We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 15 May 10
DRY BULK MARKET POSTS HEALTHY WEEKLY GAINS
 The dry bulk market has reached new highs this week, the second consecutive solid one, with the industry’s benchmark, the Baltic Dry Index (BDI), inching closer and closer to the 4,000 point mark. On Friday, the BDI ended at 3,939, up by 15, capping the week with a nearly 9% gain overall, although the capesize segment showed some modest signs of fatigue by the end. Throughout the week, all of the indices were well up, as the market is showing its strength.
In its latest weekly report, Weberseas noted that “with it came stronger period activity across all areas. Whilst the newebuilding supply of ships continues, it seems that demand factors are very strong. Port congestion around the world continues to take ships off the market (at Newcastle, Australia alone there are some 33 vessels queuing off the port waiting to load 2.87 million tonnes of coal).
At the same time the world economy appears to be recovering at a steady rate with U.S. consumption (the driving force of global growth before the crisis) having gained significant momentum. Another good factor for dry bulk growth is the fact that the demand for non-oil commodities has grown at a remarkable pace in April. According to the World Bank non energy commodity price index increased by 9.6% in April alone, up from 1.7% in March!!! The index was supported by iron ore, agriculture and precious metals, while some industrial metals saw minor losses” said Weberseas.
But the shipping community is closely monitoring developments in China, which still plays a key role for the market. According to a latest note by Commodore Research & Consultancy, “Chinese steel production continues to set new records, and yet fears of an economic slowdown persist. China produced 55.4 million tons of crude steel in April, an increase of 430,000 tons (1%) from the previous monthly record of 54.97mt produced in March. Despite the ongoing robustness in Chinese steel production, many market observers have begun to sound the alarm that China’s economy is slowing down. These pundits are correct to be concerned over government policies aimed at restricting bank lending, slowing real estate prices, and slowing car purchases - but Chinese steel output has yet to decline.
Firming steel stockpiles may be signaling that Chinese steel production is set to slow however. Stockpiles of Chinese flat and construction steel products now total about 15.55 million tons, an increase of 150,000 tons (1%) from the end of last week. Prior to this decline, however, steel stockpiles had declined for seven consecutive weeks, and are still down significantly from a record 18.58mt stockpiled in the beginning of March. So far, robust steel production looks poised to continue but steel stockpiles must still be monitored. A rise in Chinese steel prices has also begun to level off, although prices are still much higher than they were a year ago” said the report. Still, a robust amount of iron ore and coal imports continue to be fixed in the dry bulk shipping market.
According to a report by Shanghai Daily, citing government reports, China’s economy is expected to grow 10.7 percent annually in the second quarter, slowing from the surge of 11.9 percent in the first three months of this year. This slowing down of the pace is attributed to a smaller rise in investment, according to the latest report by the State Information Center, a unit under the National Development and Reform Commission, the country's top economic planner.
"China has recovered solidly from the global financial crisis. The first-quarter gross domestic product climbed to a record 11.9 percent but it is mainly due to a low comparative base last year," the report said. "Excluding the low-base effect, the growth is still within a range of reasonable expansion, and the economy is not overheated as some analysts claimed." Investment, however, will expand at a slower pace after China tightened credit to avoid economic overheating and curb a possible asset bubble. Urban fixed-asset investment is expected to gain 24.5 percent in the second quarter, lower than a rise of 25.6 percent between January and March. Exports, badly hit by the global financial crisis, may climb 25 percent in the second quarter. Imports are seen to surge 35 percent.
Commodore’s outlook on China’s economy suggested that it is very possible to see a moderate slowdown in the medium term (six to nine months), but into the summer, demand trends look poised to remain robust.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 17 January 10
THE FUTURES FOR THREE YEARS (2010 - 2012) FIRMED UP - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market was a bit mixed with BDI up by about 159 points and closed at 3,299 points.
BDI
The cape index cont ...
Sunday, 17 January 10
NTPC TO DOUBLE CAPACITY BY 2017
NTPC, which will launch its follow-on public offer on February 3, plans to more than double its generating capacity to over 70,000 mega watts by 201 ...
Saturday, 16 January 10
HANDY CONTINUED FIRM CONDITIONS FOR MARKET IN THE ATLANTIC
HANDY
Continued firm conditions for the Handymax / Smax market in the Atlantic with the BSI having a continued upwards momentum. US$ 45,000 ac ...
Friday, 15 January 10
INDONESIA COAL - HEAVY RAINS HAVE LITTLE IMPACT ON COAL OUTPUT
Coal shipments from Indonesia's main coal-producing area are unlikely to be hit by heavy rains during January-February as many miners are prepared ...
Friday, 15 January 10
GOVT BRINGS IN DOMESTIC COAL MARKET OBLIGATION
The Energy and Mineral Resources Ministry has issued a ministerial decree requiring producers of coal and other minerals to allocate a proportion ...
|
|
|
Showing 6081 to 6085 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Ministry of Mines - Canada
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- The University of Queensland
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
|
| |
| |
|
