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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, 25 May 10
BUMPER YEAR PREDICTED FOR INDONESIAN COAL - THE JAKARTA GLOBE
The Jakarta globe reported that, In The country’s coal output may reach 320 million tons this year, up from 300 million tons in 2009, as produ ...
Tuesday, 25 May 10
CHINA'S COAL SHIPMENTS VIA ITS MAIN PORTS RISE BY 13.1 PERCENT IN APRIL
According to the data issued by China's Ministry of Industry and Information on May 21, in April total coal shipments via China's main ports reach ...
Monday, 24 May 10
SAMTAN TO SELL KIDECO TO INDIKA ENERGY?
Insider Stories reported that, Parent company of Indonesia's coal mining contractor PT Petrosea Tbk (PTRO), PT Indika Energy Tbk (INDY) aims to boo ...
Monday, 24 May 10
INDIA'S ESSAR SHIPPING BEGIN COMMERCIAL OPERATIONS OF BULK TERMINAL AT HAZIRA
COALspot.com: Essar Shipping Ports & Logistics Ltd. commences commercial operations of Essar Bulk Terminal at Hazira, one of India's largest dr ...
Monday, 24 May 10
INDONESIAN COAL PRICE REFERENCE (HBA) FOR MAY 2010 REACHES US$ 92.07 PER TON FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has released Indonesian coal price reference (HBA) for Month of M ...
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- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Bhatia International Limited - India
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Economic Council, Georgia
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- VISA Power Limited - India
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- PTC India Limited - India
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