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Saturday, 08 January 11
DIFFICULT YEAR FOR SHIPPING - TRANSPORT WEEKLY
 Transport Weekly reported that, Shipping Corporation of India (SCI) chairman Sabyasachi Hajara says 2011 will be a difficult year because an excess tonnage supply will depress freight rates, according to the Shipping Gazette. In an interview with India's Business Line, Mr Hajara said 2010 was a record year for delivery of new ships and 2011 will be closely following that, and thereafter it will drop.
On the demand side, there will be growth despite the financial difficulties in the euro region and in the US," he said.
BRIC countries (Brazil, Russia, India and China) are growing well, and that will drive the trade, he said. Because of that demand for tonnage is expected to grow at a decent pace in 2011, but the impact of excess supply of ships is expected to continue till early 2012, Mr Hazara said.
Thereafter, there will be a reasonable chance for a decent revival in rates. This is because 2009 was a historic low for new ship orders and therefore delivery of new ships will be very limited in 2012. But the growth in demand will continue following the expected global economic recovery. So, there will be demand supply equilibrium by 2012.
The container trade did much better in 2010 than in 2009 because of the self-discipline imposed by the large carriers, which laid up part of their tonnage to remedy the demand-supply mismatch.
As the global economy recovers, trade volume will go up. This should fuel growth in container volumes. "We should see nine per cent growth in volumes in 2011. Overall, the container scenario will remain good."
Mr Hazara said the growth in India's shipping industry has been really commendable. For an Indian shipowner deployment of ships will not be a problem. But the margins for Indian shipping companies, like their counterparts in other countries, will come under tremendous pressure, at least till the beginning of 2012.
Mr Hazara said there will be demand growth in all segments. Coal is going to be a big story in India. The demand for thermal coal is expected to go up to 200 million tonnes by 2013 from 80 million tonnes now. Demand for coking coal also is expected to double in the two-three years.
With steel mills expanding, coal imports will go up. Imports by Steel Authority of India (SAIL) are expected to rise from 12 million tonnes to 24-30 million tonnes in the next two-three years.
In the oil sector, India is going to depend more on imported crude, with imports expected to go up from the present level of 80 per cent to 90 per cent in the next five to seven years.
Source: Transport Weekly / Hellenic Shipping
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Thursday, 23 December 10
SOUTHGOBI RESOURCES CLOSES STRATEGIC INVESTMENT IN ASPIRE MINING LIMITED
Press Release – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), announced today that it has completed the private placement with Aspire Mining ...
Thursday, 23 December 10
CESC EYES COAL MINES IN INDONESIA, S AFRICA - TEHELKA
Company has already set a target of adding 6,000 MW power generation by the end of the 12th Plan in 2017
Tehelka reported that, CESC Ltd, the fla ...
Thursday, 23 December 10
SANTA CLAUSE DID NOT COME EARLY THIS YEAR - FEARNBULK
Handy
Not much fresh enquiry this week and quite dead in Bl.Sea/Med. Nevertheless ...
Thursday, 23 December 10
STERLITE ENERGY LIMITED TO BUY 0.6 MLN MT OF COAL FOR 2011
COALspot.com - Sterlite Energy Limited (SEL) is a part of Vedanta Resources plc , a London listed FTSE 100 diversified metals and mining major with ...
Wednesday, 22 December 10
PEABODY ENERGY TO SOURCE INDONESIAN COAL FROM PT SUPRA BARA ENERGI (SBE) - COAL GEOLOGY
Coal Geology reported that, Peabody Energy has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the e ...
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- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Minerals Council of Australia
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
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