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Friday, 17 September 10
FREIGHT RATES TO DECLINE FURTHER - ICICI SEC
Broking firm ICICI Securities said tanker freight rates reported a sharp drop with rates of Suezmax and Aframax carriers declining by 16% to USD 8,625 and by 25% to USD 7,752 in the last month. VLCC carrier freight rates posted the maximum drop of 43% to USD 7,109 over the same period.
Going forward, it expects freight rates to decline further. The outlook for the same is given below:
Dry bulkers: Dry bulk freight rates are expected to decline in the second half of September 2010 after posting a marginal rise in the first half of the month. We are cautious as steel production in China continues to moderate. This will also result in a decline in import of iron ore and a resultant drop in Capesize vessel freight rates. China`s iron ore inventory of ~75 million tons is likely to moderate, going forward, as it scales down its steel production.
Tankers: Crude oil tanker freight rates are likely to remain muted in September on account of muted demand for crude oil and drop in crude oil shipments. Productcarrier freight rates are also expected to be muted in September 2010 on account of the weak demand scenario in US and Europe.
LPG carriers: LPG carrier rates are expected to continue to remain subdued in September 2010.
Offshore vessels: The utilization level is likely to improve marginally but vessel rates are expected to be stable in September. Despite the clampdown on offshore drilling in the Gulf of Mexico, oil exploration and drilling activities are likely to show strength in regions such as Latin America and West Africa.
Source:IRIS
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Saturday, 18 September 10
ECI / CHINA FREIGHT ROUTE DOWN BY 1.22 PCT OR US$ 225 PER DAY AND CLOSED AT US$ 18,123 PER DAY - VISTAAR
COALspot.com: The BDI was under pressure this week and was almost down by 11 pct and closed at 2676 points.
The Cape and Panamax index was almost ...
Friday, 17 September 10
CWP COAL WASHING PLANTS MACHINERY LANDS ON RUSSIAN MARKET!!
Press Release: CWP Coal Washing Plants Machinery Industry & Trade Co. which was founded in 1990, has been operating in Izmir with its closed pro ...
Friday, 17 September 10
R-POWER, ADANI, GMR TO BID FOR $1-BN MINE
Reliance Power, Adani Power and GMR are in the race for a coal mine asset in Australia. The valuation of the asset is close to $1 billion (Rs 4,600 ...
Thursday, 16 September 10
RPG GROUP BUYS 10% IN AUSSIE COAL FIRM RESOURCE GENERATION
Dealcurry reported that, India's RPG Group's Integrated Coal Mining Limited (ICML) has acquired 10% stake (18,268,053 shares) in Resource Generati ...
Wednesday, 15 September 10
VIETNAM TO IMPORT UP TO 15 MLN TONS COAL/YR BY 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Vietnam will need to import 3 million to 15 million tons of coal a year by 2015, rising to 21 million to 40 million ...
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- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Planning Commission, India
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
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