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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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Friday, 16 April 10
KRISHNAPATNAM PORT IS IRONING ITS WAY INTO RECORD BOOKS
COALspot.com: Krishnapatnam Port achieved a new benchmark by loading 60,021 MT of Iron Ore fines in just 24 hrs surpassing its previous record of 54 ...
Friday, 16 April 10
RBCT COAL DISPUTE RESOLVED - MININGMX
Miningmx reported that, the long-simmering spat over the coal allocation for producers who will use the expanded facilities at Richards Bay Coal Ter ...
Friday, 16 April 10
COAL INDIA SELECTS MERCHANT BANKERS TO ACQUIRE OVERSEAS ASSETS -THE HINDU
An investment of about $1.8 billion is expected to be made in these deals
The Hindu reported that, Bank of America-Merill Lynch, Royal Bank of Sc ...
Thursday, 15 April 10
MAJOR THERMAL COAL CONTRACT AT 40% HIGHER PRICE THAN LAST YEAR - BUSINESS STANDARD
Business-Standard reported that, India is expected to import nearly 60 million tonnes of thermal coal this year.
After coking coal and iron ...
Thursday, 15 April 10
RICHARDS BAY ROUNDS BACK TO INDIA SUPRAS WERE FIXED AT MID 20'S
Handy
The BSI remains in a positive momentum and the Atlantic remains unchanged from last week. Fronthaul grain is active which is keeping ballast ...
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Showing 5881 to 5885 news of total 6871 |
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- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Australian Coal Association
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
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