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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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Saturday, 06 February 10
COAL MINISTRY SEEKS CUT IN IMPORT DUTY
The coal ministry wants the finance ministry to reduce the 5.1% import duty on thermal coal and continue with the existing zero import duty on cokin ...
Friday, 05 February 10
IN 2010, CHINA COAL OUTPUT TO REACH AROUND 3.3BLN T
It is expected that China's coal production in 2010 will reach around 3.3bln tons. It is predicted that in the first quarter of 2010, the tight coa ...
Thursday, 04 February 10
INDIA REMAINS FIRM - FEARNRESEARCH
CHARTERING - DRY BULK
Handy
The BSI has continued it´s downward movement for 2 weeks now.Nevertheless activity in the atlantic remains bu ...
Thursday, 04 February 10
INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
IPFA TO JOIN INF ...
Thursday, 04 February 10
INDIA`S APPETITE FOR COAL EXPECTED TO RISE SHARPLY
Coal powers more than half of India's electricity plants and demand for the commodity is expected to rise sharply as the third-largest Asian econom ...
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- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
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