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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, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
Monday, 12 April 10
INDIA'S NALCO TO INVEST BIG IN INDONESIA'S ALUMINIUM PROJECT - BERNAMA
Bernama reported that, India's state- owned National Aluminium Company Ltd (Nalco) is to pump in massive investment to set up a aluminium smelter a ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- The University of Queensland
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- VISA Power Limited - India
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Australian Coal Association
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
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