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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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- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Planning Commission, India
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Australian Coal Association
- New Zealand Coal & Carbon
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
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