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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, 30 December 09
INDIA CEMENTS TO FINALIZE 3 SHIPMENTS OF SOUTH AFRICAN COAL NEXT WEEK
COALspot.com (India): India Cements is looking for 3 shipments (150,000MT) of South African coal for January – March 2010 delivery on C ...
Wednesday, 30 December 09
BANPU EXPECTS STABLE COAL PRICES
2009 revenue growth will be hard to beat
Banpu Plc, Asean's largest coal miner, expects coal prices to stay firm at about US$80 per tonne in the f ...
Wednesday, 30 December 09
CIL DELISTS JAGUAR ENERGY FOR KODA LINKS
Coal India Ltd (CIL) has dropped Indonesia-based Jaguar Energy & Power Ltd from the list of companies, it intended to forge partnerships with to ...
Wednesday, 30 December 09
COAL PRICE RISE REQUEST DENIED
A proposal by the Viet Nam National Coal and Mineral Industries Group to double the price of coal has been turned down by the Ministry of Industry a ...
Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...
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- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Australian Coal Association
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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