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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, 07 June 10
SOUTH AFRICA COAL STAYS NEAR 18-MONTH HIGH ON EUROPEAN DEMAND - BLOOMBERG
Bloomberg Reported that, Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, ...
Sunday, 06 June 10
THE DOWNWARD TREND FOR S6 AND S7 ROUTE IS LIKELY TO CONTINUE NEXT WEEK - VISTAAR
COALspot.com: "This seemed market heading for corrections with all sectors down", said, Capt. Reddy, MD of Vistaar Shipping Singapore, an ...
Sunday, 06 June 10
STEAM COAL MAY BECOME NEXT BOOMING COMMODITY IN AUSTRALIA - DB
Deutsche Bank predicts that thermal coal could become Australia's next booming commodity. The German investment bank's global thermal coal team ex ...
Friday, 04 June 10
INDO/INDIA AROUND THE MID 20'S LEVEL AND MID TO HIGH 20'S INDIA/CHINA
Handy
After a quiet end to last week, the Atlantic handysize market continued&nb ...
Thursday, 03 June 10
INDO GOVERNMENT TRIES TO CALM BUSINESSES FEARS OVER FOREST - CLEARING MORATORIUM
The Jakarta Globe reported that, as producers of coal and palm oil continued to howl, the government on Tuesday offered reassurances that the develo ...
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- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
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