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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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Friday, 08 May 09
INDONESIAN STATE AUDIT BOARD COULD ONLY REACHED A SMALL NUMBER OF KP AND PKP2B - MAJALAHTAMBANG
THE LACK of personnel and the very limited time period have been the reasons why the 2nd semester of the special purpose audit for coal mining ...
Friday, 08 May 09
B.C.'S MINING INDUSTRY HIGH COAL PRICES TO RECORD 2008 PROFITS - PAGUNTAKA
AGGREGATE pre-tax earnings rose to $3.2 billion, the highest amount in the 41-year history of a PricewaterhouseCoppers survey.
B.C.’s minin ...
Thursday, 07 May 09
ASIA COAL-PRICES EASE TO NEAR $63 ON DEMAND CONCERNS - REUTERS
AUSTRALIAN thermal coal prices, a benchmark for Asia, edged lower to around $63 a tonne on concerns over demand, after hitting a two-week high of $6 ...
Thursday, 07 May 09
RICHARDS BAY COAL SHIPMENTS FALL MOST IN 9 MONTHS - BLOOMBERG
RICHARDS BAY Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments fell 24 percent last month, the biggest drop in nine mo ...
Tuesday, 05 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE - BLOOMBERG
COAL shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 18 percent last week while the numb ...
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- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Indogreen Group - Indonesia
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
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