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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, 22 September 09
AUSTRALIA SEES HIGHER ASIAN THERMAL COAL IMPORTS
* Asia '09 imports to rise 3.5%, vs pvs f'cast of 3.3% fall
* Asia 2010 thermal coal imports expected to rise 6.3 pct
* China to become net im ...
Tuesday, 22 September 09
PANAMA CANAL EXPANSION MAY AID COLOMBIA COAL TO ASIA
* Colombia producers hope for growth in Asia shipments
* Panama Canal will allow smaller coal Capesize vessels
* Australia, Indonesia to remain bi ...
Monday, 21 September 09
ACCC SET TO APPROVE NEWCASTLE COAL SHIPPING AGREEMENT
ABC reported that, The competition regulator says it is likely to approve a new agreement over coal loading arrangements at Newcastle.
Australian ...
Friday, 18 September 09
PEABODY ENERGY ESTABLISHES ASIAN COAL TRADING HUB IN SINGAPORE
Peabody Energy announced it has opened an office in Singapore that will serve as the new hub for Peabody COALTRADE International activities in South ...
Friday, 18 September 09
AUSTRALIA NEWCASTLE COAL PORT: SEEKS INTERIM QUOTA SYSTEM
Reuters reported that, Australia's Newcastle coal terminal wants to re-introduce an interim export quota system after a group of miners led by BHP ...
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- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Deloitte Consulting - India
- White Energy Company Limited
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
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