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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, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...
Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
Souce: Insider Stories
Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...
Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
Source: Insider Stories
Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...
Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...
Tuesday, 20 July 10
CHURCHILL PLANNING TO PRODUCE 35 MILLION TONNES PER ANNUM FROM ITS EAST KUTAI COAL PROJECT
According to Churchill's website, the East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 961 milli ...
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- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
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- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
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- Siam City Cement PLC, Thailand
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- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
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- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
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- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Australian Coal Association
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- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
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- Singapore Mercantile Exchange
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- The Treasury - Australian Government
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- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
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- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
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- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Parliament of New Zealand
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- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
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- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
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- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Planning Commission, India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Holcim Trading Pte Ltd - Singapore
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
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