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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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Friday, 14 November 14
MORE NATURAL GAS FROM RUSSIA TO HELP STABILISE CHINA PRICES - FITCH RATINGS
COALspot.com: Fitch Ratings has said possible additional natural gas supplies from Russia's OAO Gazprom to China via the Altai pipeline would h ...
Thursday, 13 November 14
SLOWER AND LOWER HAS BEEN THE TREND OF THE PANAMAX IN BOTH HEMISPHERES - FEARNLEYS
Handy
We are experiencing an oversupply of tonnage in the Atlantic which is out numbering the amount of cargoes, Fearnleys broker says in its lat ...
Thursday, 13 November 14
DRY BULK MARKET'S REBOUND HINGES ON IRON ORE OVERSUPPLY ISSUES MOVING FORWARD - HELLENIC SHIPPING NEWS
“One man’s benefit, is another man’s demise” is a phrase which can be used to describe today’s situation in the dry b ...
Thursday, 13 November 14
COAL MINISTER WANTS INDIA TO STOP COAL IMPORTS IN TWO OR THREE YEARS
COALspot.com: India to ramp up coal production to a billion tonnes by 2019 from its current level of 490 million tones. According to Power and Coal ...
Thursday, 13 November 14
MODERN DRY BULK SHIPS' PRICES START FIRMING UP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
While the main story of the past few weeks has been the rebound of the dry bulk market, which has been a result of increased Chinese iron ore impor ...
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- MS Steel International - UAE
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Planning Commission, India
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Australian Coal Association
- PTC India Limited - India
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- The University of Queensland
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
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