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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, 03 June 10
GOVT CONSIDERING IMPORT PARITY PRICE FOR DOMESTIC COAL
The government on June 1 said it is considering to price domestic coal on par with global rates, a move which may increase the cost of the raw mater ...
Wednesday, 02 June 10
SRI LANKA TESTS 1ST COAL POWER PLANT IN SEPT.
Sri Lanka will start testing its first 300 MegaWatt coal power plant in September with plans to connect it to the national distribution grid by Janu ...
Wednesday, 02 June 10
CHINA'S IRON ORE IMPORTS TO KEEP BEING THE BIGGEST FACTOR FOR DRY BULK FREIGHT RATES SAY READERS
With dry bulk freight rates staging a positive rally during most of May, the industry’s main benchmark, the Baltic Dry Index (BDI) has managed ...
Wednesday, 02 June 10
KIDECO TO PRODUCE 29.5 MILLION TONS OF COAL IN 2010
COALspot.com: Kideco to produce 29.5 million tons of coal in 2010 up 4.8 million or about 19 percent up from 2009 production. Kideco produced 24.7 m ...
Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
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- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
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- IEA Clean Coal Centre - UK
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- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Tamil Nadu electricity Board
- The University of Queensland
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- Economic Council, Georgia
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- New Zealand Coal & Carbon
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- White Energy Company Limited
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- Deloitte Consulting - India
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- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
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- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Australian Coal Association
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
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- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
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- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
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- MS Steel International - UAE
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- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Singapore Mercantile Exchange
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- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
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- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
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- Intertek Mineral Services - Indonesia
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- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
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- Indian Oil Corporation Limited
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- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
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- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
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- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Marubeni Corporation - India
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- Planning Commission, India
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