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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 slowdown have seen charter rates for large dry bulk ships go into freefall as iron ore cargoes evaporated Shipbrokers said a dearth of coal cargoes and an oversupply of large ships had also contributed to the slump in rental prices.
Charter rates for large dry bulk capesize vessels of around 180,000 deadweight tonnes are down to their lowest level for 14 months. The crash has been so swift that shipowners and operators have lost around USD 270,000 in revenue in the past week on a voyage from Australia to China and more than USD 800,000 on a Brazil to China voyage.
Shipowners would generate revenue of about USD 1.17 million from an Australia-China voyage based on the prevailing rate recently compared with USD 1.44 million last Thursday.
Shipbrokers said rates for a large capesize vessel were on a par with those for a handysize ship that had a cargo carrying capacity that was almost six times smaller. Observers thought the slump would continue until at least the end of August.
Shipbrokers said mainland iron ore traders had been largely absent from the chartering market for large vessels for the past two months. This became apparent after preliminary customs figures showed the mainland imported 47.17 million tonnes of iron ore in June, down 9.1% from the 51.9 million tonnes in May and down 15%YoY. The May import figure was also down by 6pct MoM.
Customs said the mainland brought in 309.3 million tonnes of iron ore in the first six months of 2010 up by 4.1%YoY.
Source: CargoNewsAsia / Hellenic Shipping
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Wednesday, 15 September 10
VIETNAM TO IMPORT UP TO 15 MLN TONS COAL/YR BY 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Vietnam will need to import 3 million to 15 million tons of coal a year by 2015, rising to 21 million to 40 million ...
Tuesday, 14 September 10
MID HIGH TEENS FROM WCI, AND HIGH TEENS FROM ECI TO CHINA - BRS
A fairly flat market for the dry bulk segments this week, although the Panamaxes jumped on the back of strong grain exports in the Atlantic. It ...
Tuesday, 14 September 10
HIGH CHARTERING ACTIVITY NEEDS TO KEEP UP FOR DRY BULK RATES TO REMAIN HIGH
Last week’s increase of spot chartering activity pushed dry bulk freight rates to new highs, after a less than lackluster summer. As a result, ...
Monday, 13 September 10
GLENCORE BUYS STAKE IN MINER BUMI
The Jakarta globe reported that, Switzerland-based Glencore International, the world’s largest commodities trader, has quietly acquired a $200 ...
Monday, 13 September 10
IT'S JAI INDONESIA FOR OUR POWER FIRMS
Indian power producers have been compelled to look abroad for fuel to run upcoming facilities, as domestic generation is unlikely to be able to meet ...
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- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Australian Coal Association
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
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