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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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- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- PTC India Limited - India
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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