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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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Saturday, 17 October 09
US COAL MINERS LOOKING AT LOWER PROFITS
Most US coal miners are looking at sharply lower third-quarter earnings, but those that produce coal for steelmaking and export should enjoy higher ...
Friday, 16 October 09
INDONESIA EXPORTED 19,194,857 MT OF COAL IN SEPTEMBER 2009 - SOURCES
COALspot.com (Indonesia): Indonesia exported 19,194,857 MT of coal in September 2009. Out of total exported quantity, South Korea imported abou ...
Friday, 16 October 09
NAVIGATING THROUGH STORMY WATERS
To Theodore E Veniamis, the President of the Union of Greek Shipowners, the current turmoil in world shipping is due to the cyclical nature of marit ...
Friday, 16 October 09
COAL INDIA RAISES PRICE BY 11%
Trak reported that, State-owned Coal India Ltd (CIL) has raised the price of coal produced by its subsidiaries by an average of 11 percent effective ...
Thursday, 15 October 09
SOUTH AFRICAN MINING COMPANY ACCEPTED $92 MILLION BID FOR COAL MINE STAKE IN SIYANDA COAL
Paguntaka reported that, Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million ...
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- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- White Energy Company Limited
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
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