We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
 Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for shipments of coal and iron ore slowed.
The index tracking transportation costs on international trade routes today slid 135 points, or 4.6 percent, to 2,772 points, according to the Baltic Exchange. That took its weekly drop to 17 percent, the most since the end of October.
“The Chinese have backed off and it’s starting to show in the number of shipments this month,” Gavin Durrell, a Cape Town-based official at Island View Shipping SA, Africa’s biggest commodities shipping line, said by phone today. “Iron ore and coal seem to be slowing down.”
China’s record coal and iron ore imports in the first half helped the index to advance as much as fivefold this year, reversing some of the record 92 percent collapse in 2008. Demand rose after the country’s government announced a 4 trillion yuan ($586 billion) stimulus package.
Daily rental rates for every class of ship tracked by the bourse declined today, led by a 5.6 percent slump to $20,880 for panamaxes, ships designed to navigate the Panama Canal.
Capesizes, ships most commonly used to haul about 170,000 metric tons of iron ore around South Africa’s Cape of Good Hope or Chile’s Cape Horn, lost 5.2 percent to $45,428 a day. Smaller supramaxes fell 5 percent to $19,242 a day and handysize ships lost 2 percent to $12,051 a day.
Chinese Steelmakers
Rates are declining as Chinese steelmakers delay imports while they negotiate annual iron ore prices with producers such as Rio Tinto Group, BHP Billiton Ltd. and Vale SA, Durrell said. “I don’t think they will come back until they agree,” he said.
The drop reflects a wider slide in demand for raw materials that will likely push prices for metals, commodities and energy lower, Eugen Weinberg, a senior commodity analyst at Commerzbank AG in Frankfurt, said by phone yesterday.
The Baltic Dry Index has slumped 35 percent from this year’s high on June 3. The Standard & Poor’s GSCI Index of 24 commodities has climbed 7 percent over the same period.
Derivatives betting on the Baltic Exchange’s future assessments fell for a third day, indicating the declining spot market is causing traders’ future expectations to deteriorate.
October-to-December forward freight agreements, or FFAs, for capesizes lost 4.7 percent to $36,750 a day, according to prices from Imarex ASA, a broker of the accords. That implies traders expect the market to drop 19 percent by year-end.
Panamax contracts fell 1 percent to $17,625 a day, implying a 16 percent decline.
Source: Bloomberg
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 06 August 09
CASES FILED AGAINST ESSAR ALGOMA OVER TERMINATED COAL SHIPMENTS
Steel Guru reported that, It is reported that units of International Coal Group Inc and Arch Coal Inc have filed federal lawsuits in the same court ...
Thursday, 06 August 09
COMPULSORY MINE RECLAMATION PROPOSED FOR A MINING'S LIFETIME
Tambang reported that, A data from the Forestry Ministry showed that almost 65 percent of mining activities operated under contract of work, c ...
Thursday, 06 August 09
MINING PERMITS FOR THOSE COMMITTED TO SMELTER DEVELOPMENT ONLY
Tambang reported tht, Concrete and tangible endeavors are key to guarantee the attainment of added value from mining sector. The Indonesian Ministry ...
Thursday, 06 August 09
PRESS RELEASE - CZECH COAL CONTESTS THE J&T AND IPO MERGER
Prague, 3 August 2009 - The Czech Coal Group filed today objections to the proposed merger of the J&T Group and International Power Opatovice (I ...
Wednesday, 05 August 09
SMALLER DRY BULK CARRIERS TO FARE BETTER UNTIL THE END OF 2009 - SHIPPING
Marcor Shipping reported that, Smaller ship types are expected to outtake larger ones in dry bulk trade for the period until the end of the year. Th ...
|
|
|
Showing 6536 to 6540 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
|
| |
| |
|
