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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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Friday, 15 January 10
ADARO INDONESIA STILL TOPS IN INDONESIAN COAL EXPORT RANKING
COALspot.com (Indonesia): PT. Adaro Indonesia, the world first Envirocoal producer and Indonesia's second largest thermal coal producer is top coal ...
Friday, 15 January 10
NTPC TO ADD 6,000 MW EACH YEAR IN 12TH PLAN
Will raise total generation capacity to 75,000 Mw by 2017, up from 30,644 Mw at present.
India's largest power generator NTPC, which will launch ...
Friday, 15 January 10
POSCO SAYS 2010 COKING COAL AGREEMENT MAY BE DELAYED - BLOOMBERG
Posco, South Korea’s biggest steelmaker, said an agreement on coking coal prices for this year may be delayed because major suppliers of the s ...
Friday, 15 January 10
CHINA POWER FIRMS SEEK COAL IMPORTS, SUPPLY SCARCE
China's coal-hungry power plants have turned to imported coal to cope with widespread shortages, but spot supply is scarce, traders said on Thursda ...
Thursday, 14 January 10
INDONESIA POWER REDUCES COAL SUPPLY
PT Indonesia Power will reduce coal supplies from PT Tambang Batu Bara Bukit Asam to its Suralaya Power Plant. "The coal supply for the plant s ...
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- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Parliament of New Zealand
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
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