We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 19 May 10
DRY BULK FREIGHT RATES' RALLY MAY BE SET TO END
 The Baltic Dry Index (BDI) has rallied these past couple of weeks, almost touching the 4,000 point mark. But this positive development for dry bulk ship owners could soon be coming to an end, according to market analysts. Yesterday, the BDI ended down by 40 points to 3,882, with the Capesize segment registering heavy losses, which brought the Baltic Capesize Index (BDI), once again almost on par with the smalle panamax market (4,513 points versus 4,504 points).
During the course of the previous week, Chinese ore and Asian coal demand remained particularly firm, thus pushing capesize rates up by 14% week-on-week. In the first two weeks of May, capesize rates rose by a rather impressive 29% or $11,320. Still, according to the latest weekly report by Commodore Research & Consultancy, "freight rates for all vessels may be poised to decrease moderately in the near-term, as dry bulk commodity prices have fallen across the board and Chinese stockpiles have increased.
Overall dry bulk cargo demand is still expected to remain robust during the summer, however, and the market will likely only experience a brief lull in spot chartering activity. 20 vessels were reportedly fixed to carry iron ore last week, 7 less than the previous week. After a brief lull in spot chartering activity, we expect cargo demand to rebound due to Northern Hemisphere peak summer coal demand and an increase in Chinese corn and soybean imports. We also expect Chinese steel production to remain firm throughout the summer" said the report.
It mentions that capesize rates may be poised to full further this week, as spot iron ore and Chinese steel prices begin to show weakness. "In addition, stockpiles of iron ore and thermal coal in China have begun to increase, which might put additional pressure on the entire dry bulk market in the near-term. Thermal coal demand in China and throughout much of Asia is expected to remain robust, however, as the Northern Hemisphere summer peak demand season results in greater electricity consumption. Asian and European steel production is also expected to maintain healthy levels, as the global economy continues to emerge from recession.
Only a brief lull in spot chartering activity is expected, and dry bulk commodity demand is expected to return to robust levels within a few weeks.
In the upcoming weeks, dry bulk freight rates will likely come under pressure due to the decline in dry bulk commodity prices coinciding with growing iron ore and thermal coal stockpiles.
After a temporary lull in spot chartering activity, dry bulk demand and freight rates will likely find renewed support due to various developments (including an expected surge in long-haul Chinese corn and soybean imports and steady Chinese coastal freight rates) which are discussed in the remainder of this report. Firm period chartering activity also suggests that the market expects dry bulk cargo demand to increase in a few weeks Dry bulk freight rates increased across the board last week - but spot chartering activity was relatively low and freight rates were moderately supported by robust levels of period chartering activity" Commodore said.
Chinese iron ore port stockpiles now total about 69.61 million tons, 1.26mt (2%) more than the previous week. Stockpiles have now increased for five consecutive weeks and are approaching this year's peak of 71.17mt, which was reached in early March.
At the same time, Indian iron ore fixtues decreased noticeably last week, continuing the trend of sporadic Indian ore fixture activity - resulting from the Indian government continuing to investigate and restrict illegal mining and railing of ore from Orissa.
The same amount of Brazilian and Australian iron ore fixtures were reported in market compared with the previous week. Going forward, Chinese iron ore demand might decline in the immediate shortterm due to rising ore stockpiles and declining steel prices.
After a possible brief pause in steady iron ore imports, Chinese demand is expected to return to firm levels. Indian ore fixtures will likely stay at low levels beginning in June when India's monsoon season begins. At that time, most of China's ore will come from Brazil and Australia, concluded the analysis.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 11 October 10
INDONESIAN POWER PLANTS AND OTHER INDUSTRIES TO BURN 78.97 MLN TONS OF COAL IN 2011
COALspot.com: The Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree 2360 K/30/MEM/ 2010 related to Domestic mark ...
Monday, 11 October 10
COAL IMPORTS TO START IN 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Viet Nam is now likely to import coal only from 2015, not 2013 as earlier forecast since many thermal power pl ...
Monday, 11 October 10
OCTOBER INDONESIAN COAL PRICE REFERENCE UP BY 2.92 PERCENT
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Saturday, 09 October 10
MPPGCL SEEKS TO BUY 0.40 MLN MT OF COAL FOR ITS THERMAL POWER STATIONS
COALspot.com: India's Madhya Pradesh Generating Company Limited (MPPGCL), Jabalpur, Madhya Pradesh invites bidders through tender 07-03/Import/Coal ...
Saturday, 09 October 10
FREIGHT MARKET IS EXPECTED TO FIRM UP NEXT WEEK CAPT REDDY
COALspot.com: Inspite of Chinese holidays the BDI was up by 10 pct and closed at 2,696 points. The cape index shot up to 20 pct and closed at 4,076 ...
|
|
|
Showing 5571 to 5575 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Planning Commission, India
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
|
| |
| |
|
