| Latest Forum Topics / Mercator Lines |
 Post Reply
|
|
Mercator Lines
|
|||||
|
s5504703
Member |
30-May-2008 18:57
|
||||
|
x 0
x 0 Alert Admin |
Mercator Lines (Singapore) Limited - Renews contract with Arcelor Mittal
Tan Jin San, 30 May 2008 Mercator Lines has renewed its long term time charter contract of its gearless Panamax vessel to existing customer Arcelor Mittal. Huat Liao.......... |
||||
| Useful To Me Not Useful To Me | |||||
|
s5504703
Member |
29-May-2008 21:19
|
||||
|
x 0
x 0 Alert Admin |
SINGAPORE, May 29 (Reuters) - Container shipping group Neptune Orient Lines (NEPS.SI: Quote, Profile, Research) rose as much as 5.9 percent to a one-week high of S$3.92 after Morgan Stanley issued a note saying NOL should ride on strong freight rates and outperform its peers. Mercator Cheong arrrr................. 
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
s5504703
Member |
29-May-2008 21:15
|
||||
|
x 0
x 0 Alert Admin |
29 May 2008 Baltic Dry Index (BDI) +102 11347 |
||||
| Useful To Me Not Useful To Me | |||||
|
jkiflie
Member |
26-May-2008 13:37
|
||||
|
x 0
x 0 Alert Admin |
Consolidation "mode" after the recent "run-up"....which is a good thing. Also yesterday's sharp "pull back" in BDI didn't help matters.
|
||||
| Useful To Me Not Useful To Me | |||||
|
taybc1071
Senior |
26-May-2008 13:33
|
||||
|
x 0
x 0 Alert Admin |
Due to mkt sentiment. Not only this counter, sea of red.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
ruzmidah
Member |
26-May-2008 13:24
|
||||
|
x 0
x 0 Alert Admin |
Hmm... why going down despite the news ? | ||||
| Useful To Me Not Useful To Me | |||||
|
s5504703
Member |
22-May-2008 20:55
|
||||
|
x 0
x 0 Alert Admin |
May 22, 2008Mercator secures coal mines in Indonesia and Mozambique DNA Money reported that Mercator Lines is foraying into coal mining through its subsidiary in Singapore and has secured mining licenses for two coal blocks in Indonesia and one in Mozambique.Based on the fact that bulk cargo freight rates in the recent past were at a record high, the new venture is set to be an advantage for the shipping major. Mercator has secured 50% rights in two coal blocks in Indonesia, which have reserves of 15 million tonnes of decent to good quality coal. It would start production of coal there in July 2008 and expects the 2 mines to contribute 1 million tonne of coal in the first year. However, the coal block in Mozambique where Mercator Lines has 85% rights is still under development. The coal reserves there have been estimated to be around 3 billion tonnes and the company anticipates a wait of another 2 to 3 years before they can start production. Mercator has spent USD 5 million in Indonesia for developing the mines and expects a similar expenditure in Mozambique. This also includes production tax and 9% royalty that the company needs to pay the Indonesian government. Thermal coal, on the other hand is currently sold at USD 45 to USD 50 per tonne. Mr Atul Agarwal MD of Mercator said that "The coal venture would help us become a complete energy supply chain company, as it would add to our logistics services. We are looking at mining and selling one million tonnes of coal in FY09, out of the two Indonesian mines." Mr Agarwal said that "Rather than acquiring existing producing mines, we have looked at green field, projects which need development." Analysts said that the venture could help get a constant revenue stream for Mercator, which transports coal to power plants of TATA Power, Jindal Steel and Reliance Power, apart from acting as a hedge. But the company prefers to call the move a backward integration. Mercator is one of the leading carriers of bulk cargo in India. They ferry iron ore, coal and much of their revenues come from bulk cargo unlike Great Eastern Shipping and Shipping Corporation of India. |
||||
| Useful To Me Not Useful To Me | |||||
|
8_factor
Member |
22-May-2008 13:36
|
||||
|
x 0
x 0 Alert Admin |
And also this: http://www.cnbc.com/id/24755882 Note the point that coal is heating up more than oil this year... And Mercator Lines (Singapore) is sitting on 45m tonnes of coal. And that it is still trading below IPO ....:O) |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
8_factor
Member |
22-May-2008 13:08
|
||||
|
x 0
x 0 Alert Admin |
Check this out.http://www.steelguru.com/news/index/2008/05/18/NDU4NjU%3D/Mercator_secures_coal_mines_in_Indonesia_and_Mozambique.html |
||||
| Useful To Me Not Useful To Me | |||||
|
s5504703
Member |
21-May-2008 20:14
|
||||
|
x 0
x 0 Alert Admin |
20 May 2008 Baltic Dry Index (BDI) +84 11793 |
||||
| Useful To Me Not Useful To Me | |||||
|
jasonrxz
Senior |
21-May-2008 17:31
|
||||
|
x 0
x 0 Alert Admin |
<<Affirmative>>
BRO S.BEAR..... Stocks that close at the highest bid of the day and strong buy up will open at least one bid higher or two...... Provided that the index dun open too low.. even very low as in -1% or lower... it will only open flat as per today or one bid lower.... Do monitor this and u will gain more in stocks.... If u want only maybe 100 bucks per day.. u can just scroll thru the stocks and buy on the next trading day with those close highest high maybe say 10 lots.. and out at .015 gain.... cheers
Just an suggestion only. cheers
|
||||
| Useful To Me Not Useful To Me | |||||
|
Stupidbear
Senior |
21-May-2008 17:15
|
||||
|
x 0
x 0 Alert Admin |
definitely??
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Singer88
Member |
21-May-2008 17:09
|
||||
|
x 0
x 0 Alert Admin |
Tomorrow will definity open higher base on strong closing. | ||||
| Useful To Me Not Useful To Me | |||||
|
Naproxen
Veteran |
20-May-2008 08:37
|
||||
|
x 2
x 0 Alert Admin |
May open at 0.565 | ||||
| Useful To Me Not Useful To Me | |||||
|
amitkatyal
Member |
19-May-2008 23:31
|
||||
|
x 0
x 0 Alert Admin |
Should cross 0.60 mark tommorrow :) | ||||
| Useful To Me Not Useful To Me | |||||
|
Naproxen
Veteran |
19-May-2008 23:19
|
||||
|
x 0
x 0 Alert Admin |
Eagerly waiting........... | ||||
| Useful To Me Not Useful To Me | |||||
|
s5504703
Member |
19-May-2008 22:10
|
||||
|
x 0
x 0 Alert Admin |
19 May 2008 Baltic Dry Index (BDI) +250 11709 
|
||||
| Useful To Me Not Useful To Me | |||||
|
Naproxen
Veteran |
16-May-2008 23:05
|
||||
|
x 0
x 0 Alert Admin |
All the way !!! | ||||
| Useful To Me Not Useful To Me | |||||
|
s5504703
Member |
16-May-2008 21:15
|
||||
|
x 0
x 0 Alert Admin |
16 May 2008 Baltic Dry Index (BDI) +392 11459 Mercator will fly............. |
||||
| Useful To Me Not Useful To Me | |||||
|
s5504703
Member |
16-May-2008 19:43
|
||||
|
x 0
x 0 Alert Admin |
15 May 2008 Baltic Dry Index (BDI) +418 11067 |
||||
| Useful To Me Not Useful To Me | |||||
