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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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Thursday, 05 August 10
DRY BULK LOOKING TO CHINA FOR A NEW RALLY, BUT INDIA COULD BE THIS YEAR'S SURPRISE
The dry bulk market’s rebound has hit a “wall” this week, with the industry’s benchmark, the BDI (Baltic Dry Index) ending i ...
Wednesday, 04 August 10
MALAYSIA'S AGATE GROUP TIES UP WITH INDIA'S ECOGREEN TO DEVELOP COAL BUSINESS
COALspot.com: "Malaysian based AGATE Group had entered into an agreement with India's EcoGreen to jointly develop coal business in India ...
Wednesday, 04 August 10
ADARO PRODUCED 21.62 MILLION TONS OF COAL IN 1H 2010
COALspot.com: “Adaro Energy’s production volume during the second quarter of 2010 was 10.26 million tones and for the first half of 2010 ...
Wednesday, 04 August 10
CIL TO TAKE UP NEW PROJECT TO MEET INCREASED DEMAND OF COAL
As part of Annual Plan 2010-11, Planning Commission has projected all India demand of coal 656.31 Million Tonnes against which the indigenous supply ...
Tuesday, 03 August 10
INDONESIA CONSIDERING RUPIAH DENOMINATION
The jakarta post reportd that, the central bank is deliberating a potential Rupiah denomination in light of decreasing exchange rate valuations agai ...
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- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
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- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- The University of Queensland
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- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
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- The State Trading Corporation of India Ltd
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- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Xindia Steels Limited - India
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- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- White Energy Company Limited
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Australian Coal Association
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
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