We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 04 May 10
DRY BULK MARKET SOFTENING AGAIN ON LACK OF DIRECTION
 The dry bulk market has put on the brakes once again, after the last session of the Baltic Dry Index ended at 3,354 points, down 5 from the previous day. The capesize segment lost 62 points to reach 3,936, while the smaller panamax market gained 9 points to reach 3,900. Still, the irregularity observed during the previous weeks, when a panamax vessel could command higher fees than a comparative capesize has been eradicated after last week’s rally.
Still, in just one week the cape market has regained most of the ground lost since mid March, with the BCI closing on Friday at 3,936 points (+698 or +21.6% week on week) said Barry Rogliano Salles in a latest report. “This surge has been achieved on the back of short tonnage lists in the Atlantic and a rush for fixing before the Chinese/ Japanese holidays. However, the enthusiasm went a little down on Friday’s little downward correction. There was some increased period activity for one year duration, done in the mid 30s level, up from the low 30s of the previous weeks” said the report.
Summarizing the latest developments affecting the dry bulk market, BRS said that the project supported by the Australian Government to raise a so-called “resource rent tax” has come as a shock for the iron ore miners. Apart from the immediate reaction of the stock exchanges towards mining shares, the miners themselves have warned authorities that this tax (if implemented) could freeze a big share of their development projects.
“Analysts already predict that this tax could prevent some M&A initiatives to go further and decide some foreign investors to revise their plans. At the same time in China the CISA has called for a tax cut on domestic mining and a development of local supply. On the iron ore market, most players seem to be bearish about price evolution and wait-and-see attitude prevails for the moment. Lack of clear direction has also been the case for dry bulk shipping markets where despite a rate hike for Capes over the last 5 trading days, the week ended on a softer note.
Rumors have started circulating about a merger project by Glencore with Xstrata (of which they already won 34%) which could rocket the group to the top of the world commodity players’ ranking. No comments have so far been obtained from the two groups but according to analysts this project could be a key part of Glencore wider restructuring plan” said the shipbroker.
Still, in a recent report by N.Cotzias Shipping Group, we had noted that capes could very well be in for a run. “The fundamentals tell us that the Steel demand in China that leads the Iron]Ore Demand/Supply “tug of war” is there strong, and although China has reduced its iron ore imports from India due to an increase in excise duty and low grade imports into the country, overall trade has picked up, causing BDI to remain steadily in the range of 3k.
The past 2-3 weeks we have seen the Chinese Iron/Ore importers with the backing of the CISA, to be playing a nerve racking tactical cold war game with the giant Miners and Iron/Ore exporters. We strongly believe it is time that the flow returns to the normal levels and this "artificial" scarcity and shortage in the demand that was triggered partly as a boycott threat, cum pressure, will be resolved soon.
It is not a common secret after IMF released last week the latest word growth figures, that China's GDP growth estimate for 2010 is in double figures of 10%, and recent trade figures show that the improrts of Iron/Ore will exceed in volume those of 2009 by 7%” reaffirmed the report.
Source: Nikos Roussanoglou, Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 20 April 10
INDO HARUM ENERGY WINS US$200MN LOAN PLEDGE FROM BANK SYNDICATE
Indonesian coal producer PT Harum Energy has secured a loan commitment of US$200 million from a syndicate of six banks.
Bank of Tokyo Mitsubishi ...
Tuesday, 20 April 10
PACIFIC SUPRA MARKET WAS STILL SOFTENING - BRS
A modest increase in dry bulk rates this week with activity picking up in the middle of the week. Panamax rates remain above the Capes, and there wa ...
Monday, 19 April 10
IS CHINA TO SUFFER NEW COAL SUPPLY SHORTAGE IN 2010? - XINHUA
Is China likely to suffer a new coal supply shortage in 2010? It's a question haunting many Chinese market analysts now. After a string of several ...
Monday, 19 April 10
WHITE ENERGY BUYS SA COAL - ABC NET
ABC Net reported that, South Australian Coal Limited is being bought by the New South Wales company White Energy.
Shareholders will get a combine ...
Monday, 19 April 10
PLN TO OPERATE COAL MINES IN BID TO FUEL POWER PLANTS
The Jakarta Globe reported that, state electricity utility PT Perusahaan Listrik Negara said on Sunday that it aimed to take over operation of small ...
|
|
|
Showing 5871 to 5875 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
|
| |
| |
|
