RALLY WILL LAST
Boon times are still on the daily agenda of every dry bulk ship owner these days after one of the toughest year in the industry’s century-old ...
Friday, 20 November 09
NTPC LOOKING FOR LONG TERM CONTRACTS FOR COAL IMPORT
Business Standard of India reported that, State run power firm NTPC today said it is looking for long-term supply of coal from overseas market to me ...
Friday, 20 November 09
CHINESE COKING COAL SUPPLY TO BE 'TIGHT' IN 2010, KGI SAYS
Bloomberg Reported that, Stephen Wang, an analyst with KGI Securities in Taipei, comments on the outlook for Chinese steel production and demand for ...
|
|
|
Showing 6231 to 6235 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Trasteel International SA, Italy
- The University of Queensland
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- GMR Energy Limited - India
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
|
| |
| |
|
