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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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Monday, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...
Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...
Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed.
The opinion of the Sri Lankan atto ...
Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm ...
Saturday, 06 February 10
FREIGHT WOULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week including the stock markets. The main reason seems to be Chinese ne ...
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- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
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