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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, 29 July 10
GOVT TOO OPTIMISTIC ON IRON, COAL PRICE
Federal government forecasts of continued strength in iron ore and coal prices, which underpin revenue expectations for the proposed new mining tax, ...
Thursday, 29 July 10
BALTIC INDEXES ARE POSITIVE SINCE A FEW DAYS
Handy
Baltic indexes are positive since a few days which could mean that markets have bottomed out (as we correctly predicted in our report of las ...
Wednesday, 28 July 10
INDONESIA'S MERUKH SECURES US$200 MLN INVESTMENT FROM SAN MIGUEL
Trading Market Reported that, Indonesian mining company Merukh Enterprises said it has secured an investment commitment of US$200 million from the P ...
Wednesday, 28 July 10
RIZAL RISJAD MAY OWN 10% BERAU ENERGY
Rizal Risjad, son of Indonesian tycoon Ibrahim Risjad, might own 10% stakes in PT Berau Coal Energy Tbk (BRAU), parent company of Indonesia's fifth ...
Wednesday, 28 July 10
UNUSUAL RAINS TO HIT COAL EXPORTS
COALspot.com: Heavy rains in South and East Kalimantan have compelled coal exporters to delay or cancel coal exports. PT Bayan and PT. TIA hav ...
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- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- The University of Queensland
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
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