We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 06 August 14
SHIPPING MARKET INSIGHT - EVA TZIMA
 Recent reports that Indonesia’s ban on exports of metal ore concentrates was lifted for the first time in six months for two of its biggest miners, is without a doubt good news for the Dry Bulk market and possibly the first good news in a while. Although this is the first of a number of stages that need to be reached before the flow of exports reaches pre-2014 levels, it is definitely a development towards the right direction.
Back in January this year, the parliament of Indonesia introduced regulations affecting the exports of raw ores. The government’s plan was to increase local processing of concentrated ores that would eventually allow for higher prices on exports. Under the new rules, ore concentrate exports such as; iron, gold, copper and zinc were heavily taxed, while in the case of nickel and bauxite exports were completely banned.
Although the country is most well-known for its coal production, when it comes to nickel and bauxite, Indonesian exports account for around 60% of the global seaborne trade. Indonesia is in fact one of the top two nickel producers worldwide, the ore of which is used for the production of nickel pig iron, essential to produce stainless steel, while bauxite is used to make aluminum. The major importer of both these commodities up to that point and key trading partner of Indonesia was China.
Since the ban came into effect, Chinese nickel imports have bottomed and despite the fact that China, in order to satisfy its demand, has turned to the Philippines, the reality is that Indonesian nickel ore is more suitable for feed stocking stainless steel and therefore the Filipino one can’t be the perfect replacement for it. Bauxite on the other hand is easy to replace but there are still issues like the higher cost when sourced from more distant regions, therefore Chinese imports are bound to remain suppressed until a suitable alternative source is found. But even in the case of other minerals, such as copper, that were not banned from being exported but the exports of which suffered mainly due to heavy taxation being applied, the net effect was pretty much the same; production was hammered and a big volume of cargoes said goodbye to the Asia Pacific market.
Supra and Handymax tonnage has been mostly affected by this ban, while the Panamax segment has also missed out on some important volume of business. Sebuku Iron Lateritic Ores (SILO) and Lumbung Mineral Sentosa, the two miners that recently agreed to pay the additional tax, have now shipped the first cargoes in six months. The importance of this recent development marks the beginning of a change in attitude by Indonesian producers, which could soon be coupled by a policy curb in taxation or even on the ban itself, especially if miners can prove the existence of plans to build smelting facilities locally.
The dry bulk trade in Southeast Asia is affected by a variety of patterns, and while Indonesian exports is one piece of the puzzle, it is quite an important one and one of those key issues that have been denying dry bulkers healthier business volumes in the Pacific. Once fully resolved, it is expected to give a strong boost to freight rates for Supra/Handymax tonnage in the region, and although for now this is only just a confidence boost, the truth is that these days the market is as hungry for confidence as it could be.
Analysts:
Mr. George Lazaridis
Ms. Eva Tzima
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no re-producing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 06 August 14
CAPES: BUSINESS INTEREST REMAINS SOFT; CURRENTLY NO SIGNS OF IMPROVEMENT - INTERMODAL
COALspot.com: Despite the considerable pressure witnessed in the freight market for most of the size segments, the Dry Bulk Index was able to note ...
Wednesday, 06 August 14
SGX SUCCESSFULLY LAUNCHED NEW SGX COAL PRODUCTS
COALspot.com: Singapore Exchange (‘SGX’) has announced that, the exchange has successfully launched its new Coking and Thermal Coal pro ...
Monday, 04 August 14
ANNUAL SECOND HALF SURGE IN BRAZILIAN IRON ORE EXPORTS ABOUT TO BEGIN - JEFFREY LANDSBERG
COALspot.com: Great strength in the capesize market has all along been set to occur during the second half of this year, as that is when Brazilian ...
Monday, 04 August 14
SUB-BIT FOB INDONESIA COAL SWAP INCHES UP DESPITE LOW DEMAND
COALspot.com: Indonesian coal swaps for average Q4’ 2014 increased US$ 0.15 day on day and US$ 0.13 per mt week on week. But, the swap was lo ...
Monday, 04 August 14
Q1' 15 API 8 CFR SOUTH CHINA COAL SWAP CLOSED AT US$ 69.37 ON 1 AUGUST 2014; A $ 1.10 HIGHER COMPARED TO Q4' 2014 CLOSING
COALspot.com: Coal swap prices are showing a positive move upward this past week. API 8 CFR South China Coal swap for Q4, Q1 and Q2 2015 show ...
|
|
|
Showing 3561 to 3565 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- CNBM International Corporation - China
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Sical Logistics Limited - India
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
|
| |
| |
|
