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Wednesday, 20 May 09
SHIPPING INDEX RISES TO 7-MONTH HIGH AS CHINESE DEMAND ADVANCES - BLOOMBERG
 The Baltic Dry Index, a measure of shipping costs for commodities, rose to a seven-month high in London on accelerating Chinese demand for iron ore.
China’s imports of iron ore, used in steelmaking, jumped 33 percent in April, setting a record for a third month, the customs office said last week. The nation, the world’s biggest steel producer, is stockpiling commodities as part of a reallocation of its sovereign wealth, Brian Jackson, senior strategist at the Bank of Canada in Hong Kong, said yesterday.
“This will continue for at least one year,” Nobu Su, founder of Taipei-based commodities shipping line TMT Co., said by phone from London today. “It’s a natural hedge, so they are buying commodities.”
Chinese demand is compensating for a slump elsewhere, with the Organization for Economic Cooperation and Development in Paris predicting a 13 percent drop in world trade volumes this year. Ships carry about 90 percent of world trade, according to The Round Table of International Shipping Associations.
The index tracking transport costs on international trade routes added 39 points, or 1.5 percent, to 2,644 points, according to the Baltic Exchange. That’s the highest since Oct. 8 and marks a 13th consecutive advance. Rentals climbed for every class of ship tracked by the bourse.
Nobu Su on April 1 said the index had “hit bottom” and would advance. The gauge has gained 68 percent since then. The index plunged 92 percent last year, its worst performance in at least two decades.
Amassing Commodities
China’s amassing of commodities is “definitely happening,” Michael Gaylard, London-based strategic director at broker Freight Investor Services Ltd., said by phone today. “They are building up some stockpiles right across the commodity spectrum, from base metals to coal.”
China increased crude-oil imports in April by 13.6 percent from a year earlier because of government plans to boost stockpiles of the fuel to 60 to 90 days.
“We’ve seen a lot of cargoes,” said Su, whose company controls a fleet of about 130 vessels that mostly transport coal, ore and grain. Demand has mainly come from India and China, he said.
Rental rates for iron ore-carrying capesize vessels, the largest monitored by the bourse, advanced 2.1 percent to $36,113 a day. Panamax rentals added 0.6 percent to $20,239 a day.
Forward freight agreements, contracts indicating future shipping costs, traded at $26,750 to $27,000 a day on capesize vessels for the third quarter as of 1:30 p.m. in London, according to Gaylard. They closed yesterday at $27,594, Baltic Exchange data show.
FFAs for panamax vessels over the same period traded at about $14,750 a day, from $15,038 yesterday.
Source: http://www.bloomberg.com/apps/news?pid=20601087&sid=a.jSvYLSrgcA&refer=home
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Friday, 08 May 09
INDONESIAN STATE AUDIT BOARD COULD ONLY REACHED A SMALL NUMBER OF KP AND PKP2B - MAJALAHTAMBANG
THE LACK of personnel and the very limited time period have been the reasons why the 2nd semester of the special purpose audit for coal mining ...
Friday, 08 May 09
B.C.'S MINING INDUSTRY HIGH COAL PRICES TO RECORD 2008 PROFITS - PAGUNTAKA
AGGREGATE pre-tax earnings rose to $3.2 billion, the highest amount in the 41-year history of a PricewaterhouseCoppers survey.
B.C.’s minin ...
Thursday, 07 May 09
ASIA COAL-PRICES EASE TO NEAR $63 ON DEMAND CONCERNS - REUTERS
AUSTRALIAN thermal coal prices, a benchmark for Asia, edged lower to around $63 a tonne on concerns over demand, after hitting a two-week high of $6 ...
Thursday, 07 May 09
RICHARDS BAY COAL SHIPMENTS FALL MOST IN 9 MONTHS - BLOOMBERG
RICHARDS BAY Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments fell 24 percent last month, the biggest drop in nine mo ...
Tuesday, 05 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE - BLOOMBERG
COAL shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 18 percent last week while the numb ...
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- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- VISA Power Limited - India
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
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