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Monday, 17 October 11
CAPESIZE SHIPPING COSTS CLIMB TO 10-MONTH HIGH ON ORE IMPORTS
 The cost to hire capesize vessels climbed to a 10-month high as rising imports of iron ore to China boosted demand for the ships.Monthly iron-ore shipments to China, the largest consumer of the material, will average 60 million metric tons from September through December, UBS AG said in a report dated yesterday. That would exceed the record 59 million tons imported in the first quarter of 2011, data compiled by Bloomberg show.
Daily rents for the fleet of 1,297 capesize vessels that haul iron ore and coal advanced 1 percent to $31,329 a day, the highest since Nov. 25, according to the London-based Baltic Exchange. The exchange provides freight costs on more than 50 maritime routes. Rates have more than tripled since Aug. 1.
Iron ore imports to China are expected to slow in the next few months as the country’s growth moderates, steel prices fall and production declines, RS Platou AS, an Oslo-based investment bank, said in a weekly report e-mailed today.
“That said, a steep decline in iron ore prices could see sustained imports of iron ore despite easing demand,” the bank said.
Iron ore, coking coal and steel products account for 51 percent of dry-bulk seaborne trade, estimated at 3.56 billion tons for 2011, according to Germany’s DVB Bank SE, which specializes in transportation lending. An estimated 63 percent of the 1-billion tons of ore shipped by sea this year will go to China, according to UBS.
Imports Cheaper
Since early August imported iron ore has been cheaper to buy than ore mined in China, supporting shipping hire costs, Omar Nokta, a New York-based shipping analyst at Dahlman Rose & Co., said in an e-mailed response to questions. That’s only happened three or four times since 2008, he said.
Prices in China for the imported steel-making ingredient declined 8 percent this month, tempting buyers to delay purchases until prices fall even more, Plamen Natzkoff, a freight, iron ore and coal trader at London-based Ronly Holdings Ltd. said.
“The strength of demand is not what’s driving the volume of shipments, it’s the availability of the material that is driving the volume,” Natzkoff said by phone. Miners in Australia and Brazil expanded production in the last two or three months, sending prices lower, he said.
Chinese mines produced the equivalent of 315 million tons of iron ore of 63 percent iron content, while the country imported 619 million tons in 2010, the United Nations Conference on Trade and Development said in a report published in July.
The Baltic Dry Index, a broader measure of commodity shipping costs, advanced 0.8 percent to 2,173 points, the highest since Dec. 7. Shipping rates rose for all four vessel types that the Baltic Dry Index tracks. Panamaxes, the largest to navigate the Panama Canal, gained 1.1 percent to $16,702 a day. Smaller supramaxes rose 0.7 percent to $16,671 and handysizes climbed 0.4 percent to $11,911.
Source: Michelle Wiese Bockmann, Alaric Nightingale, Bloomberg, Hellenic Shipping
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Monday, 24 October 11
CAPESIZE RENTAL RATES RISE FOR THIRD DAY AS MORE SHIPS HIRED - HELLENIC SHIPPING
Rates to hire capesize vessels advanced for a third day on signs of increased demand to transport iron ore, used to make steel.Daily rates for the s ...
Sunday, 23 October 11
CHINA LOOKING TO RESELL INDONESIAN COAL CARGOES - BARCLAYS
Commodity Online reported that, Anecdotal evidence has suggested that China is even looking to resell Indonesian cargoes back into the seaborne coal ...
Saturday, 22 October 11
THE SHORT-PERIOD RATES FOR PANAMAX REMAINED FIRM - CAPT. REDDY
COALspot.com - "The market seemed to slow down a bit this week, and all sectors were down by about One to five percent", said Capt. Reddy, ...
Saturday, 22 October 11
WILL THE PROPOSED 26 PERCENT PROFIT SHARING CLAUSE IN THE MINING BILL SPEED UP THE PRODUCTION OR SCARE AWAY INVESTORS? - DIPESH DIPU
A draft law has been approved by a ministerial panel headed by Finance Minister Pranab Mukherjee of India which, if passed by the Cabinet, will make ...
Saturday, 22 October 11
INDONESIA'S GOLDEN ENERGY SLASHES ITS IPO PRICE - THE JAKARTA GLOBE
The Jakarta Globe reported that, Golden Energy Mines, a coal mining company affiliated with Sinar Mas Group, lowered its target in an initial public ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Sojitz Corporation - Japan
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- The University of Queensland
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
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