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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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Monday, 17 November 14
INDONESIAN COAL PRICE REFERENCE CONTINUES FREE FALL; SLUMPS TO 69-MONTH LOW
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price once again in November. HBA for t ...
Monday, 17 November 14
API 5 FOB NEWCASTLE COAL SWAP FOR Q1' 15 DELIVERY CLOSED AT $ 52.75
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery has decreased US$ 1.77 (-3.25%) month over month and US$ 0.02 (-0.04%) day ...
Monday, 17 November 14
SOUTH CHINA COAL SWAP SLIGHTLY INCREASED WEEK OVER WEEK
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 1.73 (-2.67%) month over month and US$ 0.10 (-0.16%) da ...
Sunday, 16 November 14
THE BDI LOST 12.59% WEEK ON WEEK; THE BCI LOST 19.95%
COALspot.com: The BDI fell 12.59 percent to 1256 point week on week on Friday 14 November. All the segments were also most down this week. The cape ...
Friday, 14 November 14
U.S. WEEKLY COAL OUTPUT SLIPS SLIGHTLY WEEK ENDING NOVEMBER 08
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.9 million short tons (mmst) of coal ...
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- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- PTC India Limited - India
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
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