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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, 25 April 09
KPC DEVELOPS EAST KALIMANTAN WITH GOVT - THE JAKARTA POST
Kaltim Prima Coal (KPC) focuses on several areas in its CSR projects to help the government increase the welfare of the community living around the ...
Friday, 24 April 09
NAPOCOR TO TENDER FOR 195,000 T COAL - ABS-CBNNEWS.COM
Top Philippine electricity producer National Power Corp. (Napocor) said on Friday it will hold a tender on May 20 to buy 195,000 tons of steam coal ...
Friday, 24 April 09
NTPC TO DELVE INTO CONTRACT MINING - ECONOMICTIMES
NTPC, India’s largest power producer, plans to cash in on its decades-old experience in handling coal mines by spinning off a separate u ...
Wednesday, 22 April 09
PROTECTED FORESTS FACING UNDERGROUND MINING THREAT - THE JAKARTA POST
The government is soon to issue a presidential regulation allowing mining companies to mine underground in protected forest areas, despite a recent ...
Tuesday, 21 April 09
MITRA RAJASA TO ACQUIRE TWO MINING COMPANIES - THE JAKARTA POST
PT Mitra Rajasa Tbk plans to acquire PT Realita Jaya Mandiri and PT Masindo Artha Resources in South Sumatra, which are worth around US$40 million.
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- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Australian Coal Association
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- CNBM International Corporation - China
- MS Steel International - UAE
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
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