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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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Tuesday, 28 April 09
S'PORE COURT RULES AGAINST DEUTSCHE ON ASSET SALE - REUTERS
Singapore's highest court has ruled that Deutsche Bank (DBKGn.DE) may have to pay unspecified damages to an investment firm as it did not get the b ...
Tuesday, 28 April 09
WORLD THERMAL COAL PRICE EXPECTED TO CRASH - PURCHASING.COM
Macquarie Bank sees 50% drop to $60/ton in 2009
Macquarie Bank today forecast the 2009 average market price for world thermal coal at $60/ton, a ...
Tuesday, 28 April 09
THAI LANNA TO OPEN NEW INDONESIAN MINE BY Q3 - REUTERS
Thailand's Lanna Resources PCL LANN.BK said on Monday it planned to open a new coal mine in Indonesia by the third quarter of 2009 with an initial ...
Tuesday, 28 April 09
SOUTH AFRICAN EXPORT COAL RETREATS ON WEAKER EUROPEAN DEMAND - BLOOMBERG
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, fell for a second co ...
Monday, 27 April 09
INDONESIA S.KALIMANTAN GETS COAL TRUCKS OFF PUBLIC ROADS - REUTERS
A local government in one of Indonesia's top coal-producing areas has banned coal and palm oil firms from using public roads because of the damage ...
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- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
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- Anglo American - United Kingdom
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
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- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
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- Antam Resourcindo - Indonesia
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
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- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
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- Semirara Mining Corp, Philippines
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- Thai Mozambique Logistica
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- Minerals Council of Australia
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- Wilmar Investment Holdings
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
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- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
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- The State Trading Corporation of India Ltd
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- Bhatia International Limited - India
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- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
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- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
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- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
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- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
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- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
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- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
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