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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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Tuesday, 27 September 11
A STRONG REBOUND FOR THE CAPE MARKET - BRS
A strong rebound for the Cape market, as cargoes continued to flow into the market and tonnage remained tight in the Atlantic, according to Barry Ro ...
Tuesday, 27 September 11
INTRACO SEALS US$25.3 MIO ORDER - INSIDER STORIES
Insider Stories reported that, Heavy equipment distributor PT Intraco Penta Tbk (INTA) obtained a US$25.3 million order on hand of heavy equipments ...
Sunday, 25 September 11
THE CHARTER RATES FOR INDONESIA TO INDIA WAS FIRM - VISTAAR
COALspot.com - The freight market moved up sharply with the cape Index up by 11 pct pushing the BDI by almost 6 pct and closing at 1,920 point ...
Saturday, 24 September 11
GOVT PLANS TO RENEGOTIATE ALL CONTRACTS INCLUDING FREEPORT - JP
The Jakarta Post reported that, the Energy and Mineral Resources Ministry has confirmed plans to renegotiate all mining contracts including those wi ...
Friday, 23 September 11
ICMA TO BUILD UPGRADE FACILITIES TO ANTICIPATE BAN ON LOW-GRADE COAL EXPORT BY 2014
COALspot.com - January to August of this year, Indonesia’s coal production had already reached 235 million tons. Earlier estimates had targete ...
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- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
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