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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 $50/t. Cheaper ocean freight is generally considered favourable as it lowers the cost of landed goods. Right now, this feels more like a supply growth push in vessel availability than a collapse in demand.
Source: Resource News International / Hellenic Shipping
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Tuesday, 25 May 10
BUMPER YEAR PREDICTED FOR INDONESIAN COAL - THE JAKARTA GLOBE
The Jakarta globe reported that, In The country’s coal output may reach 320 million tons this year, up from 300 million tons in 2009, as produ ...
Tuesday, 25 May 10
CHINA'S COAL SHIPMENTS VIA ITS MAIN PORTS RISE BY 13.1 PERCENT IN APRIL
According to the data issued by China's Ministry of Industry and Information on May 21, in April total coal shipments via China's main ports reach ...
Monday, 24 May 10
SAMTAN TO SELL KIDECO TO INDIKA ENERGY?
Insider Stories reported that, Parent company of Indonesia's coal mining contractor PT Petrosea Tbk (PTRO), PT Indika Energy Tbk (INDY) aims to boo ...
Monday, 24 May 10
INDIA'S ESSAR SHIPPING BEGIN COMMERCIAL OPERATIONS OF BULK TERMINAL AT HAZIRA
COALspot.com: Essar Shipping Ports & Logistics Ltd. commences commercial operations of Essar Bulk Terminal at Hazira, one of India's largest dr ...
Monday, 24 May 10
INDONESIAN COAL PRICE REFERENCE (HBA) FOR MAY 2010 REACHES US$ 92.07 PER TON FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has released Indonesian coal price reference (HBA) for Month of M ...
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- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- White Energy Company Limited
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- The University of Queensland
- Goldman Sachs - Singapore
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