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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 reduced supply, according to SSY Consultancy & Research Ltd., a unit of the world’s second-largest shipbroker. Output cuts by China, the world’s largest steelmaker, will probably continue to the year’s end because of limited power supplies for mills, the nation’s Ministry of Industry and Information Technology said Sept. 15. The reductions are aimed at meeting energy-efficiency targets.
“The resulting widening in steelmaker margins would encourage further production within China once restrictions are lifted and support output in the rest of the world,” SSY Consultancy & Research Ltd. said in a report. Still, the cuts have “unsettled” shipowners’ confidence about immediate demand, it said as the Baltic Dry Index slid for a fifth day.
The index, a gauge of overall measure of commodity shipping costs, slumped 11 percent this week, the most in 10 weeks, according to the London-based Baltic Exchange. Today it fell 61 points, or 2.2 percent, to 2,676 points. Chinese iron-ore purchasing may rise once the restrictions are lifted, SSY Consultancy said.
Daily hire rates for capesize-class ships that typically deliver iron ore, the main steelmaking ingredient, declined 18 percent this week, the biggest slump in nine weeks, according to the Baltic Exchange. Rents dropped 4.3 percent to $33,812 today, leading declines among the four vessel types tracked by the bourse.
Charter costs for smaller panamaxes that also haul coal and grains fell 1.9 percent to $23,525 a day today and supramaxes lost 0.8 percent to $21,041. Handysizes were little changed at $15,964 a day.
SSY Consultancy is a unit of London-based Simpson Spence & Young Ltd.
Source: Alaric Nightingale, Bloomberg,Hellenic Shipping
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Friday, 15 October 10
VALUE ADDED TAX FOR COAL TO RE-INTRODUCE IN INDONESIA
COALspot.com: Indonesian government is drafting a ministerial decree to re-introduce value added tax for coal and mineral. Coalindo weekly news lett ...
Thursday, 14 October 10
COAL PRICES AT QINHUANGDAO PORT UP - CAPITALVUE
Capitalvue reported that, prices of steam coal yielding 5,500 kilocalories per kilogram (kcal/kg) in Qinhuangdao Port have risen five yuan to 715-72 ...
Thursday, 14 October 10
DRY BULK MARKET MAINTAINS POSITIVE TREND ON FIRMER CHINESE IRON ORE DEMAND
The dry bulk market has kept its upward trend set since last week, with the industry’s main benchmark, the Baltic Dry Index (BDI) rising to 2, ...
Tuesday, 12 October 10
DRY BULK MARKET LOOKING FOR DIRECTION AFTER WEEK OF CAPESIZE GROWTH
The dry bulk market ended Monday unchanged from Friday’s closing, today standing at 2,695 points. In summary, the capesize and the supramax se ...
Tuesday, 12 October 10
COAL SPOT TRADING MAY SOOTH PRICING CONFLICTS - GLOBAL TIMES
Global Times reported that, Tianjin-based Bohai Commodity Exchange launched steam coal for spot trading for the first time Monday. Steam coal is mai ...
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- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Central Java Power - Indonesia
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
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