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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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Monday, 06 April 09
RICHARDS BAY COAL TERMINAL EXPORTS ROSE 5 PERCENT IN MARCH - BLOOMBERG
South Africa’s Richards Bay Coal Terminal, the world’s largest coal-export facility, shipped 5 percent more coal in March than the same ...
Monday, 06 April 09
INDIA'S OSWAL CHEM EYES INDONESIAN COAL MINES -ECONOMICTIMES
Oswal Chemicals and Fertilisers (OCFL), part of Abhay Oswal-led Oswal group, has initiated talks with three separate Indonesian coal firms to ...
Thursday, 02 April 09
FOREIGNERS ALSO CHEER FOR INDONESIA'S THE NEW MINING LAW - MAJALA TAMBANG
Three mining giants, Australia's Rio Tinto along with Canada's Barrick Gold and Southern Arc, are among foreign corporations currently applying fo ...
Wednesday, 01 April 09
INDONESIAN GOVERNMENT REVISES MINING REVENUE TARGET DOWN 26% - THE JAKARTA POST
Government income from mining this year, excluding taxes, is expected to drop by about 26 percent to Rp 11 trillion ($957 million), primarily becaus ...
Wednesday, 01 April 09
INDONESIAN OFFICIAL CLAIMS NEW LEGISLATION IS VINDICATED AS OVERSEAS FIRMS LINE UP FOR MINING LICENSES - THE JAKARTA GLOBE
The Energy and Mineral Resources Ministry is expected to issue six mining licenses under the country’s new mining law over the next two months ...
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- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- The University of Queensland
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
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