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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 $11,911.
Source: Michelle Wiese Bockmann, Alaric Nightingale, Bloomberg, Hellenic Shipping
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Saturday, 15 October 11
BENGAL COAL IMPORT TEST - THE TELEGRAPH
The Telegraph reported that, the power position in Bengal improved today but alarm bells are ringing over imported coal stocks that are running out ...
Friday, 14 October 11
CAPE DERIVATIVES MARKET HAS NOT REFLECTED OWNERS EXPECTATIONS' - FEARNBULK
Handy
The Atlantic market continued its upward trend, with fresh cargo entering the market. Skaw Passero to US Gulf climbed US$ 1500 from la ...
Friday, 14 October 11
ADARO BUYS SERVO MEDA FOR RP200 BIO - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk (ADRO) announced that its subsidiary PT Alam Tri Abadi (ATI), acquired 35% stake in PT Serv ...
Thursday, 13 October 11
DRY BULK MARKETS RALLY CONTINUES, BUT ANALYSTS WARN IT WILL BE SHORTLIVED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market continued its push forward yesterday, for yet another session, as the BDI (Baltic Dry Index), the industry’s benchmark edg ...
Wednesday, 12 October 11
INDONESIAS COAL RUSH - JOSEPH KIRSCHKE
COALspot.com - Last winter, the Chinese government mobilized thousands of soldiers and reservists of the People’s Liberation Army to the port ...
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- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- The University of Queensland
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Indika Energy - Indonesia
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
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