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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, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate ...
Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dr ...
Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which m ...
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...
Thursday, 24 December 09
DRY BULK CHARTERING - SHIPPING UPDATE
Handy
Continued firm conditions for the Handymax / Supramax market in the Atlantic despite the BSI´s downward trend. As chrs scramble to cov ...
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- Sical Logistics Limited - India
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Parliament of New Zealand
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
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