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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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- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- The University of Queensland
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
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