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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 $15,964 a day.
SSY Consultancy is a unit of London-based Simpson Spence & Young Ltd.
Source: Alaric Nightingale, Bloomberg,Hellenic Shipping
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Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, co ...
Friday, 28 May 10
CHINESE BAN TO HIT INDIAN IRON ORE EXPORTS
Nearly half of India's iron ore exports to China are in serious danger of being wiped out. The local government has imposed a ban on import of low ...
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- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
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- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
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- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
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- VISA Power Limited - India
- Posco Energy - South Korea
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- Global Business Power Corporation, Philippines
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- Ministry of Finance - Indonesia
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- Anglo American - United Kingdom
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- Directorate General of MIneral and Coal - Indonesia
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- Chamber of Mines of South Africa
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- The University of Queensland
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- Oldendorff Carriers - Singapore
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- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Kepco SPC Power Corporation, Philippines
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- Energy Link Ltd, New Zealand
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- Trasteel International SA, Italy
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Petrochimia International Co. Ltd.- Taiwan
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- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
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- Global Green Power PLC Corporation, Philippines
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- European Bulk Services B.V. - Netherlands
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- Pipit Mutiara Jaya. PT, Indonesia
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- Bhoruka Overseas - Indonesia
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- Minerals Council of Australia
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- Thai Mozambique Logistica
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- Wilmar Investment Holdings
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- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
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- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
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- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
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- Coastal Gujarat Power Limited - India
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- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Baramulti Group, Indonesia
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- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
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- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
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- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
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- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
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- Global Coal Blending Company Limited - Australia
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- CNBM International Corporation - China
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- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
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- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Intertek Mineral Services - Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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