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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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Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal.
“We plan to import 15-16 million tonnes of coal directly from next year,&rdqu ...
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Showing 6036 to 6040 news of total 6871 |
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- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
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