We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
 The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with the industry’s benchmark, the Baltic Dry Index (BDI) retreating again on Wednesday. The BDI was down by 1.44% on Wednesday to 2,468 points, while what’s worth noting is that all ship classes were on the downside. A Reuters report mentioned that according to traders the main reason for the drop was that market participants closed positions following Tuesday's rise and in anticipation of lower demand as of Friday as China heads into a one-week national holiday.
According to a weekly report from shipbroker Fearnley’s, the “back end of last week began to show some signs of improvement in the capesize market. The expectation was that this week would be active as the Far Eastern markets were back at work and would be busy clearing their desks, pending next weeks holidays. This has cautiously proven to be true. First led by the paper market and then followed by physical fixtures. The fronthaul market has moved from mid usd 20´s level to usd 28.00 pmt for Brazil/China, and vessels in the Pacific are securing round voyages in the mid usd 30000 range. The Atlantic is still a bit sluggish and the bids are actually below the rates achieved in the Pacific. There has been little activity on the period front, except a rumor that one of the ore majors has taken a vessel for short period in the mid usd 30´s” said the report.
Similarly, the Panamax segment “continued continued its downward trend from last week, however the Chinese re-entered the market on Monday. We see more cargoes in the market, but several of these cargos are tender biz. The steel production in China has picked up a bit again, and this should be positive for the iron ore prices and the shipping market. The longer period market is absent with what´s done-done private. Tarvs fetching around very low usd 20´s, fronthauls around 30k and Pac rounds fixing in the high teens. For the rest of the week we expect some more activity as the Chinese have holidays coming up (1/7 Oct) and the "Golden Week" coming up the week after. They will most likely need to clear out business matters before this holiday” said Fearnley’s.
As a result the Panamax market fell yesterday by 3.18 percent, while the Supramax segment was marginally lower by just 0.32 percent, i.e. virtually unchanged. According to Reuters’ sources, “coal traders were taking advantage of the five-week low in freight rates and a weak dollar against the euro to cover themselves for a possible rebound in power prices ahead of the winter heating season”. "Coal is one of the most important products carried by freighters, so if the increase in coal prices lasts, then we are likely to see an upward correction in freight rates too," one coal trader said.
In a separate story from Bloomberg, Andrew Dawson, a shipbroker at Freight Investor Services Ltd. in London was quoted as saying that with China on holiday next week, the expectation is that the market will come off again. Meanwhile, Chinese iron ore demand growth may resume later this year and into 2011, Vale SA, the world’s biggest exporter of the raw material, said yesterday.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 25 September 10
PRESSURE ON S6 AND S7 ROUTES SEEMS TO BE CONTINUED NEXT WEEK CAPT. REDDY
COALspot.com: The freight market has been flat this week due to holidays in China and low activity saw all sectors down and soft.
The BDI was dow ...
Thursday, 23 September 10
CHURCHILL MINING SHARES JUMP ON EAST KUTAI COAL PROJECT FEASIBILITY RESULTS - STOCKOPEDIA
AIM listed mining group Churchill Mining (LON:CHL) and its Indonesian partners the Ridlatama Group, have completed a feasibility study on the 2.73bn ...
Thursday, 23 September 10
DRY BULK RATES EXPECTEDLY FALL TO ONE MONTH LOWS - HELLENIC SHIPPING
With of the Far East trade routes closed this week on various national holidays, demand for ocean transportation of raw materials has been significa ...
Wednesday, 22 September 10
INDIA TO BE BIGGEST BUYER OF INDONESIAN COAL BY 2011 - BUSINESS STANDARD
India will pass Japan to be the biggest buyer of Indonesian coal by 2011, said Bob Kamandanu, chairman of the Indonesian Coal Mining Association.
...
Wednesday, 22 September 10
DRY BULK MARKET SENTIMENT TURNS SOUTH AS IRON ORE DEMAND DECLINES
The dry bulk market has once again turned the tide, with the industry’s benchmark, the Baltic Dry Index (BDI) turning south during the previou ...
|
|
|
Showing 5596 to 5600 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- MS Steel International - UAE
- Agrawal Coal Company - India
- PTC India Limited - India
- Australian Coal Association
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
|
| |
| |
|
