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Tuesday, 18 November 14
VALEMAX DEAL TO DETERMINE DRY BULK MARKET'S FATE - DREWRY MARITIME RESEARCH
Vale’s accord to sell and lease four Valemax vessels to COSCO might have negative repercussions on dry bulk freight rates. Vale has committed to lease ten more vessels to COSCO, as the company is keen on Valemaxes to export bulk iron ore to China, which has adequate infrastructure to receive the giant vessels. Currently, China is forbidding the entry of Valemaxes, citing safety issues.
The entry of Valemaxes into the dry bulk market will ensure reduced transportation cost for companies and have a negative impact on the Capesize sector. Vale will be able to take advantage of economies of scale with Valemax vessels entering the market while leaving more Capes unemployed.
Vale is optimistic about the future of the iron ore market, as it expects the current phase of low iron ore prices to end soon. Iron ore prices have gone down because of low demand from China and excess supply on increased production of iron ore by Vale, Rio Tinto and BHP Billiton.
Our view
Drewry believes that the admission of Valemaxes into China will help reduce transport costs and create freight-rate volatility in the Capesize market. High iron ore prices lured many iron ore producers into the market, and the recent fall in iron ore prices will exterminate the small fi sh and will help the big players to control pricing in future.
Companies with world-class assets, large-scale production, effi ciency and low costs will be able to survive in the market. Moving ahead, the Chinese steel industry is also likely to welcome Valemaxes, which will help them in cost cutting and profit optimisation.
Source: Drewry Maritime Research / Hellenic Shipping
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Wednesday, 19 November 14
SHIPPING MARKET INSIGHT - BY KATERINA RESTIS
The current Ebola outbreak in West Africa has been declared as a worldwide health emergency by the World Health Organization and has had a great im ...
Tuesday, 18 November 14
SUB-BIT FOB INDONESIA COAL SWAP DELIVERY Q2' 2015 CLOSED AT $ 49.55; DOWN 4.10% M-O-M
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month, gained week on week and day on day.
The Q1 swap has lost US ...
Tuesday, 18 November 14
FOB RICHARDS BAY COAL SWAP FOR Q1' 2015 DELIVERY CLOSED AT $ 66.31; UP 1.33% W-O-W
COALspot.com: API 4 FOB Richards Bay Coal swap for Q1’ 2015 delivery has gained US$ 0.27 (+0.41%) month over month and US$ 0.87 (+1.33%) week ...
Tuesday, 18 November 14
CHEAP OIL PRICES COULD RESHAPE GLOBAL OIL EXPORTING MAP - HELLENIC SHIPPING
Tanker owners have enjoyed a rather healthy 2014, but as the year draws to a close, the fall of oil prices is bound to reshape traditional, as well ...
Monday, 17 November 14
SKULD ISSUES URGENT NOTICE ON BANKRUPTCY OF OW BUNKER A/S
Further to the Association’s advices of 7 November 2014, more information has come to light with respect to the potential impact and scale of ...
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- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- The University of Queensland
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- White Energy Company Limited
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
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