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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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Thursday, 24 September 09
S.KOREA HYUNDAI STEEL TO BUY COAL FROM SIBERIA
Reuters reported that, South Korea's Hyundai Steel said on Wednesday it will buy a maximum of 300,000 tonnes of coal per year from Siberian Anthrac ...
Thursday, 24 September 09
NO IMPORTED COAL-BASED UMPPS: TATA POWER
Will wait until policy environment becomes more favourable.
Business Standard reported that, Tata Power Company (TPC), India’s largest priv ...
Thursday, 24 September 09
BUMI RAISES $1.9 BILLION SELLING DEBT TO CHINA'S CIC
Bloomberg reported that, PT Bumi Resources, Indonesia’s biggest coal producer, said it raised $1.9 billion selling debt to China’s sover ...
Thursday, 24 September 09
MACQUARIE DOWNGRADES U.S. COAL SECTOR TO NEUTRAL
Reuters reported that, Macquarie Research downgraded the U.S. coal sector to "neutral" from "overweight" as it believes that dem ...
Thursday, 24 September 09
CHINA WILL BE IMPORTER OF COKING COAL NEXT YEAR, MCCLOSKEY SAYS
Bloomberg reported that, China, the world’s largest coal user and producer, will remain an importer of the fuel through next year, according t ...
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- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Planning Commission, India
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- The University of Queensland
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
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