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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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Saturday, 25 September 10
INDONESIA HAS EXPORTED 187.656 MILLION TONNES OF COAL IN EIGHT MONTHS
COALspot.com: Indonesia, the world largest coal exporter has exported 187.656 million tons of coal for the period January – August this ...
Saturday, 25 September 10
PRESSURE ON S6 AND S7 ROUTES SEEMS TO BE CONTINUED NEXT WEEK CAPT. REDDY
COALspot.com: The freight market has been flat this week due to holidays in China and low activity saw all sectors down and soft.
The BDI was dow ...
Thursday, 23 September 10
CHURCHILL MINING SHARES JUMP ON EAST KUTAI COAL PROJECT FEASIBILITY RESULTS - STOCKOPEDIA
AIM listed mining group Churchill Mining (LON:CHL) and its Indonesian partners the Ridlatama Group, have completed a feasibility study on the 2.73bn ...
Thursday, 23 September 10
DRY BULK RATES EXPECTEDLY FALL TO ONE MONTH LOWS - HELLENIC SHIPPING
With of the Far East trade routes closed this week on various national holidays, demand for ocean transportation of raw materials has been significa ...
Wednesday, 22 September 10
INDIA TO BE BIGGEST BUYER OF INDONESIAN COAL BY 2011 - BUSINESS STANDARD
India will pass Japan to be the biggest buyer of Indonesian coal by 2011, said Bob Kamandanu, chairman of the Indonesian Coal Mining Association.
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- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Planning Commission, India
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
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