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Thursday, 30 April 15
IRON ORE PLAYS EXPECTED TO SHAPE UP MAY DRY BULK SCHEDULE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Market plays in the iron ore commodities’ markets, are expected to carve out the future demand for the shipping industry as well, said Allied Shipbroking in its latest weekly report. According to the report, “with chatter circulating the market that some of the major dry bulk commodities are set for a turnaround in fortunes after their most recent price rally, many traders have started to seem more bullish and hopeful that we may have finally bottomed. Yet is there really fire everywhere you see smoke. Things seem to be a touch more complicated and with the commodities markets being the demand driver for both wet and dry tonnage, it is interesting to see how deep these latest promises hold”.
As Mr. George Lazaridis, Head of Market Research & Asset Valuations with Allied Shipbroking noted, “the truth is that we have seen some of the biggest gains since 2012 in iron ore prices. The climb was more than 14 per cent over the past 2 weeks, marking a new month high of USD 53.8 per tonne according to the TSI price index. At the same time, as we have been reporting during the same time period, Rio Tinto and Fortescue have been heavily hitting the charter market with fresh inquiries, something that has notably pushed freight rates for Capes on the Australia/Far East routes considerably”.
He added that “things have pulled back slightly in terms of new voyage requirements, yet with the commodity price still looking to hold upward momentum it is not without reason that some keep a hopeful position of the prospects that the May program may hold. As for the reasoning for most of this, it seems that a combination of restocking by Chinese steel mills, coupled with expectations that its government will provide further support to spur economic growth, has encouraged most of these larger mining companies to take on their competition head on flooding the market with their cheaper prices produce in order to gain market share and lower their marginal costs”.
Meanwhile, “while all this has being going on during the past two weeks, another major mining company, namely BHP Billiton has announced its intention to defer a project that would increase capacity of its Australian mines to 290m tonnes a year by mid-2017. Along with this, caution must also still be kept as to how the market can fair in the likely sce-nario that China holds on to its slower economic growth trajectory, despite any efforts made through further fiscal easing, leaving a minimal demand growth for the market. The reality seems to be that Chinese demand will continue to wane in the near term, something that will carry on placing pressure on all major commodities. As such any renewed market demand must come from elsewhere, countries such as India, which for the moment do not seem to be up to the task of propping up global demand by the same amount”.
Lazaridis also mentioned that “through all this there are subtle silver linings to be found. For one, the deferral by BHP Billiton of extra investment spending could be part of an effort to squeeze its current marginal costs, as it has been ramping up production of its western Australian mines during the past couple of months. Let’s not forget that Rio Tinto had made a similar decision last year, which as is now seen, did little to deter it from ramping up its produc-tion volumes this year. At the same time and as the three major Australian miners as well as Brazil’s Vale, seem adamant in taking up further market share, this could likely translate into a good increase in tonne-mile demand, taking into account that most of the capacity they replace is likely to be closer to home or even internally within China. As such the main issue remains as to how much the capacity growth of the fleet can be restricted. If we can avoid a complete market collapse this year, investor appetite could eventually kick in, financing an actual rebound in the commodity markets”, he concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 26 May 15
MINING ASSOCIATION PERHAPI PUSHES FOR 35,000 MEGAWATT ELECTRICITY PROGRAM - JG
The Indonesian Mining Professionals Association, or Perhapi, has announced its support for a 35,000-megawatt national electricity program, saying i ...
Tuesday, 26 May 15
FOB INDONESIA COAL SWAP; UP WEEK OVER WEEK
COALspot.com: Indonesian coal swap for delivery Q3 2015 gains week over week and lost month on month, this past week.
The Q3 swap was declined ...
Monday, 25 May 15
FOB NEWCASTLE COAL SWAP Q1'16 CLOSED LOWER THAN Q3'15 CLOSING
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery gained US$ 0.92 per MT (2.07%) month over month and US$ 0.70 week on week. ...
Monday, 25 May 15
CFR SOUTH CHINA COAL SWAP : Q3, Q4'15 & Q1'16 INCREASED M-O-M AND W-O-W
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery up US$ 1.55 (3.09%) per MT month over month and US$ 0.72 (1.41%) pe ...
Sunday, 24 May 15
INDONESIA TO INDIA PANAMAX CHARTER RATES WERE RATING AT AROUND US$ 5500
COALspot.com: The freight market softened in all segments this past week.
The BDI was dropped 7.57 percent week over week and closed at 586 po ...
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Showing 3006 to 3010 news of total 6871 |
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- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- PTC India Limited - India
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- VISA Power Limited - India
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
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