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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, 12 January 10
COAL PRICE FORECAST RAISED AT ANZ ON STRONGER CHINESE DEMAND
Power-station coal price forecasts for this year were raised 19 percent by Australia & New Zealand Banking Group Ltd. on rising demand from Chin ...
Tuesday, 12 January 10
BUMIS SALE CONTRACT ONLY REACHED 35 PERCENT
PT Bumi Resources has only completed 35 percent if its coal sale contract this year. “More than 65 percent of our sale volume did not have a c ...
Monday, 11 January 10
THE MARKET IS LIKELY TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market for the first week of the year was quite active and the market especially in the Panamax and Supramax s ...
Monday, 11 January 10
CHINAS COAL EXPORT MAY DECLINE 50% IN 2009
Preliminary data released by China's General Administration of Customs (GAC) on Wednesday showed that China's coal export reached 2.05 million ton ...
Saturday, 09 January 10
THE FAR EAST MARKET STARTED TO STABILIZE - FEARNLEYS
Handy
The FEAST market started to stabilize after the quite holidays and we saw growing activity fed by Chinese coal and iron ore imports and Indi ...
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- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Planning Commission, India
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Minerals Council of Australia
- Tamil Nadu electricity Board
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