We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 07 February 12
DRY BULK MARKET FINALLY STOPS DECLINE, POSTS FIRST RISE IN MORE THAN A MONTH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After falling to near record lows, not seen since the mid-80s the dry bulk market has finally stopped its path to "hell", with the industr ...
Saturday, 04 February 12
SUPRAMAX DELIVERY SOUTH CHINA FOR TRIPS VIA INDONESIA WERE REPORTED AROUND $ 6,000 PER DAY - VISTAAR
COALspot.com - The markets continued to soften which dropped by almost 11 pct and BDI closing at 647 points.
The drop in BDI was mainly due to dr ...
Thursday, 02 February 12
NO RELIEF YET FOR DRY BULK SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although at the start of 2012 nobody can claim that the global seaborne trade has suddenly come to a halt, quite the contrary, it seems that the dry ...
Wednesday, 01 February 12
KRISHNAPATNAM PORT - GOING DEEP TO SOAR HIGH
COALspot.com - Krishnapatnam Port now rightfully claims as the deepest draft port in India, as it has started accepting vessels with maximum permiss ...
Wednesday, 01 February 12
IN JAMBI, MOST MINING COMPANIES LACK 'CLEAR-AND-CLEAN' PERMITS - JP
More than three-quarters of the 386 mining companies in Jambi lack “clear-and-clean” certifications from the government, according to an ...
|
|
|
Showing 4861 to 4865 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
|
| |
| |
|
