We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 28 April 10
DRY BULK MARKET
 After a prolonged period of anticipation and a stalled dry bulk market in terms of freight rates, the industry’s benchmark, the Baltic Dry Index (BDI) rose yesterday by more than 6% on a daily basis to 3,203 points, with analysts unanimous that stronger iron ore demand from China was the key reason. The BDI now stands at its highest level in more than one month, while reports said yesterday that smaller Chinese steel mills began buying iron ore at quarterly prices agreed by Japan and South Korea, in a move that effectively ends the old benchmark system.
In its weekly report, shipbroker BRS (Barry Rogliano Salles) said that South Africa’s Richards Bay terminal confirmed a sharp rise in Asian exports, which rose to 42% of total shipments in the first quarter of this year, up from 25% a year earlier – due mainly to Chinese and Indian demand.
In Europe, Thyssenkrupp became the first European buyer to confirm it had agreed an iron ore price on a quarterly basis. In line with the Japanese contracts, it also reported a 100% price increase, back-dated to April 1. Commenting on the capesize market prospects, BRS said that the market will continue to watch what impact the new, higher commodity prices will have on demand.
According to brokers quoted by Reuters, high congestion at Brazilian ports had also helped drive rates higher, especially for the larger capesize ships. They added that freight derivatives contract buying had added to the positive momentum. Andrew Dawson, a broker with Freight Investor Services was quoted by the agency saying that "it seems to be a combination of a lack of vessels in the Atlantic and also increased demand from the Chinese. It's iron ore that has driven this push." As a result, capesize vessels, typically the main haulers of iron ore were the principal gainers from yesterday’s upward push in the market. Average earnings rose to $35,109, according to the Baltic Exchange.
In a separate report, JP Morgan Chase & Co. raised its previous estimates on global demand for dry bulk commodities, saying that it will expand by 6 percent in 2010, versus its previous forecast of 3.7 percent. On a similar note, JP Morgan said that it expects iron ore trade growth to reach 11.2%, from an earlier prediction of 5.7%, while coal demand will expand by 5.7%, up from the previous estimate of 3.8%. In other words, the investment bank almost doubled its estimates on global dry bulk trade growth, in what could be translated as a pretty strong sign of the industry’s ability to leap out from the crisis and also face with very increased chances the issue of tonnage oversupply.
On that matter, JP Morgan commented that the increased trade will coincide with half the ships that are scheduled to be built this year being delayed or cancelled, as yards in Asia fail to deliver a record order book on time. “We do not believe that it is even physically possible for the shipyards to meet this robust schedule, with or without financing concerns,” said the report, quoted by Bloomberg.
JPMorgan increased its forecasts for what ships will earn as a result by as much as 33 percent. Panamax ships, the largest to sail through the Panama Canal, will average $21,200 a day this year, up from a previous forecast of $16,000, JPMorgan said. Rates for capesizes, were revised up 3.1 percent to $33,000 a day; supramaxes were increased 22 percent to $17,100 a day, and handymaxes will make $14,700, compared with a prior estimate of $12,000, it said.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 04 March 10
THE INDIAN MARKET WAS STILL STRONG - FEARNRESEARCH
HANDY
Activity has gradually improved in the Atlantic throughout the week. All areas&n ...
Thursday, 04 March 10
GLOBAL COAL PRICES GETS SUPPORT FROM EM DEMAND
Commodity Online reported that, AP12 coal prices look well supported in 2010 thanks to positive outlook for Chinese coal demand whereas coal demand ...
Thursday, 04 March 10
THREE NEW GLOBAL PRICES INDEXES FOR COKING COAL
Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three ...
Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the ...
Tuesday, 02 March 10
INDONESIA'S PROTECTED FORESTS NOW OPEN TO DEVELOPMENT
The Jakarta Globe reported that, President Susilo Bambang Yudhoyono has signed a decree to allow mining, power plants and other projects deemed stra ...
|
|
|
Showing 5961 to 5965 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Planning Commission, India
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- The University of Queensland
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Ministry of Mines - Canada
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- PowerSource Philippines DevCo
|
| |
| |
|
