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Saturday, 17 April 10
DRY BULK MARKET EDGES HIGHER ON STRONGER DEMAND
.jpg) The dry bulk market managed to inch higher by the end of the week as brokers indicated that stronger cargo demand pushed freight rates that much higher. The Baltic Dry Index move forward to surpass the 3,000-point once again and end the week at 3,009 points. According to Weberseas’ latest weekly report “improving rates are pushing the indices upwards albeit at a steadier pace. All the market indices have finished the week positively with increases between 1-4%” said the report.
It further added that no doubt there is solid demand from China and coupled with the continued congestion around the world's main loading/discharging ports we are seeing a supply/demand imbalance. “Worldwide congestion currently stands at around 31 million deadweight. Australia and Brazil are accounting for about one third of this. At Australia's loading ports there are 5.7 million deadweight of ships waiting (half of which are panamax bulkers with 40 odd of these ships stuck in waiting). The figure is slightly less in Brazil at 4.7 mill deadweight” said Weberseas.
As the talks continue between the Chinese steel mills and the major mining producers (BHP Billiton, Rio Tinto and Vale) more and more of the Chinese importation is done via spot fixtures from other areas with India getting the lion's share. This means that supramax and panamax bulkers are benefiting and presently experiencing strong freight numbers. Panamax bulkers seem to be benefiting the most at the moment from the congestion and we are seeing the BPI standing at a 25% premium over the BCI (4,034 and 3,071 respectively). Both the supramax and panamax segments have also been assisted by the good grain trading volumes.
But brokers remained cautious, as their primary concern is the fact that rising iron ore prices could hurt demand and hit cargo activity. Iron ore prices in Asia were rising throughout the week, continuing a rally that started last month, with high grade ores at their highest since August 2008, Reuters said in a report, adding that China has been buying Indian iron ore, shipped using supramaxes, bolstering rates on the smaller vessel market.
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.
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.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 03 June 11
DRY BULK MARKETS RESURGENCE APPEARS TO BE LOSING SOME STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s seems to be losing some steam, despite reports of growing Chinese demand for commodities, especially coal, on the back o ...
Thursday, 02 June 11
LARGE SUPRAS FOR RBCT/INDIA ROUND ARE NOW ASKING 14K - FEARNBULK
Handy
The Handy/Supra market has in general been flat and un-exciting this week. The Black Sea market is almost non existing while the US Gulf mar ...
Thursday, 02 June 11
DRY BULK SHIP OWNERS LOOKING INTO SHORTENED WEEK WITH ANXIETY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With most markets in the western world closed yesterday, as a result of Memorial Day, dry bulk stakeholders weren’t able to build over the pos ...
Monday, 30 May 11
MIANG BESAR COAL TERMINAL ON TARGET
COALspot.com - MBCT, to be largest coal terminal in Asia to start construction in Indonesia’s east Kalimantan Island in July 2011 says Mr. Joh ...
Sunday, 29 May 11
THE FREIGHT MARKET CONTINUED TO GAIN MOMENTUM - VISTAAR
COALspot.com - The freight market continued to gain momentum and the BDI, Cape Index and Panamax was by up almost 10-12 pct and on all sectors, Vist ...
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- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Planning Commission, India
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- London Commodity Brokers - England
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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