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.
|
|
Tuesday, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
Monday, 12 April 10
INDIA'S NALCO TO INVEST BIG IN INDONESIA'S ALUMINIUM PROJECT - BERNAMA
Bernama reported that, India's state- owned National Aluminium Company Ltd (Nalco) is to pump in massive investment to set up a aluminium smelter a ...
|
|
|
Showing 5886 to 5890 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Minerals Council of Australia
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- The University of Queensland
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
|
| |
| |
|
