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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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Wednesday, 22 September 10
DRY BULK MARKET SENTIMENT TURNS SOUTH AS IRON ORE DEMAND DECLINES
The dry bulk market has once again turned the tide, with the industry’s benchmark, the Baltic Dry Index (BDI) turning south during the previou ...
Monday, 20 September 10
MMTC SEEKS TO BUY 1.3 MT OF COAL FOR INDIA UTILITIES - SXCOAL
MMTC Ltd., India’s largest state- owned trading company, is seeking bids for the supply of 1.3 million tonnes of coal to feed power plants run ...
Monday, 20 September 10
KANGAROO RESOURCES SIGNS PARTNERSHIP WITH ASEAMCO FOR INDONESIAN COAL ASSETS - PROACTIVE INVESTORS
International coal producer Kangaroo Resources (ASX: KRL) has completed a new three-year agreement with Australian mining consultants ASEAMCO to del ...
Monday, 20 September 10
ICVL LOOKS FOR COAL ASSETS IN UZBEK, INDONESIA, AUSTRALIA - ECONOMIC TIMES
Economic Times reported that, International Coal Ventures, or ICVL, the special purpose vehicle floated by five state-owned firms to scout for coal ...
Monday, 20 September 10
IRON-ORE SHIPPING DEMAND MAY GAIN ONCE CHINA STEEL CUTS FINISH, SSY SAYS
Demand to transport iron ore may rebound once China ends steel-production cuts and steel prices may gain in the next several months because of the r ...
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- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- White Energy Company Limited
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Parliament of New Zealand
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- The University of Queensland
- Heidelberg Cement - Germany
- Planning Commission, India
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
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