We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 22 May 10
PORT CONGESTION IN AUSTRALIA HELPING RATES CHINA COAL IMPORT BOOM TO CUSHION FREIGHT RATES
 China's record coal imports this year will provide some support to freight rates but growing pressure from fleet oversupply is set to limit gains. Net coal imports to China, the world's biggest coal producer, could soar 70-100 percent to 170 million tonnes or more in 2010, boosting coal prices globally, if the country's power use boom continues, according to exporters and analysts including the International Energy Agency.
Much of the coal is being transported in smaller panamax vessels, which have a capacity of around 60 000 and 80 000 deadweight tonnes (dwt). This helped average daily earnings for panamaxes rise this week to over the $35 000 level -- their highest since November last year.
"One of the main freight drivers has been this growth in coal exports to China," Martin Sommerseth Jaer, lead shipping analyst with Arctic Securities, said.
Panamax earnings have averaged around $29 900 a day so far this year from $19 300 a day in 2009.
Drought in south western China has also pushed up demand for coal in recent weeks leading to record high congestion levels at ports in major exporter Australia, already struggling with logistical problems.
"(China's coal demand) has also helped contribute to congestion on the east coast of Australia thereby cutting fleet supply and boosting freight rates," Derek Langston, a director with SSY Consultancy and Research, said.
China's coal appetite is also set to help tonne mile demand -- a key indicator of ship demand -- which measures the volume of cargo transported multiplied by the distance of the voyage.
"It's very beneficial for tonne mile demand as you have the involvement of more long haul voyages to China such as Colombia and some South African coal," Langston said.
"The reduction in export availability of Chinese coal to buyers in Korea and Japan means there is another benefit ... as those buyers have to seek coal from further afield such as Indonesia and Australia."
Listed dry bulk shipping companies with panamaxes among their fleet such as Safe Bulkers, Golden Ocean group and Diana Shipping could also see gains.
"Dry bulk stocks with large panamax or supramax or handymax fleets are the most prone to benefit from this," Arctic Securities' Jaer said.
FLEET GROWTH
China's appetite for coal has also meant better sales for exporters from Colombia which is the longest route, which could also help benefit demand for coal capesizes, the largest class of dry bulk vessels with a capacity above 100 000 dwt.
But analysts say growing ship supply will put the brakes on rate gains.
"Over the next couple of years you need more coal trade to China and more coal imports to India to absorb the growing fleet," Jaer said.
"Even the most optimistic scenario on the demand side will likely not be able to bolster rates further as we believe the supply side is simply so overwhelming."
SSY estimated dry bulk net fleet growth rising to 63 million dwt this year from 38 million dwt in 2009.
"Robust Chinese thermal coal imports are expected to continue, even after the drought improves, but this incremental increase in dry bulk demand will not be enough to outpace the record level of new buildings continuing to be delivered," Jeffrey Landsberg, senior analyst with dry bulk consultants Commodore Research, said.
Panamax freight rates are currently around $27 per tonne on most major coal routes and could drop by up to $5 per tonne, but much will depend on how much ship tonnage gets absorbed, coal players said.
"It's very difficult to predict what will happen to freight rates," a major Indian importer said. "I'd like to think rates will come down later in the year but I can't be confident."
Consultants MSI estimated average panamax earnings could reach $24 000 a day by October.
Will Fray, shipping analyst with MSI, said coal imports could drop off once China's hydro power output returned to a proper operating capacity and local coal stocks, depleted by drought, were rebuilt.
"We expect earnings to be on average higher than 2009 for panamax and handymax. The order book still looms heavy, however, and we anticipate earnings to fall across all segments in 2011 even given a rise in Chinese coal imports," he said.
Source: Reuters / Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
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 ...
Sunday, 16 May 10
INDIKA ENERGY & COAL ASSETS EXPANSION
Insider stories reported that, PT Indika Energy Tbk (INDY) has three portfolio coal assets, PT Kideco Jaya Agung, coal asset in East Kalimanta ...
|
|
|
Showing 5831 to 5835 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Bhatia International Limited - India
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
|
| |
| |
|
