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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, 03 June 10
GOVT CONSIDERING IMPORT PARITY PRICE FOR DOMESTIC COAL
The government on June 1 said it is considering to price domestic coal on par with global rates, a move which may increase the cost of the raw mater ...
Wednesday, 02 June 10
SRI LANKA TESTS 1ST COAL POWER PLANT IN SEPT.
Sri Lanka will start testing its first 300 MegaWatt coal power plant in September with plans to connect it to the national distribution grid by Janu ...
Wednesday, 02 June 10
CHINA'S IRON ORE IMPORTS TO KEEP BEING THE BIGGEST FACTOR FOR DRY BULK FREIGHT RATES SAY READERS
With dry bulk freight rates staging a positive rally during most of May, the industry’s main benchmark, the Baltic Dry Index (BDI) has managed ...
Wednesday, 02 June 10
KIDECO TO PRODUCE 29.5 MILLION TONS OF COAL IN 2010
COALspot.com: Kideco to produce 29.5 million tons of coal in 2010 up 4.8 million or about 19 percent up from 2009 production. Kideco produced 24.7 m ...
Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
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- Ministry of Transport, Egypt
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- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
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- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
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- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
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- Gujarat Electricity Regulatory Commission - India
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- European Bulk Services B.V. - Netherlands
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- White Energy Company Limited
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
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- Price Waterhouse Coopers - Russia
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- The University of Queensland
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- Singapore Mercantile Exchange
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- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
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- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
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- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
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- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
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- Xindia Steels Limited - India
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
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- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
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- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
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- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
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- Georgia Ports Authority, United States
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- PTC India Limited - India
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- Siam City Cement PLC, Thailand
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- GMR Energy Limited - India
- Romanian Commodities Exchange
- Planning Commission, India
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Australian Coal Association
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
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