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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, 06 July 10
SHENHUA GROUPS 2013 PROFIT MAY EXCEED $15 BILLION - BUSINESS WEEK
Business Week reported that, Shenhua Group Corp., China’s biggest coal producer, expects profit to exceed 100 billion yuan ($15 billion) by 20 ...
Saturday, 03 July 10
THE FREIGHT MARKET CONTINUES TO BE UNCERTAIN - CAPT. REDDY
COALspot.com: The market continues to soften and the most affect sector was Panamax which was down by almost 20 pct and closed at 2447 points. The C ...
Friday, 02 July 10
SARDA ENERGY TO ACQUIRE COAL MINES IN INDONESIA
India Info Line reported that, Sarda Energy & Minerals Ltd has announced that the authorities in Indonesia have granted the Environment Cle ...
Friday, 02 July 10
DRY BULK MARKET ON A FREEFALL, REACHING ITS LOWEST IN 9 MONTHS
The Baltic Dry Index is off to break more negative records this week, as the dry bulk shipping industry’s main benchmark has failed to find ro ...
Friday, 02 July 10
PROPOSED MINERAL RESOURCE RENT TAX - PRESS RELEASE (2)
Press Release: BHP Billiton, Rio Tinto and Xstrata said today that they are encouraged by the Federal Government’s announcement that it propos ...
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- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- PTC India Limited - India
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
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