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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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Monday, 20 April 09
PT PAMAPERSADA SEES ITS REVENUE TO CLIMB BY 20% IN 2009 - STEELGURU
PT Pamapersada Nusantara, a unit of Indonesia's PT United Tractors, said that its 2009 profit will be similar to last year, even as it forecasts re ...
Monday, 20 April 09
NIPPON STEEL SEMI-SOFT COAL PRICE SAID TO DROP 67% - BLOOMBERG
Nippon Steel Corp., Japan’s largest mill, will pay up to 67 percent less for semi-soft coking coal this fiscal year, two industry executives w ...
Monday, 20 April 09
INTERNATIONAL INVESTORS SEEK TO SELL ADARO STAKES - MONEY.CNN
Some international investors in PT Adaro Energy ( ADRO.JK) have approached other companies to sell around a combined 17% stake in the coal miner via ...
Friday, 17 April 09
BHATIA COAL INDIA, VITOL IN DISPUTE - COAL JUNCTION
Bhatia Coal India, a subsidiary of the Bhatia International Group, terminated a coal supply contract with traders Vitol and has initiated arbitratio ...
Friday, 17 April 09
JSW TO BUY THERMAL COAL MINE IN AFRICA
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million tons, to min ...
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Showing 6806 to 6810 news of total 6871 |
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- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Planning Commission, India
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
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