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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 $50/t. Cheaper ocean freight is generally considered favourable as it lowers the cost of landed goods. Right now, this feels more like a supply growth push in vessel availability than a collapse in demand.
Source: Resource News International / Hellenic Shipping
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Monday, 31 August 09
INDONESIA ADARO'S NET PROFIT SOARS 1,506 PERCENT ON HIGH PRICES
The Jakarta Post reported that, the country's second largest coal producer, PT Adaro Energy said Sunday that its first-half net profit soared 1,506 ...
Sunday, 30 August 09
THE FUTURES FOR THREE YEARS FOR 2010-2012 IS AROUND PANAMAX / US$ 15,500 & SUPRAMAX / US$ 13,500 PER DAY
COALspot.com (Singapore): The dry bulk market continued to be soft this week and the BDI was almost stable and closed at 2,421 points this week.
...
Friday, 28 August 09
INDONESIA SEEKS TO INCREASE COAL PRODUCTION TO BOLSTER REVENUE
The Jakarta Post, the leading english news paper in Indonesia reported that, Indonesia expects to increase coal production by up to 20 million tons ...
Friday, 28 August 09
MERCURIA ENERGY OPENS INDONESIA TRADING OFFICE
COALspot.com ( Indonesia): Mercuria Energy Group has opened a new office in Jakarta, Indonesia, focussed on trading coal.
Jakarta-based Emanuele ...
Friday, 28 August 09
COAL MINE BUYERS DUST OFF THEIR CASH ( ANALYZED BY REUTERS)
* Coal asset buyers give up waiting for bargains
* Mining majors expected to buy not sell
* South Africa a target, Indonesia less so
By Jackie ...
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Showing 6461 to 6465 news of total 6871 |
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- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- PTC India Limited - India
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Economic Council, Georgia
- ASAPP Information Group - India
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
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