We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 01 April 11
DRY BULK MARKET WEAKENS ON SLOWER DEMAND, HOPES FOR MID-TERM REBOUND ON JAPANS RECONSTRUCTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market, as reflected in the Baltic Dry Index (BDI) retreated for a third day yesterday, after staying flat on Monday, to end at 1,530 points, down by 0.97 percent. The main losing segment was the Panamax one with falls of 2.28 percent, while the Capesize market was on the upside, gaining 0.68 percent. As it turns out, for the time being, the disaster in Japan and especially the danger of radiation has hit trade activity, limiting cargoes to and from Japan. The country is a strong importer of dry bulk commodities, such as coal and iron ore.
In a weekly report, shipbroker Fearnley’s said that activity in the Capesize sector is up, but the same has yet to be reflected in rate levels as this segment remains generally overtonnaged. “The main WAust/China ore trade is erratic in volume but stable in value at usd 7.35-45 pmt - equivalent to less than opex. Nuclear concerns have given some support to Atlantic coal activity/expectations, with resultant transatlantic levels maintained at some usd 12250 and fronthaul also unchanged at around usd 23350. With an inverted forward curve, period activity is limited to 180kdwt/blt 2009 spot Feast done for 12 mos at usd 16k, 177kdwt/blt 2004 China ppt done for 4-6 mos at usd 15500 and 174kdwt/blt 2007 said to be done for 2 yrs at around usd 17500” said Fearnley’s.
Regarding the falling Panamax market, it mentioned that “with few fresh cargoes entering the market, the rates declined marginally this week. TA´s fixed in average around USD 16k, which is a tick down from last week. South America and coal from US kept the market going. In the Pacific the rates hovered around USD 16500. However rumors stated that Japan would increase their coal import, due to lack of nuclear energy. The ballasters from the Pacific and Indian Ocean obtained decent numbers, around USD 16-17k daily, which was in line with the short period market” said the report.
As for the smaller handy segment, “the Atlantic markets remain stable with more activity from the Black Sea to FEast paying in the mid 20´s on Supras. The USG remains firm paying in the mid 20´s for trips into the Med and low/mid 30´s for trips FE. Outlook: stable. The Pacific market is still weak; the signs of weakening are lack of fresh enquiries and less trading activities. Indian activities are also very slow. Supras on WC India are seeing high teens for trip to China with freight levels hovering between usd 20 pmt. Supras ex Richards bay coal terminal/India hovering at usd 25/27.00 pmt. Ex Red Sea to India handymax tonnages are seeing mid/high 20´s” concluded the shipbroker.
While things look a bit dim at the moment, there’s hope that Japan’s massive reconstruction process will boost prospects of the dry bulk freight market in the medium and long term. Japan may increase imports of Australian iron ore and of logs and lumber from New Zealand and Malaysia after the March 11 tsunami devastated buildings in the Tohoku region. Following the Kobe quake in 1995, the Baltic Dry Index, the benchmark for commodity-shipping rates, surged 20 percent in three months after initially falling 6 percent in three weeks said Bloomberg in a report. At the same time, dry bulk rates could get a modest boost as Japanese power plants restock coal inventories and steel companies import more iron ore to rebuild damaged output, analysts said.
For the time being though, fears of an ever increasing oversupplied market seem to be materializing, with rates still depressed. Just this week, China COSCO Holdings Co Ltd., the country’s top shipping conglomerate, said it saw huge challenges in the dry bulk market and urged companies "not to be quick to order new ships". Nevertheless, it added that rates could rise later this year.
Source: Nikos Roussanoglou, Hellenic Shippping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 08 January 11
AUSTRALIAN FLOODS MAY BOOST RIS COAL SALES - THE JAKARTA POST
The Jakarta Post reported that, Floods inundating Queensland have disrupted Australian coal production, and in turn may offer opportunities for Indo ...
Saturday, 08 January 11
GOVERNMENT REMAINS CAUTIOUS OVER FOREIGN INVESTMENT IN MINING SECTOR - THE JAKARTA GLOBE
The Jakarta Globe reported that, The government expects $3.2 billion of investment to flow into the mining sector this year as foreign investors tur ...
Friday, 07 January 11
14 LARGE-SCALE COAL BASES TO BE BUILT DURING 12TH FIVE-YEAR PLAN - GLOBAL TIMES
During the Twelfth Five-Year Plan period (2011-2015), China aims to build 14 large-scale coal bases, and annex and restructure 20 coal bases in orde ...
Friday, 07 January 11
JSW ENERGY LTD OF INDIA IS LOOKING FOR 45 MILLION TONS OF STEAM COAL FOR 25 YEARS
COALspot.com - Supply of 1.80 mmt (+/- 10%) of steam coal per annum for power plants at Toranagallu and Jaigad.
Accordign to JSWE's websit ...
Friday, 07 January 11
SRI LANKA NEW PORT TO OFFER SHIP FUEL IN MAY - LBO
LOB reported that, The Sri Lanka Ports Authority (SLPA) plans to start bunkering or ship fuel operations at a new port in southern Hambantota in May ...
|
|
|
Showing 5441 to 5445 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- VISA Power Limited - India
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Mjunction Services Limited - India
|
| |
| |
|
