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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, 28 October 09
INVESTMENT IN MINING SECTOR HAMPERED BY LATE REGULATIONS
The Jakarta Post reported that, Indonesia may have to wait for a potential massive inflow of new investment into the mining sector due to delays in ...
Tuesday, 27 October 09
CHINA'S SEPT. COAL IMPORTS RISE AS ECONOMY RECOVERS
Bloomberg reported that, China, the world’s largest coal user and producer, increased imports of the fuel in September to meet rising domest ...
Monday, 26 October 09
DARWIN EYES PRIVATE INVESTMENT
The Jakarta Post reported that, the new energy and ministerial resources minister, Darwin Zahedy Saleh, has set his sights on accelerating the reali ...
Sunday, 25 October 09
THE FUTURE FREIGHT MARKET IS EXPECTED TO HAVE POSITIVE DIRECTION - VISTAAR
COALspot.com (Singapore): According to Vistaar Shipping an experienced ship operator in Singapore, the BDI shot up this week (19-24 October) by abou ...
Saturday, 24 October 09
NTPC SEEKS ALTERNATE COAL SUPPLY FOR KAHALGAON
State-run NTPC is looking at alternate sources of coal to fire its Kahalgaon (Bihar) and Farakka (West Bengal) and power stations, which are facing ...
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- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Planning Commission, India
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
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- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
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- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
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- The University of Queensland
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- Bayan Resources Tbk. - Indonesia
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- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
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