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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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Monday, 01 June 09
LAHAT RELIES ON COAL FOR GROWTH
Lahat regency in South Sumatra spans 6,618.27 square kilometers, encompasses 19 districts and covers 528 subdistricts and villages. It is inhabited ...
Monday, 01 June 09
LANDED COST OF IMPORTED COAL HAS INCREASED BY 10 - 15% COMPARE TO EARLY THIS YEAR - PAKISTAN TRADERS
COALspot.com (Pakistan): Due to visiting non commercial vessels occupied commercial berths in Karachi port, coal carrying vessels were sufferi ...
Monday, 01 June 09
LAHAT RELIES ON COAL FOR GROWTH - THE JAKARTA POST
Lahat regency in South Sumatra spans 6,618.27 square kilometers, encompasses 19 districts and covers 528 subdistricts and villages. It is inhabited ...
Saturday, 30 May 09
THE CHINESE IMPORTS OF IRON ORE,COAL AND NICKEL ORE SEEMED TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore,said, the Baltic index rally continued this week ...
Saturday, 30 May 09
COAL INDIA SIGNS FUEL SUPPLY AGREEMENT WITH NTPC - SINDHTODAY
India’s largest coal miner Coal India Friday inked a much-awaited fuel supply agreement (FSA) with power generation major NTPC Ltd.
In the ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Planning Commission, India
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- White Energy Company Limited
- Economic Council, Georgia
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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