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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
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Thursday, 09 September 10
INDONESIA SWAPS COAL FOR INFRASTRUCTURE - FT
As Asia’s major economies bound forward and their hunger for energy surges over the next decade, Indonesia is strategically positioned to take ...
Thursday, 09 September 10
DRY BULK MARKET IS LOOKING TO INCREASE GAINS ON OCTOBER IRON ORE CONTRACTS
The “success” story that the dry bulk market has been displaying during the past couple of weeks is being materialized as we head toward ...
Tuesday, 07 September 10
INDIA IMPORTS 1.63 MLN T OF COAL FOR THE PERIOD 30 AUGUST - 5 SEPTEMBER - SOURCES
COALspot.com: India has imported 1.07 million tons of power plant coal, 0.520 mln tons of coking coal and around 41,000 mt of Anthracite coal for th ...
Tuesday, 07 September 10
GOVERNMENT DECLARED INDONESIAN COAL PRICE REFERENCE DECLINE FOR THIRD-STRAIGHT MONTH
COALspot.com: Indonesian thermal coal price reference, a monthly benchmark price declared by Ministry of Energy and mineral resources of Repub ...
Tuesday, 07 September 10
MERCATOR TO BUY COAL MINE IN INDONESIA THIS FISCAL
Mercator Lines, India’s second-largest shipping company which has diversified into coal mining, will buy a coal mine in Indonesia with more th ...
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- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
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