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.
|
|
Monday, 05 April 10
RI TO SET REFERENCE FOR COMMODITIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia is set to help establish global reference prices for mining and agricultural commodities, with the establi ...
Monday, 05 April 10
MARCO POLO MARINE SECURES US$20 MILLION 4-YEAR COAL TRANSSHIPMENT CONTRACT
COALspot.com: Accordign to Mraco Polo Marine website, Singapore Exchange Mainboard-listed Marco Polo Marine Ltd, a growing integrated marine logisti ...
Saturday, 03 April 10
SHIPS OPENING FAREAST CONTINUE TO BE STRUGGLING FOR CARGOES - VISTAAR
COALspot.com: The dry bulk freight market continues to be under pressure and all the indices were down this week except for Cape size index which wa ...
Friday, 02 April 10
XSTRATA RAISES BENCHMARK COAL PRICE AS MUCH AS 40% - BLOOMBERG
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used for power, raised benchmark prices for the fuel to an unidenti ...
Thursday, 01 April 10
OWNERS WERE STILL BULLISH ON SHORT PERIOD NUMBERS, BUT CHARTERERS IN GENERAL WERE NOT READY TO PAY - BRS
SUPRA / HANDY
After several weeks of a rising market, the BSI lost 9% last week to close on Friday at US$ 27,677 per day for the TC routes. ...
|
|
|
Showing 5901 to 5905 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- VISA Power Limited - India
- Anglo American - United Kingdom
- Australian Coal Association
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
|
| |
| |
|
