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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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Tuesday, 08 September 09
INDONESIA OFFERS AN OPPORTUNITY TO INDIANS
Meri News reported that, Indonesia is all set to launch the country's second 10,000 MW accelerated power expansion programme. The new power develop ...
Tuesday, 08 September 09
BUKIT ASAM AIMS 14 MLN TONS COAL PRODUCTION
VIVA News reported that, The rise in coal production is mainly triggered by the step-up in domestic demand.
Coal mining company PT Tambang Batuba ...
Tuesday, 08 September 09
MERCHANT BANKERS ADVISE CIL ON INDONESIAN MINE BUYS
Business Standard reported that, State-owned Coal India Ltd (CIL) is being advised by four to five merchant bankers on acquisition of coal assets in ...
Tuesday, 08 September 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 - PRESS RELEASE
The 3rd Asia Pacific Coal Trading & Investment Outlook 2009
Analysis of Asia Coal Market amid Global Financial Crisis
COALspot.com(Chin ...
Tuesday, 08 September 09
SOUTH AFRICAN COAL EXPORTS MAY RISE ON SALES TO INDIA
Bloomberg reported that, South African coal exports may rise to 100 million metric tons a year by 2020 and India may become the biggest destination ...
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- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- The University of Queensland
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
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