We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
 The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified during Wednesday as well, with the relative Baltic Capesize Index (BCI) gaining ground for a second session in a row. Still, it is well behind the panamax market, in yet another “paradox” of the current market behavior. The BDI (Baltic Dry Index) ended yesterday’s session at 2,966 points up by 38 on a daily basis.
According to Fearnley’s latest week report “the capesize market has had a depressing week with rates falling across the board. Little or no period interest has been seen. Iron ore pricing agreements, combined with low freight rates have spurred some new selling, or at least putting ore on the water from Brazil, and we have seen Vale conclude a few vessels at low $23 (even $22 for overaged tonnage). The focus is on early ballasters, and as such little has emerged in terms of real direction for May, though the sentiment, backed by the paper market, is for an improvement in the rates. The Atlantic market still remains quiet and owners accepting lower than Pacific levels for the first time in a long time. Looking forward we are cautiously optimistic that there will be a small improvement in the near future” said the broker.
As for the panamax market, the report stated that “it experienced a sit back and watch scenario from both owners and charterers end last week and into the start of this week. There was no clear sign on where the market was going although the underlying sentiment was firm. Several grain cargoes from ECSA and coal from USEC entered the market this week and the tonnage supply is tight for prompt dates. Ballasters from the F.East fixed in region of $32,000 daily for ECSA/F.East cargoes on May dates. Pacific R/Vs are fixing in the upper 20´s. Tarv´s was fixing low 30´s and fronthauls mid 40´s. The firming spot market is also giving support to the period market. Rumors have it a 73k dwt was fixed on subs for 2 years trading at $24,000 daily with delivery PMO” concluded Fearnley’s.
Meanwhile, analysts from Commodore Research indicated in another update on Chinese commodity demand that China’s restrictions on iron ore imports have forced spot ore prices to increase sharply. Chinese iron ore fixtures have remained relatively firm this week, ore fixtures were very low yesterday and on Monday - but today they have increased.
Chinese ore demand continues to remain firm, and, so far, importers are not truly heading a call to boycott Australian and Brazilian iron ore. Spot Indian iron ore prices have increased to approximately $146/ton FOB, an increase of $22 (18%) from April 5.
Commenting on the recent change of iron ore pricing system on a quarterly basis, analysts like Omar Nokta of Dahlman Rose stated that if the quoted Vale price is accurate, the dry bulk market could see significant upside in the coming weeks, as $100 would represent a significant discount to current spot prices.
"With more stability and increased visibility into iron ore pricing, the dry bulk market can begin to better reflect the stronger environment across the global industrial complex", Nokta said. He expects rates for capesize vessels to increase by 18% this year at $45,000/day.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 15 January 11
SUPRAMAX VESSELS FIXED AROUND $ 8K FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The BDI continues to drop and has touched below 1,500 points with the cape index severely affected with the index touching 1,595 poin ...
Saturday, 15 January 11
MAKE SACRIFICES TO SAVE PLN, INDONESIA GOVT BEGS MINERS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Darwin Zahedi Saleh, Indonesia's minister of energy and mineral resources, on Friday appealed to local coal compan ...
Saturday, 15 January 11
RISING PRICES, GOVERNMENT DECREE LEAVE PLN AT LOGGERHEADS WITH COAL FIRMS - THE JAKARTA GLOBE
The Jakarta Globe reported that, As coal prices continue to increase, state utility Perusahaan Listrik Negara faces problems in securing enough coal ...
Thursday, 13 January 11
SURGING COAL PRICES UNDERMINE PLN'S EFFICIENCY PROGRAM - THE JAKARTA POST
The Jakarta Post reported that, The soaring global coal prices are undermining state electricity company PT PLN's pledge to improve its operational ...
Thursday, 13 January 11
SPML INFRA TO DOUBLE INDONESIA COAL MINE OUTPUT IN TWO YEARS - DNA INDIA
DNA India reported that, Kolkata-based infrastructure company SPML Infra, formerly Subhash Projects & Marketing Ltd, will in two years nearly do ...
|
|
|
Showing 5426 to 5430 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Planning Commission, India
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- White Energy Company Limited
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- PTC India Limited - India
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
|
| |
| |
|
