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Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
 Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for shipments of coal and iron ore slowed.
The index tracking transportation costs on international trade routes today slid 135 points, or 4.6 percent, to 2,772 points, according to the Baltic Exchange. That took its weekly drop to 17 percent, the most since the end of October.
“The Chinese have backed off and it’s starting to show in the number of shipments this month,” Gavin Durrell, a Cape Town-based official at Island View Shipping SA, Africa’s biggest commodities shipping line, said by phone today. “Iron ore and coal seem to be slowing down.”
China’s record coal and iron ore imports in the first half helped the index to advance as much as fivefold this year, reversing some of the record 92 percent collapse in 2008. Demand rose after the country’s government announced a 4 trillion yuan ($586 billion) stimulus package.
Daily rental rates for every class of ship tracked by the bourse declined today, led by a 5.6 percent slump to $20,880 for panamaxes, ships designed to navigate the Panama Canal.
Capesizes, ships most commonly used to haul about 170,000 metric tons of iron ore around South Africa’s Cape of Good Hope or Chile’s Cape Horn, lost 5.2 percent to $45,428 a day. Smaller supramaxes fell 5 percent to $19,242 a day and handysize ships lost 2 percent to $12,051 a day.
Chinese Steelmakers
Rates are declining as Chinese steelmakers delay imports while they negotiate annual iron ore prices with producers such as Rio Tinto Group, BHP Billiton Ltd. and Vale SA, Durrell said. “I don’t think they will come back until they agree,” he said.
The drop reflects a wider slide in demand for raw materials that will likely push prices for metals, commodities and energy lower, Eugen Weinberg, a senior commodity analyst at Commerzbank AG in Frankfurt, said by phone yesterday.
The Baltic Dry Index has slumped 35 percent from this year’s high on June 3. The Standard & Poor’s GSCI Index of 24 commodities has climbed 7 percent over the same period.
Derivatives betting on the Baltic Exchange’s future assessments fell for a third day, indicating the declining spot market is causing traders’ future expectations to deteriorate.
October-to-December forward freight agreements, or FFAs, for capesizes lost 4.7 percent to $36,750 a day, according to prices from Imarex ASA, a broker of the accords. That implies traders expect the market to drop 19 percent by year-end.
Panamax contracts fell 1 percent to $17,625 a day, implying a 16 percent decline.
Source: Bloomberg
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Sunday, 09 August 09
TNEB ENNORE PORT CALLS TO TRIPLE COAL OUTPUT
World Shipping News reported that, the Tamil Nadu Electricity Board (TNEB) has asked Ennore Port Ltd (EPL) to increase the port’s installed ca ...
Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
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- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
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