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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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Friday, 25 June 10
INDIAS THIRD-LARGEST SHIPPING COMPANY BAGS US$ 31 MILLION DEAL WITH SL
Daily Mirror reported that, Mainboard-listed and India-owned dry bulk shipping firm Mercator Lines says it has won a US$ 31 million contract in Sri ...
Friday, 25 June 10
DEMAND FOR COAL COULD BE GRADUALLY RETURNING - FEARNBULK
Handy
Atlantic markets seeing more activity today (23 June 2010) after a slump the last weeks. Supramax vessels open in USG are achieving low/mid ...
Thursday, 24 June 10
INDONESIAS BUMI DECLARED US$ 57.1 MILLION (AMOUNTING TO 30% OF 2009 NET INCOME) AS DIVIDEND
COALspot.com: PT Bumi Resources, Tbk’s Annual General Meeting (AGM) today was successfully held with a quorum of 75.89% resulting in sharehold ...
Thursday, 24 June 10
CHINA TARGETS 3.6 BILLION MT ANNUAL COAL OUTPUT FOR 2015
At a forum in Beijing entitled "Chinese energy strategy and energy development in the 12th five-year plan period (2011-2015)", He Youguo, ...
Thursday, 24 June 10
DRY BULK MARKET AT LOWEST POINT IN EIGHT MONTHS
The dry bulk market’s demise has failed to turn around so far this week, with the industry’s benchmark, the Baltic Dry Index (BDI), yest ...
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- Bhushan Steel Limited - India
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- Vedanta Resources Plc - India
- Australian Coal Association
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- Tata Chemicals Ltd - India
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- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
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- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
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- Economic Council, Georgia
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- Ministry of Transport, Egypt
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- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
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- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
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- Vijayanagar Sugar Pvt Ltd - India
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- Commonwealth Bank - Australia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Samtan Co., Ltd - South Korea
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- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
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- India Bulls Power Limited - India
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- Electricity Generating Authority of Thailand
- The University of Queensland
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- Therma Luzon, Inc, Philippines
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- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
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- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
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- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
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- Independent Power Producers Association of India
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- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
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- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
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- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
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- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
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