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Thursday, 05 July 12
DRY BULK MARKET MOVES FURTHER UP THE HILL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has kept its growth momentum by the middle of the week, as the BDI (Baltic Dry Index) rose by an additional 40 points to 1,103 points yesterday, as a result of stronger demand for Capesizes, ships of up to 180,000-200,000 tons used to haul cargoes like iron ore and coal. The respective BCI (Baltic Capesize Index) was up by 79 points to 1,369, while almost all ship types were higher on Wednesday. It was just the Handysize market which was practically unchanged to 716 points.
In its latest weekly report, shipbroke Fearneys commented on the Capesize market by stating that “the Cape market has been slowly but surely coming back over the past week with C4TC pushing up by USD 2k on the spot level and USD 1k on mtd. With a slow end to the week and start to this one the Atlantic basin has finally got a more positive feel with some positional tightness and very few ballasters arriving in the next few weeks, C3 levels are again back over the USD 18 level. The Pacific has also shown upwards momentum with C5 back over the USD 7 level, a relief to owners that it is clawing back from the mid USD 6 level it has been down too in the past couple of weeks, this is due to more activity from the major miners on this route. There has been a little period activity seen as the market ticks up, around the USD 10k-11k level seems about the current level” it noted.
On the Panamax front, Fearnleys noted that “stimulated by a steady flow of fresh spot requirements, predominantly in the Atlantic, the market has firmed up to higher levels at higher volumes. In the western hemisphere a tighter tendency pushes rates closer to 10k for T/A rounds and upper teens for fronthaul as most owners hesitate to go east. The sentiment remains positive in the Pacific with rates climbing to 8k for NOPAC and 10k for ECSA rounds bss Singapore delivery. Assisted by the optimism takers are looking for efficient tonnage for period at around 8k for short period and upper 9´s for about 1-year period. The forward curve is not moving considerably as long term demand vs. supply fundamentals remains gloomy” it noted.
Finally, on the Handy front, the report mentioned that the “Supra market in the Atlantic climbed slowly during the last week, with fresh cargoes entering the market. Cont/US Gulf fixed tick above USD 5k/day, while US Gulf/Cont concluded close to USD 27k/day. Fronthauls ex Cont were paid around USD 23600, while tonnage ex Canakkale fixed around USD 24500. The Pacific market has seen increased activity and rates are getting firm on Indo and Nopac rounds. For Indo-India, large eco Supra now fixed at USD 8k basis North China dely. Some owners also asking for mid-teens for SE Asia dely. Nopac also fixed at USD 9k basis Japan. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 8k and ECI-China around USD 5k. RBCT rv fixed at APS USD 10k + BB USD 360k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 10,500 for large Supra” Fearnleys concluded.
In an update on the market, Commodore Research & Consultancy mentioned that “in June, various parts of southern China (which is where the majority of China’s hydropower is produced) received more than double the amount of rain that historically occurs every June. A large part of southern China normally receives 200 to 250 millimeters of rain every June. This past June, however, several parts of southern China received 400 to 500mm of rain.
Chinese hydropower production has been able to continue to surge as a result of the heavy rainfall. Most recently, Tropical Storm Doksuri made landfall on Saturday and helped pushed month-end rainfall totals over 400mm in many areas. *The surge in hydropower production will continue to put pressure on Chinese thermal coal demand*. Southern China has largely recovered from drought, and we believe hydropower production stands a good chance of setting a record in July or August” it noted.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 19 August 20
COAL INDIA TRADE UNIONS DEFER DAY-LONG STRIKE: PTI
The unions had decided to go on strike against the commercial mining and the proposed divestment or buyback of shares of Coal India Ltd (CIL).
...
Wednesday, 19 August 20
MISC MARKS ITS MAIDEN FORAY INTO MAJOR DEEP-WATER PROJECT IN LATIN AMERICA WITH MERO 3 FPSO
MISC Berhad (MISC) is pleased to announce its acceptance of Letter of Intent (LOI) from Petróleo Brasileiro S.A. (Petrobras) for the provisi ...
Wednesday, 19 August 20
MARKET INSIGHT - GEORGE LAIOS | INTERMODAL
Since the Covid-19 outbreak, governments and central banks around the globe have been using their ammunition and stimulus packages to keep their ec ...
Wednesday, 19 August 20
INDIA SAW A SHARP DECLINE IN ENERGY COAL IMPORTS IN JANUARY - JUNE 2020; –27 PER CENT YOY - BHP
Energy coal prices were weak in the second half of financial year 2020, BHP says in its Economic and Commodity Outlook FY20.
Accordi ...
Wednesday, 19 August 20
COAL PRICES TO REMAIN SUBDUED THIS FISCAL AMID WEAK DEMAND, HIGH INVENTORY - THE HINDU BUSINESS LINE
Coal offtake is improving gradually as lockdown eases
Coal prices are expected to remain subdued to weak demand and high inventory l ...
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- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- PTC India Limited - India
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- India Bulls Power Limited - India
- VISA Power Limited - India
- Planning Commission, India
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
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