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Thursday, 20 April 17
CHINA'S IMPORT OF IRON ORE TO PROPEL DRY BULK SHIPPING DEMAND IN 2017 - PETER SAND
 China's import of iron ore will continue to be a key driver for the demand growth in 2017 for the dry bulk shipping industry, alongside shipping of grains.
This is emphasised by an accumulated growth rate for Q1-2017 of 9.5% compared to the same quarter of 2016. Furthermore, it is the highest imported amount of seaborne iron ore for a first quarter.
The growth rate of Chinese imported iron ore in 2016 was constant throughout the year, as the annual volume broke into landmark territory. Both the total iron ore import and total seaborne iron ore import volumes for 2016 exceeded 1 billion tonnes for the first time ever.
Clouds on the horizon
BIMCO’s Chief Shipping Analyst Peter Sand says: “Despite a growth of 7.5% in total imported iron ore for 2016, the growth in Chinese steel production remained limited at 1.2%.
The reason for the increase in imported iron ore originates from China substituting domestically mined ore of low iron content for imported ore of much higher iron content and thereby, squeezing more domestically sourced Iron ore out of the market.
The Chinese demand for steel grew by 1.4%, which has increasingly been from construction and increased public spending on physical infrastructure works”.
Chinas import of iron ore travels longer distances
China imported 71.3 mill tonnes of iron ore more in 2016 than the previous year, as the total Chinese import of iron ore increased 7.5% compared to 2015. The total Chinese import of seaborne iron ore achieved a growth rate of 7.7%, which is 72 mill tonnes more in 2016 compared to 2015. Chinese imports of iron ore by land dropped 4% in 2016 compared to 2015, which is 0.7 mill tonnes less.
Thereby, China has imported more iron ore via sea in 2016 compared to 2015 and less iron ore via inland transportation in the same period. This is the best possible scenario for the dry bulk shipping industry, as land borne sources are being substituted for seaborne providers.
Brazil claws market share from Australia
Brazil has grabbed a larger share of the growth in the Chinese iron ore import, as they have exported 12.1% more in 2016 compared to 2015. The growing Brazilian iron ore export to China has clawed market share from Australia, as Australian iron ore exports to China increased by 5.4%.
Brazil being more influential is a substantial benefit to the dry bulk shipping industry, as the Brazil-China route is the longest iron ore voyage and ties up tonnage for a longer time. An 8.5% growth in tonne-miles according to BIMCOS’s own calculation of Chinese iron ore imports further emphasises, that China is sourcing their iron ore imports from farther distanced origins in 2016 compared to 2015.
By: Peter Sand
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Friday, 28 April 17
U.S PRODUCED LESS COAL THIS PAST WEEK COMPARED TO THE PREVIOUS WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14 million short tons ( ...
Friday, 28 April 17
DELTA DUNIA RECORDED $24 MILLION NET PROFIT FOR FIRST QUARTER OF 2017; UP 700% Y/Y
COALspot.com: PT Delta Dunia Makmur Tbk. has announced its financial results for the first quarter of 2017 yesterday. According to the ...
Thursday, 27 April 17
PACIFIC IS SOFTENING WITH MORE TONNAGE OPENING AND LESS COAL ORDERS AROUND - FEARNLEYS
Supramax
Relatively slow week, with both basins showing signs of cooling down. Although grain cargoes out ECSA and ECCA on Ultras still delivered ...
Wednesday, 26 April 17
IRON ORE PRICES HAVE BEEN ON A ROLLERCOASTER RIDE OVER THE LAST MONTH - CHRISTOPHER WHITTY
Iron ore prices have been on a rollercoaster ride over the last month. Prices started the year on a very positive note, surging up to their highest ...
Tuesday, 25 April 17
FIONA POUNDS: VALID TENDER OF NOTICE OF READINESS
KNOWLEDGE TO ELEVATE
In the recent English High Court case of MV Arundel Castle1, the Judge ruled that a vessel, that could not immediately pr ...
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- Electricity Authority, New Zealand
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- The University of Queensland
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
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