We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 28 April 09
S'PORE COURT RULES AGAINST DEUTSCHE ON ASSET SALE - REUTERS
Singapore's highest court has ruled that Deutsche Bank (DBKGn.DE) may have to pay unspecified damages to an investment firm as it did not get the b ...
Tuesday, 28 April 09
WORLD THERMAL COAL PRICE EXPECTED TO CRASH - PURCHASING.COM
Macquarie Bank sees 50% drop to $60/ton in 2009
Macquarie Bank today forecast the 2009 average market price for world thermal coal at $60/ton, a ...
Tuesday, 28 April 09
THAI LANNA TO OPEN NEW INDONESIAN MINE BY Q3 - REUTERS
Thailand's Lanna Resources PCL LANN.BK said on Monday it planned to open a new coal mine in Indonesia by the third quarter of 2009 with an initial ...
Tuesday, 28 April 09
SOUTH AFRICAN EXPORT COAL RETREATS ON WEAKER EUROPEAN DEMAND - BLOOMBERG
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, fell for a second co ...
Monday, 27 April 09
INDONESIA S.KALIMANTAN GETS COAL TRUCKS OFF PUBLIC ROADS - REUTERS
A local government in one of Indonesia's top coal-producing areas has banned coal and palm oil firms from using public roads because of the damage ...
|
|
|
Showing 6781 to 6785 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
|
| |
| |
|
