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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 $50/t. Cheaper ocean freight is generally considered favourable as it lowers the cost of landed goods. Right now, this feels more like a supply growth push in vessel availability than a collapse in demand.
Source: Resource News International / Hellenic Shipping
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Saturday, 14 August 10
INDONESIAN THERMAL COAL PRICES EXPECTED TO MOVE UP IN SEPTEMBER 2010 - CHAIRMAN ICMA
COALspot.com: Indonesian Coal Mining Association is expecting, the Indonesian and international coal prices will increase, and will be reached ...
Thursday, 12 August 10
ETA STAR INDIA PUTS FORWARD COAL MINING PLAN FOR TETE, MOZAMBIQUE, IN 2011
ETA Star India Projects Pvt, which is carrying out coal prospecting and surveying work in the Moatize coal region, in Tete province, will present it ...
Thursday, 12 August 10
SUPRAS WERE FIXED IN THE MID/HIGH TEENS FOR INDO-INDIA TRIPS - FEARNBULK
Handy
Activity is gradually picking up in the Atlantic with more enquiries seen for short period tonnage for the end of August. With the grain sea ...
Thursday, 12 August 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 94.86 FOR AUGUST 2010 SUPPLIES
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Wednesday, 11 August 10
BRAZILIAN GIANT VALE LOOKING TO BOOST ITS COAL OUTPUT
BRAZILIAN mining giant Vale is not content with being the world's largest iron ore miner. The miner is banking on ambitious growth plans to see it ...
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- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Planning Commission, India
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
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