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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, 12 June 09
THERMAL COAL PRICE REMAINS STABLE IN SHANXI - STEEL GURU
It is reported that coming into June, no major changes are seen in coal supply-demand relations in Shanxi province. Statistics of Qinhuangdao port, ...
Thursday, 11 June 09
PT NALCO PLANS TO CONSTRUCT COAL-FIRED POWER PLANT IN SOUTH SUMATRA - ENERGY BUSINESS REVIEW
PT Nalco (National Aluminium Company Limited), an Indian-based company, plans to construct a coal-fired power plant in South Sumatra. The company in ...
Thursday, 11 June 09
COAL PRODUCERS TO SEE BOOST IN DEMAND FROM ASIA PACIFIC - JAKARTA POST
The Jakarta Post reported that, at the recent 15th Coaltrans conference in Bali, we noted concerns related to rising oil prices at a faster pace tha ...
Wednesday, 10 June 09
BHP TO CUT 450 JOBS AT INDONESIAN COAL PROJECT - REUTERS
Reuters reported that, BHP Billiton Ltd will lay off all 450 workers at its Indonesian coal project after deciding not to go ahead with the pr ...
Monday, 08 June 09
PTC INDIA TO ACQUIRE COAL MINES IN AUSTRALIA, INDONESIA - PTI NEWS
PTI reported that, State-owned Power Trading Corp today said it would acquire coal properties overseas and has identified mines in Australia and Ind ...
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- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- VISA Power Limited - India
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
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