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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 $15,964 a day.
SSY Consultancy is a unit of London-based Simpson Spence & Young Ltd.
Source: Alaric Nightingale, Bloomberg,Hellenic Shipping
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Friday, 20 November 09
INDONESIAN CO PLANS JV WITH NAGARJUNA
Economic Times reported that, Infrastructure firm Nagarjuna Constructions Company (NCC) is set to form a joint venture with an Indonesian coal minin ...
Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price ...
Thursday, 19 November 09
SNAPSHOT OF INDONESIA'S COAL INDUSTRY - FACT BOX BY REUTERS
Indonesian plans to cap coal exports to meet domestic demand will not hit global supplies in the near term, but could start to bite in three to five ...
Thursday, 19 November 09
INDONESIA COAL EXPORTS CURB WILL TAKE TIME TO BITE
Indonesia's plans to cap coal exports to satisfy demand at home are unlikely to crimp global supplies for as long as five years, when new power pla ...
Thursday, 19 November 09
THE GOVERNMENT TO GUARANTEE COAL SUPPLIES FOR POWER PLANTS
The government guarantees coal supplies for power plants under a 10,000 MW-capacity power plant construction acceleration program.
Minister of En ...
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- Kobexindo Tractors - Indoneisa
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- Planning Commission, India
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- Bharathi Cement Corporation - India
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- Eastern Energy - Thailand
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
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- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- White Energy Company Limited
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- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
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- Directorate Of Revenue Intelligence - India
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- Pendopo Energi Batubara - Indonesia
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- Chamber of Mines of South Africa
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- Energy Link Ltd, New Zealand
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- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
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- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- The Treasury - Australian Government
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- Coalindo Energy - Indonesia
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- International Coal Ventures Pvt Ltd - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
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- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
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- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
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- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
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- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
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- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
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- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
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- Barasentosa Lestari - Indonesia
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- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
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- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
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- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Australian Coal Association
- Merrill Lynch Commodities Europe
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- Bulk Trading Sa - Switzerland
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- Grasim Industreis Ltd - India
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- Interocean Group of Companies - India
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- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
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- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
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- Commonwealth Bank - Australia
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