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Tuesday, 18 August 15
DRY BULK: MARKETS HAVE CONTINUED TO BE SEVERELY CHALLENGED - CLARKSONS
 The dry bulk markets have continued to be severely challenged with freight rates falling during the period to below operating expense. The Baltic Dry Index (BDI) reached its lowest point since 1985 and the average BDI was 43% weaker compared to the prior year. The period markets traded at a slight premium to the spot markets and the freight market remained heavily weighted down under an oversupplied fleet and a slowdown in seaborne demand, says Clarksons.
According to Clarksons , the net fleet growth slowed to 7m dwt, 1% year-to-date, as demolition reached a record 20m dwt and new deliveries slowed to 27m dwt. Dry bulk seaborne demand suffered alongside the decline in China’s industrial production. Steel and cement production declined by 1.3% and 5.3% respectively, both contributing to the decline in thermal power demand, which in turn led to the decline in coal imports. Iron ore imports also suffered but to a lesser degree as low cost ore from Australia and Brazil substituted high cost domestic and international supplies.
Clarksons further noted that, seaborne demand is expected to increase during the second half of 2015, after a 15 month destocking period in China, at the same time as significant slowing in fleet growth. Structurally the market is however still oversupplied which is evident in the average vessel speed which is approximately 2 knots below the optimum market speed. An improvement in world GDP and a slower fleet growth will in the medium-term create a stronger freight market and ultimately a sustained recovery.
Source: Clarksons
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Thursday, 13 August 15
THE RATES FOR CAPES KEPT RALLYING LAST WEEK - INTERMODAL
COALspot.com: Strong Capesize performance kept supporting the Dry Bulk market last week, which noted another positive weekly closing, while rates f ...
Thursday, 13 August 15
FOB RICHARDS BAY COAL SWAPS CONTINUE FALLING
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined month over month and week over week.
The 4Q swap was down US$ ...
Wednesday, 12 August 15
DRY BULK MARKET: WITHOUT A DOUBT REACHED HEALTHIER LEVEL
A few weeks before the end of the summer season, the BDI is hovering around 1,200 points, providing some much needed optimism to all Dry Bulk marke ...
Wednesday, 12 August 15
REGULATION CURBS POWER OF LOCAL AUTHORITIES IN MINING SECTOR IN INDONESIA - FLORENCE G. SANTOSO
The Indonesian Government appears to be getting serious about stripping Regents of the authority to issue mining licenses. The Government took the ...
Wednesday, 12 August 15
FOB NEWCASTLE COAL SWAP FLAT WEEK OVER WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery down $ 0.98 per MT (-2.20%) month over month to US$ 43.65 per mt. The swap ...
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- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Economic Council, Georgia
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
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