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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, 09 March 10
STRONG REBOUND IN ALL THE DRY BULK SEGMENTS THIS WEEK
There was a strong rebound in all the dry bulk segments this week, leading to an 18% jump in the Baltic Dry Index.
The Cape and Panamax markets s ...
Tuesday, 09 March 10
L&T POWER EYEING COAL MINES IN AUS, INDONESIA
L&T Power Development Company, a part of the Larsen & Tubro Group, plans to acquire coal mines in Australia and Indonesia, a top company off ...
Tuesday, 09 March 10
BHP AGREES SHORTER-TERM COAL DEALS WITH EUROPEAN, ASIAN CUSTOMERS
Diversified miner BHP Billiton on Monday reported that it had reached sales terms for a significant portion of its hard coking coal volumes for 2010 ...
Monday, 08 March 10
KPCL TO IMPORT 0.9 MILLION TON OF 6000 GCV COAL
COALspot.com: India's Karnataka Power Corporation Ltd is seeking to import 0.9 million metric tons of 6000 kcal/kg (adb) Gross Calorific Value stea ...
Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
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- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- ASAPP Information Group - India
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
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