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Monday, 24 August 15
IS CHINA'S STEEL EXPORTS ENOUGH TO SUPPORT THE FREIGHT MARKET? - BIMCO
 No, it’s not enough, you will need lower Chinese iron ore production too in order to keep growing imports of iron ore into China that will support the dry bulk freight market.
World Crude steel production for the first seven months of 2015 was 945.8 million tons, down 2.1% on same period last year, according to World Steel Association.
As China accounts for 50% of the world’s crude steel production it’s fair to highlight the specific development in China as well as in the rest of the world separately.
In dry bulk shipping, all eyes are on China as 960 million tons (Mt) out of a total 1,425 MT of seaborne iron ore exports is expected to be landed there in 2015.
Fortunately for shipping, China is faring slightly better than the rest of the steel producing nations combined. From January to July this year, China produced 476 MT against 485 MT last year, a decrease of 1.8%. Meanwhile production in rest of the world was 470 MT against 482 MT last year, a decrease of 2.5%.
Chief Shipping Analyst at BIMCO, Peter Sand, says: “China is heading for its first annual decline in crude steel production since 1981. This is painful for dry bulk shipowners and operators, as iron ore imports into China is the key market driver.
Fortunately we are finally seeing Chinese steel mills substitute domestically mined ore of low quality for high quality imports. This has buoyed imports, which are on par with last year for the first seven months of 2015 while domestic production is down by 10.1% during the same period.
As we may have seen steel production in China at its peak in 2014, the big questions is: will China keep up steel exports equal to the steel production in Japan going forward or will Chinese steel production decline with lower domestic consumption from now on?”.
Chinese steel exports rose strongly throughout 2014, growing 51% on 2013 to reach 94 MT. In December 2014 and January 2015 more than 10 MT was exported. 2015 has kept building on the strength of 2014, benefiting the Supramax market in the Far East.
Currently, industrial production close to Beijing is somewhat restricted as the capital hosts the 2015 World Championships in Athletics from 22-30 August and the celebrations marking the end of World War II on 3 September. This is done to ensure blue skies during the event.
“The second half of the year is the seasonally strongest for global seaborne iron ore transportation. BIMCO therefore maintain expectations for a positive growth level, but revise it somewhat down to 2.8% on the back of weakness in first half of the year.
Achieving this level hinges on China maintaining is steel exports level as well as continues substituting domestically mined ore for imports”, adds Peter Sand.
Source: BIMCO | Hellenic Shipping News
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Monday, 07 September 15
CFR SOUTH CHINA COAL SWAPS ROSE 1.1 PER CENT WEEK OVER WEEK
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US$ 1.52 (3 %) per MT month over month.
A commodity sw ...
Sunday, 06 September 15
AUTOMATION AND TECHNOLOGY IS CERTAINLY PART OF THE SOLUTION FOR IMPROVING PERFORMANCE AND EFFICIENCY TO MAKE THE MINE OPERATIONS MORE PROFITABLE, HOWEVER............ - LUKE JALSEVAC
"The Technology and Innovation in Mining 2015" production team at Information Exchange Group interviewed Luke Jalsevac, Director, Busines ...
Sunday, 06 September 15
THE CAPE SIZE INDEX ROSE 10.83 PER CENT WEEK OVER WEEK
COALspot.com: The BDI, the Baltic exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, declined o ...
Saturday, 05 September 15
DRY BULK MARKET MAY SUFFER NOW, BUT IS BOUND FOR A RECOVERY THANKS TO A LIMITED FUTURE FLEET GROWTH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The slow increase of dry bulk tonnage growth this year could turn into a solid indicator of the market’s future prospects. According to a rec ...
Friday, 04 September 15
U.S. COAL PRODUCTION FOR THE W/E AUGUST 29, UP SLIGHTLY; FALL 4.5 PERCENT Y-Y: EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 18.7 million shor ...
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- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- London Commodity Brokers - England
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Edison Trading Spa - Italy
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
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