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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 $45,000/day.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 20 November 09
INDONESIAN CO PLANS JV WITH NAGARJUNA
Economic Times reported that, Infrastructure firm Nagarjuna Constructions Company (NCC) is set to form a joint venture with an Indonesian coal minin ...
Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price ...
Thursday, 19 November 09
SNAPSHOT OF INDONESIA'S COAL INDUSTRY - FACT BOX BY REUTERS
Indonesian plans to cap coal exports to meet domestic demand will not hit global supplies in the near term, but could start to bite in three to five ...
Thursday, 19 November 09
INDONESIA COAL EXPORTS CURB WILL TAKE TIME TO BITE
Indonesia's plans to cap coal exports to satisfy demand at home are unlikely to crimp global supplies for as long as five years, when new power pla ...
Thursday, 19 November 09
THE GOVERNMENT TO GUARANTEE COAL SUPPLIES FOR POWER PLANTS
The government guarantees coal supplies for power plants under a 10,000 MW-capacity power plant construction acceleration program.
Minister of En ...
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- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Planning Commission, India
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
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