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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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Friday, 17 July 09
THE NEW LAW OF MINERAL AND COAL MINING NO 4/2009 CREATE CONDUCIVE CLIMATE OF INVESTMENT IN INDONESIA
COALspot.com (Indonesia): The new Law of Mineral and Coal Mining No 4/2009, which replaces the old mining law No. 11/1967 has been signed by the Pre ...
Friday, 17 July 09
INDIA COAL TRADERS MUST OWN POWER, MINES - C&O BOSS
· Coal traders need to diversify to grow
· Coastal Energen to build first merchant power plant
· Tamil Nadu to see st ...
Friday, 17 July 09
CHINA SHENHUA ENERGY'S COAL OUTPUT SWELLS 17.6% IN H1
China Knowledge reported that, China Shenhua Energy Co Ltd, which is engaged in the coal mining, power generation and transportation businesses, on ...
Thursday, 16 July 09
CHINA ISSUES SECOND BATCH OF '09 EXPORT QUOTAS
China has issued 25 million tonnes of coal export quotas for the second batch this year, the National Development and Reform Commission said Wednesd ...
Thursday, 16 July 09
NTPC TO ENGAGE BANKERS TO ACQUIRE OVERSEAS COAL MINES
The Hindu reported that, State-run power generation company NTPC said it would appoint merchant bankers next month for acquiring coal mines identifi ...
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- Dalmia Cement Bharat India
- Planning Commission, India
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- Mjunction Services Limited - India
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- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
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- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
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- Samtan Co., Ltd - South Korea
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- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Minerals Council of Australia
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- Lanco Infratech Ltd - India
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- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Australian Coal Association
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- The University of Queensland
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- VISA Power Limited - India
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