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.
|
|
Tuesday, 16 October 12
DRY BULK FREIGHT RATES COULD IMPROVE ON CHINESE STIMULUS AND WINTER CARGO DEMAND SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
BIMCO has given out its forecast for the next six weeks, in terms of freight rates for dry bulk carriers. According to them, Capesize TC Average rat ...
Monday, 15 October 12
IT'S STRICTLY COME CHARTERING - CLARKSON RESEARCH SERVICES
The charter market is a bit of a dance between ship owner and charterer: one leader, one follower; one step, two steps, turn... The dance is symbiot ...
Sunday, 14 October 12
SUB-BIT INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS: SOFT
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery lost 0.329 percent w- w but gained 0.248 percent d-d on Friday, 12 Oct ...
Sunday, 14 October 12
SUPRAMAX FREIGHT STEADY: PANAMAX FREIGHTS FIRM - VISTAAR
COALspot.com - The shipping market saw some hectic activity in the Cape and panamax sector and quite a lot of fixtures reported.
The BDI was up b ...
Friday, 12 October 12
HOW REAL IS THE THREAT OF PIRACY? - BIMCO
The threat of modern piracy remains serious, regardless of its seasonal variations and the fact that it is chiefly confined to the Indian Ocean, Gul ...
|
|
|
Showing 4536 to 4540 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
|
| |
| |
|
