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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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Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...
Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...
Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedant ...
Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, a ...
Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the c ...
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- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- The University of Queensland
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Marubeni Corporation - India
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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