We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 04 May 10
DRY BULK MARKET SOFTENING AGAIN ON LACK OF DIRECTION
 The dry bulk market has put on the brakes once again, after the last session of the Baltic Dry Index ended at 3,354 points, down 5 from the previous day. The capesize segment lost 62 points to reach 3,936, while the smaller panamax market gained 9 points to reach 3,900. Still, the irregularity observed during the previous weeks, when a panamax vessel could command higher fees than a comparative capesize has been eradicated after last week’s rally.
Still, in just one week the cape market has regained most of the ground lost since mid March, with the BCI closing on Friday at 3,936 points (+698 or +21.6% week on week) said Barry Rogliano Salles in a latest report. “This surge has been achieved on the back of short tonnage lists in the Atlantic and a rush for fixing before the Chinese/ Japanese holidays. However, the enthusiasm went a little down on Friday’s little downward correction. There was some increased period activity for one year duration, done in the mid 30s level, up from the low 30s of the previous weeks” said the report.
Summarizing the latest developments affecting the dry bulk market, BRS said that the project supported by the Australian Government to raise a so-called “resource rent tax” has come as a shock for the iron ore miners. Apart from the immediate reaction of the stock exchanges towards mining shares, the miners themselves have warned authorities that this tax (if implemented) could freeze a big share of their development projects.
“Analysts already predict that this tax could prevent some M&A initiatives to go further and decide some foreign investors to revise their plans. At the same time in China the CISA has called for a tax cut on domestic mining and a development of local supply. On the iron ore market, most players seem to be bearish about price evolution and wait-and-see attitude prevails for the moment. Lack of clear direction has also been the case for dry bulk shipping markets where despite a rate hike for Capes over the last 5 trading days, the week ended on a softer note.
Rumors have started circulating about a merger project by Glencore with Xstrata (of which they already won 34%) which could rocket the group to the top of the world commodity players’ ranking. No comments have so far been obtained from the two groups but according to analysts this project could be a key part of Glencore wider restructuring plan” said the shipbroker.
Still, in a recent report by N.Cotzias Shipping Group, we had noted that capes could very well be in for a run. “The fundamentals tell us that the Steel demand in China that leads the Iron]Ore Demand/Supply “tug of war” is there strong, and although China has reduced its iron ore imports from India due to an increase in excise duty and low grade imports into the country, overall trade has picked up, causing BDI to remain steadily in the range of 3k.
The past 2-3 weeks we have seen the Chinese Iron/Ore importers with the backing of the CISA, to be playing a nerve racking tactical cold war game with the giant Miners and Iron/Ore exporters. We strongly believe it is time that the flow returns to the normal levels and this "artificial" scarcity and shortage in the demand that was triggered partly as a boycott threat, cum pressure, will be resolved soon.
It is not a common secret after IMF released last week the latest word growth figures, that China's GDP growth estimate for 2010 is in double figures of 10%, and recent trade figures show that the improrts of Iron/Ore will exceed in volume those of 2009 by 7%” reaffirmed the report.
Source: Nikos Roussanoglou, Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 28 June 10
REVISIONS SHOULD AIM MINERAL AND COAL LAW
VIVAnews reported that, the Consortium of Mineral, Coal and Geothermal-Producing Regional Governments (Minerbapabum) is asking the government to per ...
Monday, 28 June 10
MEC TO INK COAL-EQUITY SWAP DEALS WITH POWER PROJECTS
Business Line reported that, First it was power producers moving to pick up stakes in coal mining projects to ensure the raw material supplies.
N ...
Monday, 28 June 10
COLOMBIA WILL LIKELY EXPORT 80 MILLION TONNES OF COAL IN 2010
Best Colombia reported that, Mr Hernan Martinez energy and mines minister of Colombia told reporters that Colombia will likely export 80 million ton ...
Monday, 28 June 10
WESFARMERS' SEPT QTR COAL PRICE UP 11% - SMH
SMH reported that, Wesfarmers Ltd says it expects a 11 per cent increase in prices for metallurgical coal from its Curragh mine in Queensland in the ...
Saturday, 26 June 10
THE SUPRAMAX INDEX FOR S6 ROUTE WAS UP BY US$ 1091 PER DAY OR 5.7 PERCENT D-O-D -- VISTAAR
COALspot.com: The market appears to be steadying with all indices almost stabilizing and the drop much less than last two weeks.
The BDI softened ...
|
|
|
Showing 5756 to 5760 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Edison Trading Spa - Italy
|
| |
| |
|
