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Wednesday, 20 May 09
SHIPPING INDEX RISES TO 7-MONTH HIGH AS CHINESE DEMAND ADVANCES - BLOOMBERG
 The Baltic Dry Index, a measure of shipping costs for commodities, rose to a seven-month high in London on accelerating Chinese demand for iron ore.
China’s imports of iron ore, used in steelmaking, jumped 33 percent in April, setting a record for a third month, the customs office said last week. The nation, the world’s biggest steel producer, is stockpiling commodities as part of a reallocation of its sovereign wealth, Brian Jackson, senior strategist at the Bank of Canada in Hong Kong, said yesterday.
“This will continue for at least one year,” Nobu Su, founder of Taipei-based commodities shipping line TMT Co., said by phone from London today. “It’s a natural hedge, so they are buying commodities.”
Chinese demand is compensating for a slump elsewhere, with the Organization for Economic Cooperation and Development in Paris predicting a 13 percent drop in world trade volumes this year. Ships carry about 90 percent of world trade, according to The Round Table of International Shipping Associations.
The index tracking transport costs on international trade routes added 39 points, or 1.5 percent, to 2,644 points, according to the Baltic Exchange. That’s the highest since Oct. 8 and marks a 13th consecutive advance. Rentals climbed for every class of ship tracked by the bourse.
Nobu Su on April 1 said the index had “hit bottom” and would advance. The gauge has gained 68 percent since then. The index plunged 92 percent last year, its worst performance in at least two decades.
Amassing Commodities
China’s amassing of commodities is “definitely happening,” Michael Gaylard, London-based strategic director at broker Freight Investor Services Ltd., said by phone today. “They are building up some stockpiles right across the commodity spectrum, from base metals to coal.”
China increased crude-oil imports in April by 13.6 percent from a year earlier because of government plans to boost stockpiles of the fuel to 60 to 90 days.
“We’ve seen a lot of cargoes,” said Su, whose company controls a fleet of about 130 vessels that mostly transport coal, ore and grain. Demand has mainly come from India and China, he said.
Rental rates for iron ore-carrying capesize vessels, the largest monitored by the bourse, advanced 2.1 percent to $36,113 a day. Panamax rentals added 0.6 percent to $20,239 a day.
Forward freight agreements, contracts indicating future shipping costs, traded at $26,750 to $27,000 a day on capesize vessels for the third quarter as of 1:30 p.m. in London, according to Gaylard. They closed yesterday at $27,594, Baltic Exchange data show.
FFAs for panamax vessels over the same period traded at about $14,750 a day, from $15,038 yesterday.
Source: http://www.bloomberg.com/apps/news?pid=20601087&sid=a.jSvYLSrgcA&refer=home
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Wednesday, 20 May 09
COAL & OIL BAGS TWO CONTRACTS TO SUPPLY COAL TO CEMENT & SUGAR INDUSTRY IN INDIA
COALspot.com: According to website of Coal & Oil Company, Aditya Birla Group (Ultratech) have placed orders with Coal and Oil Company for supply ...
Wednesday, 20 May 09
CIL MAY URGE NEW GOVERNMENT TO HIKE COAL PRICE - STEELGURU
BL reported that soon after assuming office the new government may be faced with a proposal for an increase in prices of coal by Coal India Limited ...
Wednesday, 20 May 09
S.KOREA COAL IMPORTS IN APRIL DOWN 22 PCT Y/Y - REUTERS
South Korea's imports of heating coal in April fell 22 percent from a year earlier on bearish demand from domestic utilities, industry data showed ...
Wednesday, 20 May 09
THE WORLD'S TOP COAL TRADING COMPANIES - REUTERS
The international physical steam coal market has become increasingly liquid and tradeable during the past five years.
Physical global seaborne co ...
Saturday, 16 May 09
FREIGHT MARKET HAS BEEN EXTREMELY BUOYANT - VISTAAR SINGAPORE
COALspot.com (Singapore): The week saw the BDI rally continuing and the market freight market has been extremely buoyant, VISTAAR Shipping Pte Limit ...
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- White Energy Company Limited
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- The University of Queensland
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- PTC India Limited - India
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
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