We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 09 September 10
DRY BULK MARKET IS LOOKING TO INCREASE GAINS ON OCTOBER IRON ORE CONTRACTS
 The “success” story that the dry bulk market has been displaying during the past couple of weeks is being materialized as we head towards another “winning” week for the industry’s main benchmark, the Baltic Dry Index (BDI). The index posted yet another rising session yesterday, ending up by 57 points to 2975, looking ready to cross the 3,000 point mark for the first time since June, when the market was experiencing a free fall. Once again the “star” of the day was the capesize segment of the market, with the capesize index rising by 123 point to 4024, while daily average earnings are now over $40,000, against a mere $10,000 less than two months ago.
In its latest weekly report, shipbroker Fearnley’s said that “the Baltic Capesize index has increased from 3516 to 4024 though the past week. The average time charter rates have increased from usd 34488 to 40904 in the same period. We can definitely say that the index has been lagging and is under what is being physically being concluded. The recent rally in the market can be described as re-let driven, and when it became apparent that there were few ballasters towards Brazil, the operators began to react and secure what they could of tonnage. The fact that Vale came in and picked up the very early units has compounded the situation and freight rates in the Atlantic, both for front haul and transatlantic routes, are still firming. On the period front, operators have swept the market and absorbed the available period candidates at premium levels”.
In a separate update on Chinese iron ore demand, Jeffrey Landsberg, analyst with Commodore Research & Consultancy said that “reports have been surfacing of a government push to reduce power allocation to heavy polluting Chinese industries. Steel mills, in particular, have been targeted - with reports suggesting that many mills will be forced to cut production. We’d like to point out that current iron ore demand remains very strong. 19 Chinese iron ore fixtures have already been reported this week - this week's total Chinese iron ore fixtures are very likely to exceed the trailing four week average of 21 fixtures. While it is certainly possible that Chinese steel production may be poised to come under pressure soon, spot Chinese iron ore demand has yet to decline. If anything, Chinese iron ore demand is showing signs of strength this week, which has been responsible for this week's increase in capesize freight rates” said Landsberg.
Meanwhile, Omar Nokta, head of research at Dahlman Rose & Co, said in a note, quoted by Reuters that “with capesize fixtures for October-load expected to commence in the coming days, we expect increased demand and higher freight rates associated with the new (Q4 iron ore) price." In a separate quote from the news agency, Derek Langston, a director with SSY Consultancy and Research mentioned that the market last week and this week to some extent is a reflection of improved sentiment as the fourth quarter approaches. He also said that “we have a situation where steel prices are rising and the prospect very soon of lower contract prices for both iron ore and coking coal."
As for the Panamax market, Fearnley’s said that “a positive trend was seen during this week, with rates climbing steadily. Especially period requirements were a hot topic, and 2 years fixed at 23250 del Far East, for then to be relet at 28250 for 5/7 months. In the Atlantic the TA´s fixed in the 29/30k region, up usd 5000 from last week, same jump were seen for fronthaul, fixing in the usd 35/36k levels. In the Pacific, LME ´s fixing usd 26/27k, up usd 3/4000 from last week. Backhauls were more or less stable at usd 14000”.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 09 September 10
INDONESIA SWAPS COAL FOR INFRASTRUCTURE - FT
As Asia’s major economies bound forward and their hunger for energy surges over the next decade, Indonesia is strategically positioned to take ...
Tuesday, 07 September 10
INDIA IMPORTS 1.63 MLN T OF COAL FOR THE PERIOD 30 AUGUST - 5 SEPTEMBER - SOURCES
COALspot.com: India has imported 1.07 million tons of power plant coal, 0.520 mln tons of coking coal and around 41,000 mt of Anthracite coal for th ...
Tuesday, 07 September 10
GOVERNMENT DECLARED INDONESIAN COAL PRICE REFERENCE DECLINE FOR THIRD-STRAIGHT MONTH
COALspot.com: Indonesian thermal coal price reference, a monthly benchmark price declared by Ministry of Energy and mineral resources of Repub ...
Tuesday, 07 September 10
MERCATOR TO BUY COAL MINE IN INDONESIA THIS FISCAL
Mercator Lines, India’s second-largest shipping company which has diversified into coal mining, will buy a coal mine in Indonesia with more th ...
Monday, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
|
|
|
Showing 5621 to 5625 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Central Electricity Authority - India
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- PTC India Limited - India
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Planning Commission, India
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
|
| |
| |
|
