We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 02 July 10
MINERALS RESOURCE TAXATION IN AUSTRALIA - PRESS RELEASE
Press Release : Rio Tinto acknowledges the Australian Government’s announcement that the Resource Super Profits Tax (RSPT) proposal will be re ...
Thursday, 01 July 10
TATA POWER TO RAISE US$300 MILLION THROUGH ITS COAL SPVS TO FUND ADDITIONAL ACQUISITIONS AND / OR REDUCE OUTSTANDING DEBT
Stock Markets Review reported that, Tata Power, India’s largest private power player has signed an agreement to raise US$300 million in Bhira ...
Thursday, 01 July 10
HELLENIC SHIPPING NEWS POLL: THE BDI WILL STAY ABOVE 3,000 POINTS IN THE SECOND HALF OF 2010
When Hellenic Shipping News Worldwide prepared June’s poll asking readers about where do they think that the Baltic Dry Index (BDI) will range ...
Thursday, 01 July 10
PANAMAX MARKETS CONTINUE TO DROP IN ALL BASINS - FEARNLEYS
Handy
Atlantic rates continue to slide with little activity. Supras open in USG get low 30´s to Med and mid 40´s to FEast. Hmax/Supra ...
Wednesday, 30 June 10
PTBA TO SUPPLY ADDITIONAL 180 MLN TONS OF COAL TO PLN FOR 20 YEARS
COALspot.com: Indonesia's state-owned coal mining company PT Tambang Batubara Bukit Asam Tbk (PTBA) has entered into a new contract with state owne ...
|
|
|
Showing 5746 to 5750 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
|
| |
| |
|
