We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 30 September 09
COKING COAL PRICES MAY TOUCH $200/TN IN 2010-11
Business Standard reported that, Driven by surge in imports of coking coal by China, growth in Japanese steel output and signs of recovery in the In ...
Wednesday, 30 September 09
PURNOMO BIDS 'GOODBYE' TO ENERGY MINISTRY
The Jakarta globe reported that, In what could be construed as a resignation speech from a government official — but perhaps wasn’t &mda ...
Tuesday, 29 September 09
MINING AND ENERGY DAY 2009
The Minister of Energy and Mineral Resources, Purnomo Yusgiantoro led the ceremony marking 2009 Mining and Energy Day celebrations, held at the Depa ...
Tuesday, 29 September 09
BUKIT ASAM REDUCES ITS SALES TARGET
Tempo Interactive reported that, PT Tambang Batubara Bukit Asam Tbk has decided to reduce its sales target this year from 14.5 million tons of coal ...
Monday, 28 September 09
INDONESIA UNLIKELY TO PASS NEW MINING RULES IN 2009
Reuters reported that, Indonesia is unlikely to complete final regulations attached to a new mining and coal law this year, an official said on Mond ...
|
|
|
Showing 6386 to 6390 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
|
| |
| |
|
