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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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Tuesday, 09 November 10
NOBLE GROUP APPOINTED AS THE EXCLUSIVE MARKETING AGENT FOR PT. BERAU COAL
COALspot.com: Noble Group Limited has recently been appointed as the exclusive marketing agent for PT. Berau Coal production exported to internation ...
Monday, 08 November 10
INDONESIAN HBA HAS INCREASED TO $ 95.51 PER TON FOR NOVEMBER LOADING
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Sunday, 07 November 10
THE SUPRAMAX INDEX IN THE FAR EAST CONTINUED TO BE UNDER PRESSURE - CAPT. REDDY
COALspot.com: The freight market continued to remain soft and all segments were down by almost about 6 pct.
The BDI and Cape Size index was down ...
Saturday, 06 November 10
DRY BULK MARKET LACKING SUPPORT TO SUSTAIN CURRENT LEVELS, BUT PANAMAX OWNERS ARE MORE FORTUNATE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Posting its fifth straight losing session, the dry bulk market benchmark, the BDI (Baltic Dry Index) was down yesterday by another 1.26% to 2510 poi ...
Friday, 05 November 10
RI COAL EXPORT PROSPECTS STILL BRIGHT - THE JAKARTA POST
The Jakarta Post reported that, Indonesia, already the world’s largest exporter of seaborne thermal coal since 2005, will continue to be a maj ...
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- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- White Energy Company Limited
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- CNBM International Corporation - China
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- The University of Queensland
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Mintek Dendrill Indonesia
- Planning Commission, India
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
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