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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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Monday, 17 April 17
THE PANAMAX INDEX (BPI) ROSE (12.89%) WEEK OVER WEEK
COALspot.com: The Freight market was firm, week over a week as all segments show a positive upward trend this past week.
The Baltic Exchange, ...
Monday, 17 April 17
U.S. WEEKLY COAL OUTPUT FELL 5% WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 13.8 million short tons ...
Thursday, 13 April 17
OPEC OVER-DELIVERS ON OIL CUTS, BUT SEES RIVALS' OUTPUT RISING
Crude Oil Price Movements
The OPEC Reference Basket averaged $50.32/b in March, representing a decline of 5.7% from the previous month. Crude fut ...
Wednesday, 12 April 17
THE PORT OF NEWCASTLE SHIPPED 13.791 MILLION TONS OF COAL IN MARCH 2017
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export ports has shipped $AU 1,688.5 ...
Wednesday, 12 April 17
SHIPPING MARKET INSIGHT - VASSILIS VASSILIOU
The first quarter of 2017 started relatively busy for the ship repair sector, with most of the repair facilities being nearly fully occupied till t ...
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Showing 2071 to 2075 news of total 6871 |
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- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- White Energy Company Limited
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