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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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Wednesday, 19 October 11
ADARO ACQUIRES BUKIT ENIM ENERGI - INSIDER STORIES
Insider Stories reported that, Coal miner PT Adaro Energy Tbk, via its subsidiary dubbed PT Alam Tri Abadi, today revealed a 46% stake takeover of a ...
Tuesday, 18 October 11
INDONESIAN PRESIDENT APPOINTS JERO WACIK AS NEW MINISTER OF ENERGY & MINERAL RESOURCES
COALspot.com - Jero Wacik has been appointed as minister of energy and mineral resources of Indonesia replacing Darwin Saleh and Prof. Widjajono Par ...
Tuesday, 18 October 11
DELTA DUNIA MAKMUR HAS PRODUCED 3.0 MILLION TONS OF COAL LAST MONTH
COALspot.com - PT. Delta Dunia Makmur, wholly owned subsidiary, PT Bukit Makmur Mandiri Utama (BUMA), Delta Dunia Makmur has removed 1.4 million bcm ...
Monday, 17 October 11
KOWEPO TO BUY 260,000 MT BITUMINOUS COAL
COALspot.com - KOWEPO has issued a spot tender for 260,000MT of minimum 5,600kcal/kg NAR Bituminous Coal.
The tender document also mentioned tha ...
Saturday, 15 October 11
BUNKER PRICES AND DEMANDS PUSHED FREIGHT RATES UP - VISTAAR
COALspot.com - The market continued to be firm with all segments moving up with biggest gain in Handy size segment up by 15 pct. The BDI was u ...
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- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Tamil Nadu electricity Board
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
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