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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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Thursday, 09 September 10
DRY BULK MARKET IS LOOKING TO INCREASE GAINS ON OCTOBER IRON ORE CONTRACTS
The “success” story that the dry bulk market has been displaying during the past couple of weeks is being materialized as we head toward ...
Tuesday, 07 September 10
INDIA IMPORTS 1.63 MLN T OF COAL FOR THE PERIOD 30 AUGUST - 5 SEPTEMBER - SOURCES
COALspot.com: India has imported 1.07 million tons of power plant coal, 0.520 mln tons of coking coal and around 41,000 mt of Anthracite coal for th ...
Tuesday, 07 September 10
GOVERNMENT DECLARED INDONESIAN COAL PRICE REFERENCE DECLINE FOR THIRD-STRAIGHT MONTH
COALspot.com: Indonesian thermal coal price reference, a monthly benchmark price declared by Ministry of Energy and mineral resources of Repub ...
Tuesday, 07 September 10
MERCATOR TO BUY COAL MINE IN INDONESIA THIS FISCAL
Mercator Lines, India’s second-largest shipping company which has diversified into coal mining, will buy a coal mine in Indonesia with more th ...
Monday, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
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- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- The University of Queensland
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
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