BDI onsdag 08.04.09
Baltic Exchange Dry Index 1463 DOWN 3
BCI Baltic Exchange Capesize Index 1993 UP 21
BPI Baltic Exchange Panamax Index 1114 UP 7
BSI Baltic Exchange Supramax Index 1159 DOWN 24
BHSI Baltic Exchange Handysize Index 642 DOWN 13
http://www.balticexchange.com/
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8/4 2009 20:35 stengård 0
7402 Du ville nok gøre forummet en tjeneste hvis du samlede din links omkring shipping (bl.a. Norden) i en tråd per dag - du kan jo skrive flere aktier på i tråden
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8/4 2009 20:40 Jane 07405 China's Iron Ore Imports Rise to Record in March (Update1)
By Irene Shen and Helen Yuan
April 8 (Bloomberg) -- China's iron ore imports climbed to a record 51 million
metric tons in March, the Ministry of Transport said on its Web site.
The ministry's statement didn't give out a comparison today. The figure from the
ministry usually differs from the import data reported by the customs office,
said Du Wei, head of research at Umetal Research Institute. The customs are
expected to release import figures around April 10.
Chinese mills boosted steel production in December through February as prices
rebounded on expectation of demand coming from the government's 4 trillion yuan
($585 billion) stimulus package, increasing orders for iron ore, the main raw
material. Still, the country's output may drop 20 percent after the latest surge
led to an oversupply, Shougang Corp. said March 5.
"The actual March imports are unlikely to exceed 46.8 million tons the customs
reported for February" because of slowing steel production, Du said by phone.
The nation's daily crude steel output fell to 1.38 million tons last month from
1.45 million tons in February, the Umetal said today, citing data from the China
Iron and Steel Association.
Iron ore imports by China, the world's biggest buyer of the raw material, gained
22 percent to a record of 46.8 million tons in February from a year ago,
according to Bloomberg data, citing customs figures. That's 43 percent more than
in January.
The Ministry of Transport has said imports rose 4.8 percent to 43.3 million tons
in January from a year ago, according to Du. That compared with 32.7 million
tons, down 11 percent from a year ago, from the customs, she said.
Import data from the transport ministry refers to the amount of ore workers load
from the ships, while the customs office only covers the material cleared for
arrival into the country, Du said.
By Irene Shen and Helen Yuan
April 8 (Bloomberg) -- China's iron ore imports climbed to a record 51 million
metric tons in March, the Ministry of Transport said on its Web site.
The ministry's statement didn't give out a comparison today. The figure from the
ministry usually differs from the import data reported by the customs office,
said Du Wei, head of research at Umetal Research Institute. The customs are
expected to release import figures around April 10.
Chinese mills boosted steel production in December through February as prices
rebounded on expectation of demand coming from the government's 4 trillion yuan
($585 billion) stimulus package, increasing orders for iron ore, the main raw
material. Still, the country's output may drop 20 percent after the latest surge
led to an oversupply, Shougang Corp. said March 5.
"The actual March imports are unlikely to exceed 46.8 million tons the customs
reported for February" because of slowing steel production, Du said by phone.
The nation's daily crude steel output fell to 1.38 million tons last month from
1.45 million tons in February, the Umetal said today, citing data from the China
Iron and Steel Association.
Iron ore imports by China, the world's biggest buyer of the raw material, gained
22 percent to a record of 46.8 million tons in February from a year ago,
according to Bloomberg data, citing customs figures. That's 43 percent more than
in January.
The Ministry of Transport has said imports rose 4.8 percent to 43.3 million tons
in January from a year ago, according to Du. That compared with 32.7 million
tons, down 11 percent from a year ago, from the customs, she said.
Import data from the transport ministry refers to the amount of ore workers load
from the ships, while the customs office only covers the material cleared for
arrival into the country, Du said.
9/4 2009 22:38 fcras 07534 BDI torsdag 09.04.09
Baltic Exchange Dry Index 1478 UP 15
BCI Baltic Exchange Capesize Index 2024 UP 31
BPI Baltic Exchange Panamax Index 1144 UP 30
BSI Baltic Exchange Supramax Index 1153 DOWN 6
BHSI Baltic Exchange Handysize Index 635 DOWN 7
10/4 2009 08:48 fcras 07569 BULK - Rio Tinto sheds 700 jobs
Written by Perter Clarkson Wednesday, 08 April 2009 04:12
Rio Tinto is axing over 700 jobs as it slashes production and cuts back expansion as metal prices and demand slump.
An Australian alumina and aluminium unit of the mining giant warned that "at current prices around 70% of the industry is currently operating at a financial loss".
Rio Tinto Alcan is cutting back bauxite production at its Weipa mine in far northeastern Queensland by over four million tonnes per year while also slowing down construction at a refinery.
Pushing completion of the Yarwun alumina facility in Gladstone back to the second half of 2012 is necessary to reduce the miner's capital expenditure. The Weipa bauxite mine will now produce 15 million tonnes as opposed to 19.4 million last year.
Steven Hodgson, president of Rio Tinto Alcan's bauxite and alumina division, said: "Even with alumina industry capacity cuts equivalent to 21 million tonnes per year since the beginning of the crisis, including cuts of 12 million tonnes made since January, there is still little improvement in the alumina price."
Rio Tinto Alcan's announcement on Tuesday continued: "The decisions announced today will result in the loss of around 100 permanent roles at Weipa and approximately 570 contractor roles in Gladstone.
"Additionally, approximately 35 permanent roles will be lost from the Yarwun refinery and at Boyne Smelters also in Gladstone."
Hodgson promised, however: "We will ensure all impacted employees receive their full entitlements and ensure they have the support and assistance they need in the coming weeks."
The collapse in worldwide demand for commodities as a result of a global squeeze on credit had impacted major mining groups significantly. Rio Tinto had already announced huge cuts in minerals production as well as job losses. Brazil's Vale has also slashed its production and workforce.
http://www.vinamaso.net/news-events/general/rio-tinto-sheds-700-jobs.html
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Rio Tinto website:
http://www.riotinto.com/
