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Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdown have seen charter rates for large dry bulk ships go into freefall as iron ore cargoes evaporated Shipbrokers said a dearth of coal cargoes and an oversupply of large ships had also contributed to the slump in rental prices.
Charter rates for large dry bulk capesize vessels of around 180,000 deadweight tonnes are down to their lowest level for 14 months. The crash has been so swift that shipowners and operators have lost around USD 270,000 in revenue in the past week on a voyage from Australia to China and more than USD 800,000 on a Brazil to China voyage.
Shipowners would generate revenue of about USD 1.17 million from an Australia-China voyage based on the prevailing rate recently compared with USD 1.44 million last Thursday.
Shipbrokers said rates for a large capesize vessel were on a par with those for a handysize ship that had a cargo carrying capacity that was almost six times smaller. Observers thought the slump would continue until at least the end of August.
Shipbrokers said mainland iron ore traders had been largely absent from the chartering market for large vessels for the past two months. This became apparent after preliminary customs figures showed the mainland imported 47.17 million tonnes of iron ore in June, down 9.1% from the 51.9 million tonnes in May and down 15%YoY. The May import figure was also down by 6pct MoM.
Customs said the mainland brought in 309.3 million tonnes of iron ore in the first six months of 2010 up by 4.1%YoY.
Source: CargoNewsAsia / Hellenic Shipping
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Wednesday, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...
Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
Souce: Insider Stories
Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...
Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
Source: Insider Stories
Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...
Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...
Tuesday, 20 July 10
CHURCHILL PLANNING TO PRODUCE 35 MILLION TONNES PER ANNUM FROM ITS EAST KUTAI COAL PROJECT
According to Churchill's website, the East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 961 milli ...
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- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Planning Commission, India
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
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