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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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Monday, 20 April 09
PT PAMAPERSADA SEES ITS REVENUE TO CLIMB BY 20% IN 2009 - STEELGURU
PT Pamapersada Nusantara, a unit of Indonesia's PT United Tractors, said that its 2009 profit will be similar to last year, even as it forecasts re ...
Monday, 20 April 09
NIPPON STEEL SEMI-SOFT COAL PRICE SAID TO DROP 67% - BLOOMBERG
Nippon Steel Corp., Japan’s largest mill, will pay up to 67 percent less for semi-soft coking coal this fiscal year, two industry executives w ...
Monday, 20 April 09
INTERNATIONAL INVESTORS SEEK TO SELL ADARO STAKES - MONEY.CNN
Some international investors in PT Adaro Energy ( ADRO.JK) have approached other companies to sell around a combined 17% stake in the coal miner via ...
Friday, 17 April 09
BHATIA COAL INDIA, VITOL IN DISPUTE - COAL JUNCTION
Bhatia Coal India, a subsidiary of the Bhatia International Group, terminated a coal supply contract with traders Vitol and has initiated arbitratio ...
Friday, 17 April 09
JSW TO BUY THERMAL COAL MINE IN AFRICA
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million tons, to min ...
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- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Central Electricity Authority - India
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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