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Tuesday, 18 November 14
VALEMAX DEAL TO DETERMINE DRY BULK MARKET'S FATE - DREWRY MARITIME RESEARCH
Vale’s accord to sell and lease four Valemax vessels to COSCO might have negative repercussions on dry bulk freight rates. Vale has committed to lease ten more vessels to COSCO, as the company is keen on Valemaxes to export bulk iron ore to China, which has adequate infrastructure to receive the giant vessels. Currently, China is forbidding the entry of Valemaxes, citing safety issues.
The entry of Valemaxes into the dry bulk market will ensure reduced transportation cost for companies and have a negative impact on the Capesize sector. Vale will be able to take advantage of economies of scale with Valemax vessels entering the market while leaving more Capes unemployed.
Vale is optimistic about the future of the iron ore market, as it expects the current phase of low iron ore prices to end soon. Iron ore prices have gone down because of low demand from China and excess supply on increased production of iron ore by Vale, Rio Tinto and BHP Billiton.
Our view
Drewry believes that the admission of Valemaxes into China will help reduce transport costs and create freight-rate volatility in the Capesize market. High iron ore prices lured many iron ore producers into the market, and the recent fall in iron ore prices will exterminate the small fi sh and will help the big players to control pricing in future.
Companies with world-class assets, large-scale production, effi ciency and low costs will be able to survive in the market. Moving ahead, the Chinese steel industry is also likely to welcome Valemaxes, which will help them in cost cutting and profit optimisation.
Source: Drewry Maritime Research / Hellenic Shipping
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Wednesday, 19 November 14
SHIPPING MARKET INSIGHT - BY KATERINA RESTIS
The current Ebola outbreak in West Africa has been declared as a worldwide health emergency by the World Health Organization and has had a great im ...
Tuesday, 18 November 14
SUB-BIT FOB INDONESIA COAL SWAP DELIVERY Q2' 2015 CLOSED AT $ 49.55; DOWN 4.10% M-O-M
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month, gained week on week and day on day.
The Q1 swap has lost US ...
Tuesday, 18 November 14
FOB RICHARDS BAY COAL SWAP FOR Q1' 2015 DELIVERY CLOSED AT $ 66.31; UP 1.33% W-O-W
COALspot.com: API 4 FOB Richards Bay Coal swap for Q1’ 2015 delivery has gained US$ 0.27 (+0.41%) month over month and US$ 0.87 (+1.33%) week ...
Tuesday, 18 November 14
CHEAP OIL PRICES COULD RESHAPE GLOBAL OIL EXPORTING MAP - HELLENIC SHIPPING
Tanker owners have enjoyed a rather healthy 2014, but as the year draws to a close, the fall of oil prices is bound to reshape traditional, as well ...
Monday, 17 November 14
SKULD ISSUES URGENT NOTICE ON BANKRUPTCY OF OW BUNKER A/S
Further to the Association’s advices of 7 November 2014, more information has come to light with respect to the potential impact and scale of ...
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- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Bhatia International Limited - India
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