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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, 10 November 14
Q4' 15 FOB INDONESIA COAL SWAP CLOSED LOWER THAN Q1' 15 CLOSING PRICE OF US$ 49.58 ON LAST FRIDAY
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month, week on week and day on day.
The Q1 swap has lost just US$ ...
Monday, 10 November 14
SGX'S API 4 FOB RICHARDS BAY COAL SWAP FOR Q1' 2015 DELIVERY CLOSED AT US$ 65.44 ON 7 NOV, LOST 4.08% M-O-M
COALspot.com: API 4 FOB Richards Bay Coal swap for Q1’ 2015 delivery has decreased US$ 2.78 (-4.08%) month over month and US$ 1.41 (-2.11%) w ...
Monday, 10 November 14
MOZAMBIQUE SIGNED CONTRACT WITH ETA STAR OF UAE FOR OPEN CAST COAL MINE IN TETE - AIM
- ETA Star to build slurry pipeline over the 600 kilometers to Beira in Mozambique to transport coal.
- The viability studies show the presence o ...
Monday, 10 November 14
YEAR 2015 CFR SOUTH CHINA COAL SWAP SHOWS A WEAK TREND THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 3.74 (-5.63%) month over month and US$ 2.19 (+3.37%) we ...
Sunday, 09 November 14
CAPE INDEX UP 3.06%; PANAMAX INDEX FELL 4.05%
COALspot.com: The BDI was almost at same levels compared to last week closing or just increased 0.77 pct from last week. The BDI was closed at 1437 ...
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- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- The University of Queensland
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
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