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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, 04 July 09
S. AFRICA'S RICHARDS BAY TO CAP NEW COAL VOLUMES, MININGMX SAYS
South Africa’s Richards Bay Coal Terminal is proposing restrictions on the quotas it awards to coal exporters from the so-called Phase 5 expansi ...
Saturday, 04 July 09
DALRYMPLE BAY COAL TERMINAL EXPANSION COMPLETE
BABCOCK & Brown Infrastructure has completed expansion of the Dalrymple Bay Coal Terminal (DBCT) near Mackay, Queensland.
The terminal is now ...
Friday, 03 July 09
CHINA SHENHUA TO DOUBLE COAL CAPACITY BY 2014-PAPER
China Shenhua Energy Co Ltd plans to double its annual coal production capacity by 2014 from this year's level, the China Securities Journal report ...
Friday, 03 July 09
UKRAINE CUTS COAL PRODUCTION 9.3 PERCENT IN H1
Ukraine reduced coal production approximately 9.3%, or by 3.673 million tonnes, to 35.879 million tonnes in the first half of 2009 compared to the s ...
Thursday, 02 July 09
PETCOKE BOOMS AS CEMENT MAKERS TRY TO REPLACE COAL
* Cement makers led by Asia chase petcoke to replace coal
* Petcoke prices up $10/T Feb-Jun, set to rise further
* Domestic U.S. petcoke demand ma ...
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- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
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