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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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Sunday, 11 July 10
OVERALL NO OR NEGLIGIBLE IMPACT IN ARUTMIN MINE - BUMI
COALspot.com: Bumi denies the media reports on an impact of unusually rains on coal production in BUMI mines.
"Arutmin is being impacted by ...
Saturday, 10 July 10
FREIGHT MARKET SITUATION MAY CONTINUE FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: The market continued to soften further with the cape and panamax index down by about 20 pct and closed at 2,102 and 1,944 points respe ...
Saturday, 10 July 10
STC OF INDIA TO ASSOCIATE WITH FUEL SUPPLIERS
COALspot.com: State Trading corporation of India, which is under Ministry of Commerce, has invited Expression of Interest from coal suppliers ...
Saturday, 10 July 10
SCOMI TO SELL STAKE IN INDONESIA OPS - THE STAR
The star online reported that, Scomi Marine Bhd will sell a stake in its marine logistics business in Indonesia to a large Indonesian company to dea ...
Thursday, 08 July 10
KPCL RECEIVES 8 QUALIFIED BIDS TO SUPPLY 500,000 MT OF COAL
COALspot.com: Indian state utility KARNATAKA POWER CORPORATION LIMITED has opened price bid yesterday.
According to a participant, the quo ...
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- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- MS Steel International - UAE
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Bhatia International Limited - India
- Parliament of New Zealand
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
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