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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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Wednesday, 19 May 10
DRY BULK FREIGHT RATES' RALLY MAY BE SET TO END
The Baltic Dry Index (BDI) has rallied these past couple of weeks, almost touching the 4,000 point mark. But this positive development for dry bulk ...
Wednesday, 19 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE LENGTHENS
Coal shipments from Australia's Newcastle port, the world's biggest export harbor for the fuel used in power stations, rose 2.9 percent last week ...
Tuesday, 18 May 10
THE BDI HIT A FIVE-MONTH HIGH AT THE CLOSE OF LAST WEEK
According to BRS, One of the oldest ship broker, at 3,929 points, the BDI hit a five-month high at the close of last week. The Capesize four time ch ...
Tuesday, 18 May 10
COAL TRADER CHINA QINFA TO BUY TWO BULK CARRIERS FOR 69 MLN USD
China Qinfa Group, a leading non-State-owned coal trader on China's mainland, said Sunday it had signed shipbuilding contracts to pay 69 million U. ...
Monday, 17 May 10
INDONESIA SHIPPED 15.51 PERCENT LESS COAL IN APRIL THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 23,331,542 MT of coal in April 2010, compare to 27.61 million tons in ...
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- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
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- VISA Power Limited - India
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- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
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- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
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- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
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- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
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- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
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