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Friday, 17 September 10
FREIGHT RATES TO DECLINE FURTHER - ICICI SEC
Broking firm ICICI Securities said tanker freight rates reported a sharp drop with rates of Suezmax and Aframax carriers declining by 16% to USD 8,625 and by 25% to USD 7,752 in the last month. VLCC carrier freight rates posted the maximum drop of 43% to USD 7,109 over the same period.
Going forward, it expects freight rates to decline further. The outlook for the same is given below:
Dry bulkers: Dry bulk freight rates are expected to decline in the second half of September 2010 after posting a marginal rise in the first half of the month. We are cautious as steel production in China continues to moderate. This will also result in a decline in import of iron ore and a resultant drop in Capesize vessel freight rates. China`s iron ore inventory of ~75 million tons is likely to moderate, going forward, as it scales down its steel production.
Tankers: Crude oil tanker freight rates are likely to remain muted in September on account of muted demand for crude oil and drop in crude oil shipments. Productcarrier freight rates are also expected to be muted in September 2010 on account of the weak demand scenario in US and Europe.
LPG carriers: LPG carrier rates are expected to continue to remain subdued in September 2010.
Offshore vessels: The utilization level is likely to improve marginally but vessel rates are expected to be stable in September. Despite the clampdown on offshore drilling in the Gulf of Mexico, oil exploration and drilling activities are likely to show strength in regions such as Latin America and West Africa.
Source:IRIS
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Saturday, 09 October 10
9TH ASIA PACIFIC MINING CONFERENCE & EXHIBITION 13 14 OCTOBER 2010 AT SHANGRI-LA HOTEL, JAKARTA.
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
Saturday, 09 October 10
SAIL SEEKS LONG-TERM COKING COAL SUPPLY FROM GLOBAL COMPANIES - BUSINESS STANDARD
State-owned Steel Authority of India (SAIL) Friday invited bids from global companies for long-term supply of coking coal to feed its expanding stee ...
Friday, 08 October 10
INVESTORS STILL RELUCTANT TO ENTER DOWNSTREAM INDUSTRIES - THE JAKARTA POST
The Jakarta Post reported that, mining companies are showing a low level of enthusiasm to enter the downstream industries, as required by the 2009 M ...
Friday, 08 October 10
VESSEL OWNERS ARE RELUCTANT FOR INDONESIA TO INDIA COAL TRIPS - FEARNBULK
Handy
Last week ended with a flourish of activity as the Chinese tried to fix any prompt vessels before the Golden week festivities, and since the ...
Thursday, 07 October 10
MIRACH ENERGY GAINS RIGHTS TO EAST KALIMANTAN COAL MINE - THE EDGE SINGAPORE
The Edge Singapore reported that, Mirach Energy says it has gained the rights to produce and sell coal in an open-pit coal mine in Samarinda, the ca ...
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- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- White Energy Company Limited
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