We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 19 June 10
DRY BULK MARKET DOWN ON CHINESE SLOWDOWN FEARS
 Dry bulk freight rates have been on a freefall for more than two weeks now, something which has caused the industry’s benchmark, the Baltic Dry Index (BDI) to plunge by almost 30% in a month, ending the week at 2,694 points, down 90 on a daily basis. The index had rallied at more than 4,000 points just a few weeks, sparking renewed investment interest by ship owners. But, as most have realized by now, volatility will remain the norm for the market as the year progresses, with the so called “China factor” proving to be even more crucial for the market’s behavior.
According to Weberseas’ latest weekly report, “the expected mid-summer correction continued this week, affecting all sizes, but in particular the larger sizes with the capesize and panamax. However not to forget that China and Taiwan were on holiday from Monday to Wednesday this week made matters worse. On the other hand, positive news are coming from China where the country's net coal imports are expected to reach a huge 170 million tonnes this year. The same figure for 2009 was 103 million tonnes so this year we could see a jump in coal imports by as much as 65%. And why is this important news? Simply because China's energy consumption comes mostly from coal - in 2009 alone coal accounted for nearly 70% of the country's total energy consumption. Thus, coal movements into China will increase and this will be reflected in freight rates” said Weberseas.
Reflecting on Chinese economy and more interestingly for dry bulk ship owners on the steel industry, Commodore Research issued its monthly report on the subject, saying that “Chinese crude steel production set another new monthly record in May - but fears of an impending economic slowdown coming to China persist. China produced 56.17 million tons of crude steel in May, an increase of 770,000 tons (1%) from the previous monthly record of 55.4mt produced in April. Despite another month of record setting crude steel production, many market observers continue to expect that rapid economic growth in China will soon decrease.
Concerns are flooding the financial and shipping markets that recent government policies aimed at restricting bank lending and slowing the swift rise in real estate prices will drastically reduce economic growth in China. We believe that these fears are valid but anticipate Chinese economic growth will maintain robustness for the foreseeable future, even if lending moderates and real estate prices become less robust. Any decline in growth is expected to be small, and moderate lending and firm industrial demand and consumer spending are expected to continue. We do believe, however, that Chinese steel output will decrease in the short-term from an extremely robust level of current production” said the report.
It went on to state that Chinese steel prices remain under pressure and steel mills have begun to announce short-term production cuts and “maintenance” that will slow some blast furnaces. “Chinese steel stockpiles have decreased from a month ago, though, with stockpiles of flat and construction steel products now totaling about 15.2 million tons, a decrease of 300,000 tons (-2%). Current stockpiles are 3.38mt (-18%) lower than the record 18.58mt of steel stockpiled in the beginning of March. Chinese steel output is therefore still expected to remain strong even though output is likely to decline this month as steel producers react to falling prices. Chinese steel exports continue to reach monthly volumes not seen since 2008. China exported 4.94 million tons of steel in May, an increase of 630,000 tons (15%) from the 4.31mt exported in April. In the first five months of 2010, Chinese steel exports have averaged 3.59mt per month, an increase of 1.54mt (75%) from 2009‘s monthly average of 2.05mt. A steady increase in global steel demand continues to contribute to robust Chinese steel production” concluded Commodore.
Source: Nikos Roussanoglou, Hellenic Shipping News Worldwide
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...
Wednesday, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...
Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
Souce: Insider Stories
Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...
Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
Source: Insider Stories
Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...
Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...
|
|
|
Showing 5711 to 5715 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Planning Commission, India
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Australian Coal Association
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
|
| |
| |
|
