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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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Thursday, 02 September 10
PLN ASKED TO USE LOCAL COAL
Tempo Interactive reportd that, the Indonesian Mining Association Executive Director, Priyo Pribadi, has called on the state-run electricity company ...
Thursday, 02 September 10
NALCO OPEN TO EQUITY DILUTION IN $3.9 BN PROJECT IN INDONESIA
Business-Standard reported that, state-owned Nalco today said it is considering selling stake in its $3.9 billion (over Rs 18,000 crore) aluminium p ...
Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the ...
Wednesday, 01 September 10
STC BAGS NTPC ORDER TO SHIP 12 MT COAL
My Digital FC reported that, The State Trading Corporation (STC) has bagged NTPC’s tender to ship 12 million tonnes coal from Ind&sh ...
Wednesday, 01 September 10
JAKARTA TO HOST MAJOR INTERNATIONAL MINING EVENT
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
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- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
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