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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 $15,964 a day.
SSY Consultancy is a unit of London-based Simpson Spence & Young Ltd.
Source: Alaric Nightingale, Bloomberg,Hellenic Shipping
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Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
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- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- The University of Queensland
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- MS Steel International - UAE
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
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