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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 $15,964 a day.
SSY Consultancy is a unit of London-based Simpson Spence & Young Ltd.
Source: Alaric Nightingale, Bloomberg,Hellenic Shipping
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Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. sai ...
Monday, 07 December 09
JSW STEEL TO SELL MOZAMBIQUE COAL MINE FOR RS 300 CRORE
JSW Steel may sell its coal mine in Mozambique to sister company JSW Energy as the mine has become commercially unviable for the steel producer, a t ...
Monday, 07 December 09
BLACK RIDGE MINING ENTERS AGREEMENT WITH INDONESIAN COAL PRODUCER
Australian-listed Black Ridge Mining has entered into an exclusive dealing and non-circumvention agreement with Indonesian coal producer PT. Inmas A ...
Sunday, 06 December 09
THE ECI / CHINA (S7) ROUTE SOFTENED AND WAS AT US$ 25,275 PER DAY - VISTAAR
COALspot.com (Singapore): "The market was bit soft in the beginning of the week, however towards mid week that market started to pick up and th ...
Sunday, 06 December 09
NEW MANGALORE PORT GETS UPCL'S FIRST COAL PARCEL FROM INDONESIA
The Lanco Group-promoted Udupi Power Corporation Ltd (UPCL) has received the first parcel of imported coal from Indonesia at the New Mangalore Port. ...
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- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
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- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
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- The University of Queensland
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
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- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
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- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
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- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Economic Council, Georgia
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- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Planning Commission, India
- White Energy Company Limited
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
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- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
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