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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, 18 September 09
STANCHART TO ADVISE BAYAN ON INDONESIA COAL FINANCING
Indonesian coal miner PT Bayan Resources Tbk said on Wednesday it has appointed Standard Chartered Bank as a financial adviser for raising at least ...
Friday, 18 September 09
COKING COAL SUPPLY TO FALL 3 MILLION TONS IN CHINA ON SHUTDOWN
Bloomberg reported that, Coking coal supply in China, the largest consumer, may fall by 3 million metric tons a month after a mine accident this mon ...
Thursday, 17 September 09
FOUR LEFT IN INDIA'S MMTC COAL IMPORT TENDER-SOURCE
Reuters reported that, India's MMTC Ltd has accepted four out of five submissions for an import tender for 12.5 million tonnes of coal, with a bid ...
Thursday, 17 September 09
INDIA SEEKS COAL
IBT commodities reported that, India is on a coal buying spree. The big Asian nation is scrambling to cover an expected shortfall in domestic supply ...
Wednesday, 16 September 09
S. LANKA, INDIA'S NTPC TO SIGN $500 MLN COAL DEAL
Reuters reported that, Sri Lanka is to sign a commercial agreement with India's National Thermal Power Corporation (NTPC.BO) to build a $500 millio ...
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- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- GMR Energy Limited - India
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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