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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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Saturday, 11 July 09
THE IMPORT OF STEAM COAL FROM INDONESIA & S/A TO INDIA WILL CONTINUE TO INCREASE - VISTAAR
COALspot.com ( Singapore): Vistaar Shipping, an experienced ship operator in Singapore said, The market continued to be soft this with doubts a ...
Friday, 10 July 09
DMO AND ICPR AIMED AT SECURING DOMESTIC COAL SUPPLY
COALspot.com (Indonesia): According to website of DGCMG, the implementation of coal Domestic Market Obligation (DMO) and the Indonesian Coal P ...
Friday, 10 July 09
INDONESIAN MINING LAW IN TRANSITION
Further to the enactment of Law No. 4 of 2009 on Mineral and Coal Mining (“Law 4/2009”), the enactment of various implementing regulatio ...
Thursday, 09 July 09
COAL EXPORTS TO CHINA MAY FALL AS PRICES, SHIPPING RATES RISE
CHINA'S appetite for Australian coal may fall in July and August from earlier highs, due to a recent recovery in regional prices and higher interna ...
Thursday, 09 July 09
GARDA LISTS SHARES IN LOCAL BOURSE
Local coal company PT Garda Tujuh Buana officially listed its shares in the Indonesia Stock Exchange (IDX).
The listing followed the company's p ...
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- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Australian Coal Association
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
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