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Thursday, 17 May 12
DRY BULK MARKET STILL LOOKING FOR NEW DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has kept on moving sideways during this week, with the mixed performance across all segments. Yesterday, the industry’s benchmark, the Baltic Dry Index (BDI) was down by 0.18% to 1,130 points, down by just two points. The Capesize market was practically unchanged on the day, with a marginal increase of just 0.06% to 1,613 points. The smallest ship size, the Handysize market has kept on rising with the relative Baltic index, being up by 1.12% to 630 points. By contrast, the Panamax market was down by 1.23%, while the Supramax was once again on the downside, retreating by 0.36% to 1,105 points.
In a relative note, Commodore Research & Consultancy said that Chinese coal imports have set another record as the company’s analysts had predicted. “Preliminary data from the National Bureau of Statistics shows that China imported 23.9 million tons of coal in April. This is 2.5mt (12%) more than was imported in March and 12.8mt (115%) more than was imported in April 2011. China's previous monthly coal import record was 22.4mt imported in November 2011. Going forward, we continue to anticipate that Chinese coal imports will set additional records this year. For July, we expect coal exports will exceed 25mt. Overall, we remain very bullish regarding upcoming prospects for Chinese coal imports because regional thermal coal export prices remain very low and Chinese electricity demand continues to surge. The 411 billion kwh of electricity that China produced in March 2012 was only slightly below the record 426 billion kwh produced in August 2011. Chinese electricity production normally peaks by August of every year due to peak season summer demand. In the summer months ahead, we expect electricity production will continue to increase rapidly and will set several new records. Thermal coal will remain in great demand, and we continue to anticipate that coal imports will set a record by July” concluded Commodore Research & Consultancy.
In its weekly report, shipbroker Fearnleys commented on the Capesize segment, by mentioning that “little has changed this week in terms of the market levels. All the major miners have been in and out of the market with little movement in the freight rates. The Bubble in the Atlantic burst and the market has fallen back to the USD 8000 bracket, still a premium to the Pacific market. As rates have largely remained stable the recent fall in bunker prices has benefited the bottom line of owners (except the ones already well into a ballast leg) Period fixing has also been scarce but is apparently on subs but no details reported” mentioned Fearnleys.
Meanwhile, in the Handy side, “the market remained variable. Fronthaul voyages both from Baltic and Black Sea paid over USD 18k/day. From USG to Cont tonnage would get over USD 20k/day, whilst USG/FE was worth above USD 25k/day. Average of TC routes closed at USD 11502 today and was still USD 1500 higher than similar index for the Panamax tonnage. Pacific market has been weak and falling. For Indo-India, large eco Supra can fetch close to USD 10k + BB USD 150k bss APS Indo. Nickel ore cargoes are not seen in market anymore due to on-going Indonesian ban which has again taken away cargoes and putting pressure on market. Nopac also fixed under USD 10k dop Japan. Indian iron ore market remains quiet with less activity. WCI-China rates around USD 10k and ECI-China around USD 7k. Some ECI Supras have been ballasting to pick up Indo cargoes as well. RBCT rv fixed at APS USD 11k + BB USD 350k. Red Sea fertilisers to India fixed high teens. Not much activity on short period and rates around USD 11k for large Supra” said the shipbroker in its report.
Finally, on the Panamax front, it noted that “intoxicated by some areas being tight for tonnage, Owners predict an Atlantic market on the rise despite falling indices. Transatlantic rounds from 12-14k depending on position and direction. Some Chrtrs have had a fair challenge to cover fronthaul buiz where levels are around 18k via COGH. Overall the Western hemisphere seems fine tuned with a few fresh mineral requirements and so far limited volumes of June grain cargoes out of ECSA. Fair activity in the Pacific where Owners have been eager to cover a growing list of positions in a sliding 8000 dollar market mid-week. With reduced hopes for a recovery in European economy and a slowly falling forward curve, period interest is limited. Only Owners willing to give wide spreads or options could find period takers for efficient tonnage in the 10k area” concluded Fearnleys.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- The University of Queensland
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
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