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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 $15,964 a day.
SSY Consultancy is a unit of London-based Simpson Spence & Young Ltd.
Source: Alaric Nightingale, Bloomberg,Hellenic Shipping
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Monday, 12 October 09
INDONESIA TO CUT ROYALTIES TO BOOST LOW QUALITY COAL
Reuters reported that, Indonesia, the world's biggest exporter of thermal coal, plans to cut royalties paid by producers holding certain contracts ...
Monday, 12 October 09
SAMPUR COAL POWER PLANT AGREEMENT
Sunday Observer reported that, The construction work of the Sri Lanka-India joint venture coal power plant which costs US dollars 500 million will c ...
Saturday, 10 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - CAPT. REDDY
COALspot.com (Singapore): The BDI again firmed up this week by almost 14 pct to 2,695 points. The cape size index moved up quite sharply by 25 pct t ...
Saturday, 10 October 09
COAL PRICES TIPPED TO SURGE BY 40% AS GLOBAL DEMAND RECOVERS NEXT YEAR
Power-station coal prices may climb by more than 40 percent in 2010 from current levels as a global economic recovery boosts demand from power plant ...
Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 100/T
Indonesia coal producer, PT Bumi Resources recently stated that the revival of the global economy pushes up the demand from power plants and steel m ...
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- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- White Energy Company Limited
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- PTC India Limited - India
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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