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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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- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
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- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Central Electricity Authority - India
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Australian Coal Association
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
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