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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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Tuesday, 20 July 10
DRY BULK SHIPPING MARKET FINDING SOME SUPPORT, AS OWNERS TAKE CAPE SIZES OFF THE MARKET
With the Baltic Dry Index finally having reached bottom, at least according to market analysts, the dry bulk industry is looking to begin its long r ...
Monday, 19 July 10
INDONESIA EXPORTS 24.49 MILLION TONNES OF COAL IN JUNE 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 141.249 million tons of coal in the first half of this year. In June 2010, Indone ...
Monday, 19 July 10
CHINA ONCE AGAIN DOMINATING SHIPPING FREIGHT RATES, WHILE OVERSUPPLY OF TONNAGE RAISES CONCERN
The ending of the week brought a cheerful note among dry bulk ship owners, as the sinking benchmark of the industry, the Baltic Dry Index (BDI) fina ...
Saturday, 17 July 10
THE DRY BULK MARKET CONTINUED THE DOWNWARD TREND - VISTAAR
COALspot.com: The indices continued the downward trend this week also with BDI at 1,720 points and cape size index at 1676 points and the charter ra ...
Saturday, 17 July 10
BULLISH OUTLOOK FOR COKING COAL - MINING MX & HELLENIC SHIPPING
Mining Mx reported that, the coking coal market has better long-term fundamentals than the iron ore market, according to a recent research rep ...
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- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Bhushan Steel Limited - India
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
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