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Saturday, 24 July 10
ANALYSIS - GROWTH IN VESSEL SUPPLY PRESSURES OCEAN FREIGHT RATES
 It's common to use global shipping rate trends as a proxy of global economic health. If demand for goods and raw materials are strong, so should it be transparent in rising shipping rates and demand to move product across the ocean. But rates have tumbled dramatically in the past two months. A benchmark indicator is the U.S. Gulf to Japan route for a generic 50,000-tonne vessel. In mid-May, rates were US$73/t and dropped to $51/tonne one week ago, now rising slightly to $55/t.
The greatest declines are for the biggest vessels (70,000t tonnes or more), the ones used to carry iron ore and coal from Australia and Brazil to China. Such ships cost about US$48,000 a day in late May; but are now only about $18,000 a day, according to industry participants. China's demand for steel appears to have cooled following the recent price surge during the first half of the year and China's effort to cool property markets by restricting credit.
This doesn't imply the beginning of a permanent downtrend. China's economy may be slowing, but the need for raw ingredients can be expected to continue to rise... just that it comes and goes in waves. Furthermore, supply of ships is increasing. It takes about two to three years for a ship to be built and ready to sail after an order is placed and the freight rate spike of three years ago accelerated orders. During first-half 2010, new vessels are coming into service at a rate of 16 a month, a 23 per cent increase over last year, according to industry sources. However, this is now increasing to 23 a month.
Container rates, meanwhile, are reported to be flat. Freight rates from Vancouver to India have slipped fromUS$70-75/t three months ago to$55-60/t. This has helped edible pea bids. Vancouver to China is about U.S. $35/t, down from three-month ago levels of around $50/t. Cheaper ocean freight is generally considered favourable as it lowers the cost of landed goods. Right now, this feels more like a supply growth push in vessel availability than a collapse in demand.
Source: Resource News International / Hellenic Shipping
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Monday, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE
The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points ...
Saturday, 28 August 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS FIRM FOR CAPE AND PANAMAX VESSELS - VISTAAR
COALspot.com: The freight market appeared to be heading for correction with the indices coming off during later part of the week. The BDI closed 44 ...
Saturday, 28 August 10
KRISHNAPATNAM PORT SETS AN ALL INDIA COAL DISCHARGE RECORD
COALspot.com: Krishnapatnam Port has established all new record for coal discharged in India using the conventional system of coal unloading for por ...
Friday, 27 August 10
PAKISTAN WILL IMPORT 8 TO 10 PERCENT MORE COAL IN 2011
COALspot.com: Pakistan to import 4 million ton of coal in 2011 up by 8-10 percent compare to this year’s imports. "Pakistan's tota ...
Thursday, 26 August 10
CHARTERERS SWITCHING FROM PANAMAX TO CAPE STEMS DUE TO CAPE FALL
Handy
The activity picked up in the Atlantic with more enquiries seen for short period tonnage for end August/beg September - As the grain season ...
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- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
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