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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 $15,964 a day.
SSY Consultancy is a unit of London-based Simpson Spence & Young Ltd.
Source: Alaric Nightingale, Bloomberg,Hellenic Shipping
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Friday, 06 August 10
KRISHNAPATNAM PORT WINS NON MAJOR PORT AWARD 2ND TIME IN A ROW
COAlspot.com ( Press Release) Krishnapatnam Port, the world-class port on the Indian horizon, took the top honors for the second time in a row, in t ...
Friday, 06 August 10
POLANDS KOPEX GROUP DEVELOPS COAL MINE IN INDONESIA
Polishmarket reported that, Polish mining concern Kopex Group, , is to build the first in Indonesia mechanised underground coal mine. The group is c ...
Thursday, 05 August 10
MORATORIUM MAY HURT NEW PROJECTS: MINING GROUP
The government’s proposed two-year moratorium on issuing new concessions to convert forests and peatlands to other uses may hinder new mining ...
Thursday, 05 August 10
IRON ORE EXPORT BAN COMPOUNDS PROBLEMS OF INDUSTRY - BUSINESS STANDARD
Forex loss of Rs 300 crore (US$ 65.63 million) ; truckers, ports, Railways bear the brunt
The Karnataka government’s move to ban the export ...
Thursday, 05 August 10
DRY BULK LOOKING TO CHINA FOR A NEW RALLY, BUT INDIA COULD BE THIS YEAR'S SURPRISE
The dry bulk market’s rebound has hit a “wall” this week, with the industry’s benchmark, the BDI (Baltic Dry Index) ending i ...
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- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
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