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Thursday, 24 May 12
DRY BULK MARKET RETREATS ON LACK OF CHINA DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market retreated yesterday on the back of lower Chinese demand for commodities such as coal and iron ore, typically hauled by dry bulk carriers. Yesterday, the industry’s benchmark, the Baltic Dry Index (BDI) was down by 2.4% to 1,100 points, with the Capesize segment losing the most, as the Capesize Index was down by 63 points or 3.93 percent to 1,539 points.Commenting on the Capesize market, shipbroker Fearnleys noted that “the number of ballasters is increasing and the Tubarao/Qingdao rates has been dropping steady throughout the week. Last done is USD 20 pmt, and it seems some owners are now prepared to face the sub 20 level for this trade. Furthermore, the ballasters from the Far East are to a larger extent competing with the Atlantic tonnage for USEC/St Lawrence cargoes. West Australia-China rates have been flat around the 7.70 mark whilst period activity is inactive but levels remaining around 12k for a year” said the shipbroker.
On the Panamax market, Fearnleys noted that “last week ended with a bullish sentiment from owners with predictions of tight supply for Atlantic tonnage. This took a turn this week with an extremely slow Monday, low activity and a growing list of available ships in the Atlantic. Owners are gradually willing to look at fronthaul as Atlantic is weakening. The indices have slowly been declining, but the general sentiment is even more bearish than the indices reflect assisted by a falling forward curve. Despite more coal cargoes out of USG and USEC for direction India/Feast and the Continent, the number of ships is outnumbering the cargoes. The Tarv´s are being fixed in region of USD 10-12k depending on duration and trade. In the Pacific we see the same tendency with rates slipping for all trades and a Pac round is now paying around USD 7.5k. The period market has somewhat vanished with little being done” it mentioned.
Meanwhile, in the Handy/Supra markets, Fearnleys stated that the “Supra market continued with the same pace as last week. Skaw/Passero deliveries fixed towards US Gulf were paid around USD 5k, while US Gulf fixtures concluded tick below USD 24k for UK/Cont direction. Fronthauls was hovering around USD 19k p/d. Pacific market has been weak and falling due to lot of prompt available ships and lack of cargoes. For Indo- India, large eco Supra now fixed at USD 7k + BB USD 80k bss APS Indonesia. Nickel ore cargoes are not seen in market anymore due to on-going Indo ban which has again taken away cargoes and putting pressure on market. Nopac also fixed under USD 9k dop Japan. Indian iron ore market remains quiet with less activity on WCI & ECI. 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 are fixed high teens. Not much activity seen on short period and rates around USD 10k for large Supra” it concluded.
In a separate note, Shiptrade Services, a Piraeus-based shipbroker noted on the Supramax market that “the USG market is recovering in this size range with many fresh coal and scrap requirements in the market. The lack of tonnage in W Med and W Africa led the rates upwards The rates basis aps USG / ECSA closed well above 20,000 and we also learned that tonnage was fixed for trips via W Africa to Far East at USD 20000. The short period rates closed at USD mid teens levels depending on delivery , speed/cons figures etc. On the contrary the rates in the Pacific dropped heavily like in the Panamax market. The market turned pretty quickly to an aps market whereas the week before all supramax chartereres were rating vessels in china basis delivery dop for Aussie or NOPAC rounds. The Indonesian market also softened with Nickel ore round rates closing at USD 8000 basis delivery South China whereas Coal rounds closed at usd 6,500-7,000 depending on vessel’s particular, delivery etc. The backhaul rates closed at USD 6-7000 region depending on delivery and redelivery” it noted.
On the Handysize market, Shiptrade said that “in the Atlantic, the round voyage improved with rates ex ECSA to Med/Continent at USD 18,000 levels basis aps, a USD 1,000 increase than the week before. Coastal Latin America trips that will keep the vessels in the area were being fixed at USD 13,500 while USG was paying USD 17,500 for Continent/Med direction. Intra Med cargoes were done at USD 7,250 via Black Sea to Spain Med and orders ex Black Sea to USG and ECSA remained once again at very low levels. Trips from Continent to West Africa were fixed at USD 10,500. Pacific remained stable with a slight increase in numbers with the round voyage at around USD 8/8,500. Log cargoes via Australia to China and some short trips at North China/Korea range were on better levels around USD 9,000. The iron ore and coal cargoes ex Malaysia to China were paying USD 15/16 pmt leaving owners with low T/C equivalents. Backhaul trips were done at USD 8,550 levels, mainly with bagged rice ex SEASIA to West Africa. Periods were fixed at around USD 9,000 levels which was much improved compared to last week’s numbers” the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 27 August 20
BANGLADESH POWER MINISTRY SEEKING AUTHORITY TO CANCEL 13,000 MW OF PROPOSED COAL-FIRED CAPACITY - BUSINESS STANDARD
In a bid to move away from dirty energy, the Ministry of Power, Energy and Mineral Resources is seeking the prime minister’s approval to conv ...
Wednesday, 26 August 20
ASIAN COAL PRICES LIKELY TO REMAIN DEPRESSED SAY TRADERS, ANALYSTS - REUTERS
Asian coal prices, which have fallen around 25% this year as power demand slumped due to the coronavirus outbreak, are unlikely to move higher befo ...
Wednesday, 26 August 20
WORLD COAL EXPORTS: INDONESIAN THERMAL COAL EXPORTS HAVE COME UNDER PRESSURE AS THERMAL COAL PRICES WEAKEN - REPORT
Indonesia’s exports to decline sharply from record highs
Indonesia is the world’s largest thermal coal exporter, sellin ...
Wednesday, 26 August 20
JAPAN'S COAL IMPORTS ARE BEING AFFECTED BY COMPETING INFLUENCES - REPORT
Japan is the world’s third largest thermal coal importer, importing an estimated 135 million tonnes of thermal coal in 2019. The country&rsqu ...
Wednesday, 26 August 20
PENDING SOUTH KOREA LEGISLATION COULD FORCE HALT TO COUNTRY’S COAL PLANT EXPORT DEALS - KOREA ECONOMIC DAILY
South Korea’s parliament looks set to pass new legislation to ban financing on foreign coal power projects, putting all overseas coal-fired p ...
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Showing 811 to 815 news of total 6871 |
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- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Australian Coal Association
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
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