We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 15 May 10
DRY BULK MARKET POSTS HEALTHY WEEKLY GAINS
 The dry bulk market has reached new highs this week, the second consecutive solid one, with the industry’s benchmark, the Baltic Dry Index (BDI), inching closer and closer to the 4,000 point mark. On Friday, the BDI ended at 3,939, up by 15, capping the week with a nearly 9% gain overall, although the capesize segment showed some modest signs of fatigue by the end. Throughout the week, all of the indices were well up, as the market is showing its strength.
In its latest weekly report, Weberseas noted that “with it came stronger period activity across all areas. Whilst the newebuilding supply of ships continues, it seems that demand factors are very strong. Port congestion around the world continues to take ships off the market (at Newcastle, Australia alone there are some 33 vessels queuing off the port waiting to load 2.87 million tonnes of coal).
At the same time the world economy appears to be recovering at a steady rate with U.S. consumption (the driving force of global growth before the crisis) having gained significant momentum. Another good factor for dry bulk growth is the fact that the demand for non-oil commodities has grown at a remarkable pace in April. According to the World Bank non energy commodity price index increased by 9.6% in April alone, up from 1.7% in March!!! The index was supported by iron ore, agriculture and precious metals, while some industrial metals saw minor losses” said Weberseas.
But the shipping community is closely monitoring developments in China, which still plays a key role for the market. According to a latest note by Commodore Research & Consultancy, “Chinese steel production continues to set new records, and yet fears of an economic slowdown persist. China produced 55.4 million tons of crude steel in April, an increase of 430,000 tons (1%) from the previous monthly record of 54.97mt produced in March. Despite the ongoing robustness in Chinese steel production, many market observers have begun to sound the alarm that China’s economy is slowing down. These pundits are correct to be concerned over government policies aimed at restricting bank lending, slowing real estate prices, and slowing car purchases - but Chinese steel output has yet to decline.
Firming steel stockpiles may be signaling that Chinese steel production is set to slow however. Stockpiles of Chinese flat and construction steel products now total about 15.55 million tons, an increase of 150,000 tons (1%) from the end of last week. Prior to this decline, however, steel stockpiles had declined for seven consecutive weeks, and are still down significantly from a record 18.58mt stockpiled in the beginning of March. So far, robust steel production looks poised to continue but steel stockpiles must still be monitored. A rise in Chinese steel prices has also begun to level off, although prices are still much higher than they were a year ago” said the report. Still, a robust amount of iron ore and coal imports continue to be fixed in the dry bulk shipping market.
According to a report by Shanghai Daily, citing government reports, China’s economy is expected to grow 10.7 percent annually in the second quarter, slowing from the surge of 11.9 percent in the first three months of this year. This slowing down of the pace is attributed to a smaller rise in investment, according to the latest report by the State Information Center, a unit under the National Development and Reform Commission, the country's top economic planner.
"China has recovered solidly from the global financial crisis. The first-quarter gross domestic product climbed to a record 11.9 percent but it is mainly due to a low comparative base last year," the report said. "Excluding the low-base effect, the growth is still within a range of reasonable expansion, and the economy is not overheated as some analysts claimed." Investment, however, will expand at a slower pace after China tightened credit to avoid economic overheating and curb a possible asset bubble. Urban fixed-asset investment is expected to gain 24.5 percent in the second quarter, lower than a rise of 25.6 percent between January and March. Exports, badly hit by the global financial crisis, may climb 25 percent in the second quarter. Imports are seen to surge 35 percent.
Commodore’s outlook on China’s economy suggested that it is very possible to see a moderate slowdown in the medium term (six to nine months), but into the summer, demand trends look poised to remain robust.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 17 May 10
INDONESIA SHIPPED 15.51 PERCENT LESS COAL IN APRIL THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 23,331,542 MT of coal in April 2010, compare to 27.61 million tons in ...
Monday, 17 May 10
S. AFRICA CUTS EUROPE COAL SUPPLY, ASIA SALES RISE, TRADER SAYS - BLOOMBERG
Bloomberg reported that, South Africa’s Richards Bay Coal Terminal, Europe’s biggest source of the fuel burned for power, cut shipments ...
Monday, 17 May 10
GREEK CRISIS TO SEE FREIGHT RATES FALL BANGKOK POST
The Greek debt crisis will likely cause shipping rates to fall this quarter enabling SET-listed Precious Shipping Plc to buy second-hand vessels at ...
Monday, 17 May 10
NEWCASTLE COAL QUEUES COULD BE HISTORY - THE HERALD
NEWCASTLE'S infamous coal queues could be a thing of the past if a plan to have the ships anchor over the horizon succeeds against the doubts of it ...
Sunday, 16 May 10
THREE FIRMS SHORTLISTED FOR CIL'S $ 2BN OVERSEAS PROJECTS - ECONOMIC TIMES
Economic Times reported that, State-owned Coal India Ltd (CIL) has shortlisted US firms Massey Energy and Peabody Energy, besides Indonesian Novem/S ...
|
|
|
Showing 5831 to 5835 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
|
| |
| |
|
