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.
|
|
Tuesday, 21 July 09
FIRST QUARTER COAL MARKET AND EURACOAL'S OUTLOOK FOR THE FUTURE
Euracoal reports that for the first time in many years, the world market for hard coal fell by some 8 % during the first quarter 2009. This latest E ...
Monday, 20 July 09
CHINAS COAL DEMAND, OUTPUT TO PICK UP IN H2 - GROUP 2
Financial24 reported that, China's coal demand is expected to gradually pick up in the second half of the year, and coal output will likely grow fa ...
Monday, 20 July 09
ADANI POWER LAUNCHES IPO, AIMS HIGHER CAPACITY
Economic Times reported that, Adani Power Ltd, a power project development company, promoted by Adani Enterprise went for an initial public offering ...
Monday, 20 July 09
BANPU'S SECOND-HALF PROFIT MAY DROP ON COAL PRICES
Bloomberg Reported that, Banpu Pcl, Thailand’s biggest coal producer, expects profit to decline in the second half from the first six months a ...
Monday, 20 July 09
CHINA COAL PRODUCES 52.7 MLN TONNES OF COAL IN 1H, UP 5.4 PCT
China Mining reported that, China Coal Energy Co., the country's second largest coal producer, said Saturday that it produced 52.67 million tonnes ...
|
|
|
Showing 6581 to 6585 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- The University of Queensland
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Aditya Birla Group - India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- White Energy Company Limited
- VISA Power Limited - India
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
|
| |
| |
|
