We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 09 October 09
BULK-SHIPPING LINES MUST CANCEL 50% OF NEW ORDERS, PLATOU SAYS
 Bloomberg reported that, Bulk-shipping lines need to cancel half of the new vessels they have on order to ease a capacity glut and revive freight rates, according to shipbroker R.S. Platou ASA.
“If half the orderbook is never built, then we can keep the market fairly balanced,” Bjorn Bodding, a senior analyst at Platou, said today at a conference in Singapore. Even axing a third wouldn’t be enough to help rates recover before 2012, he added.
Bulk-shipping rates have tumbled 78 percent from a record last year as growth in the global fleet outpaces China’s demand for iron ore and coal shipments. The glut could worsen as commodity companies, such as Noble Group Ltd., build up their fleets.
“What worries me even more than the existing orderbook is seeing people ordering or about to order more tonnage,” said Andreas Sohmen-Pao, chief executive officer of ship operator BW Maritime. “That’s stretching out the problem further.”
Noble Group, a Hong Kong-based supplier of raw materials, ordered five bulk carriers worth about $320 million in August. Vale SA, the world’s biggest iron-ore producer, plans to order 11 large bulk carriers, South Korean News agency Yonhap said on Oct. 7.
China Cosco Holdings Co., the world’s largest dry-bulk ship operator, canceled eight vessels in July after slumping to two straight losses on plunging rates.
Commodity carriers with a capacity of 291 million deadweight tons are on order worldwide, according to Drewry Shipping Consultants Ltd. That’s equivalent to 66 percent of the existing fleet.
Rates Rebound
A rebound in freight rates since April has encouraged shipping lines to grow their fleets, even as rates remain near breakeven levels. The Baltic Dry Index, a measure of commodity- shipping costs, has risen to 2,647 yesterday from 1,463 on April 8. With the index above 2,000 points, a portion of the more expensive vessels on order can be run profitably, according to DBS Vickers Securities analysts Chong Wee Lee and Ho Pei Hwa.
“This has led to resurgence in vessel deliveries and reduced demolition activities, thereby aggravating the industry’s oversupply,” the analysts wrote in an Oct. 5 report.
Dry-bulk ship deliveries increased 35 percent in the four months ended August from the preceding four months, they said. Scrapping fell 61 percent.
Shipping rates have also been boosted this year by government economic stimulus plans, including a 4 trillion yuan ($586 billion) package in China. Demand for iron ore and freight rates may begin to fall once these plans are completed, said Keith Denholm, director of PCL (Shipping) Pte.
“The levels that we are seeing today are just not sustainable,” he said. “The question now is whether the private sector is going to be able to stand on its two feet without the assistance of the government stimulus packages.”
Source: Bloomberg
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 05 October 09
SOUTH AFRICAN COAL RISES ON INDIAN BUYING, DOMESTIC DEMAND
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
Monday, 05 October 09
BANPU EYES INCREASE IN COAL OUTPUT
The Nation reported that, Banpu plans to boost its coal output to 23 million tonnes next year once production begins at the East Block of its Indomi ...
Monday, 05 October 09
COAL TRADING C&O TO INVEST $100 M NEXT YEAR
The Jakarta Post reported that, Coal and Oil (C&0) Group of India plans to invest up to US$100 million in Indonesia next year to acquire coal mi ...
Sunday, 04 October 09
INDONESIAN COAL EXCHANGE FOR PRICE BENCHMARKING IN OFFING
Reuters cited Mr Bob Kamandanu chairman of the Indonesian Coal Producers Association as saying that Indonesia plans to set up a coal exchange to cre ...
Sunday, 04 October 09
GRASIM TO CONSOLIDATE CEMENT BIZ
The Statesman reported that, India's largest cement producer Aditya Birla group today said it would consolidate its cement businesses by merging Gr ...
|
|
|
Showing 6376 to 6380 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Australian Coal Association
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Economic Council, Georgia
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
|
| |
| |
|
