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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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Friday, 03 September 10
NALCO, INDONESIAN FIRM DIFFER ON COAL SUPPLY TO SMELTER - DNA INDIA
A few days ago, National Aluminium Company (Nalco) advertised in Indonesian newspapers asking for companies to bid for coal supplies for its 500,000 ...
Thursday, 02 September 10
PLN ASKED TO USE LOCAL COAL
Tempo Interactive reportd that, the Indonesian Mining Association Executive Director, Priyo Pribadi, has called on the state-run electricity company ...
Thursday, 02 September 10
NALCO OPEN TO EQUITY DILUTION IN $3.9 BN PROJECT IN INDONESIA
Business-Standard reported that, state-owned Nalco today said it is considering selling stake in its $3.9 billion (over Rs 18,000 crore) aluminium p ...
Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the ...
Wednesday, 01 September 10
STC BAGS NTPC ORDER TO SHIP 12 MT COAL
My Digital FC reported that, The State Trading Corporation (STC) has bagged NTPC’s tender to ship 12 million tonnes coal from Ind&sh ...
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- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
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- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
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- Vedanta Resources Plc - India
- VISA Power Limited - India
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
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- Interocean Group of Companies - India
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- Independent Power Producers Association of India
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- Rashtriya Ispat Nigam Limited - India
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- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
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- Australian Commodity Traders Exchange
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- Sindya Power Generating Company Private Ltd
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- Coal and Oil Company - UAE
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- Gujarat Mineral Development Corp Ltd - India
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- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Minerals Council of Australia
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- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
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- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
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- Indika Energy - Indonesia
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- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- White Energy Company Limited
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Australian Coal Association
- Lanco Infratech Ltd - India
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- Cigading International Bulk Terminal - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
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- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
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- Global Business Power Corporation, Philippines
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- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
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- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
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