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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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Thursday, 17 June 10
COAL EXPLORATION & DEVELOPMENTS HOTPOTS CONFERENCE
Press Release: The Coal Exploration and Developments Hotspots conference will bring together a panel of more than 20 of the world’s lead ...
Thursday, 17 June 10
AUSTRALIA'S LEIGHTON WINS $1.3 BILLION OF NEW WORK - THE JAKARTA POST
Australian construction and contract mining group Leighton Holdings Ltd. said Thursday it has won 1.5 billion Australian dollars ($1.3 billion) of n ...
Wednesday, 16 June 10
INDONESIAS STATE OWNED ELECTRICITY COMPANY WILL CONSUME 95.30 MILLION TONS OF COAL IN 2014
COALspot.com: Indonesia's state owned electricity company forecasted its coal requirement in 2014 would be around 95 million tons.  ...
Wednesday, 16 June 10
MADHYA PRADESH GOVT IMPORT 50K METRIC TONNES OF COAL FROM INDONESIA - DNA INDIA
DNA India reported that, the Madhya Pradesh government has imported 50,000 metric tonnes of coal from Indonesia to deal with its shortage which is a ...
Tuesday, 15 June 10
INDONESIA'S COAL EXPORTS FELL TO 18.52 - MILLION TONS IN MAY
COALspot.com: Indonesia, the world largest coal exporter, shipped 18,529,695 of coal in May 2010. May coal exports dropped by 20.61 percent co ...
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- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
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- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
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- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- The University of Queensland
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- Merrill Lynch Commodities Europe
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- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
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- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
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- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
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- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Baramulti Group, Indonesia
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