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Tuesday, 04 May 10
DRY BULK MARKET SOFTENING AGAIN ON LACK OF DIRECTION
 The dry bulk market has put on the brakes once again, after the last session of the Baltic Dry Index ended at 3,354 points, down 5 from the previous day. The capesize segment lost 62 points to reach 3,936, while the smaller panamax market gained 9 points to reach 3,900. Still, the irregularity observed during the previous weeks, when a panamax vessel could command higher fees than a comparative capesize has been eradicated after last week’s rally.
Still, in just one week the cape market has regained most of the ground lost since mid March, with the BCI closing on Friday at 3,936 points (+698 or +21.6% week on week) said Barry Rogliano Salles in a latest report. “This surge has been achieved on the back of short tonnage lists in the Atlantic and a rush for fixing before the Chinese/ Japanese holidays. However, the enthusiasm went a little down on Friday’s little downward correction. There was some increased period activity for one year duration, done in the mid 30s level, up from the low 30s of the previous weeks” said the report.
Summarizing the latest developments affecting the dry bulk market, BRS said that the project supported by the Australian Government to raise a so-called “resource rent tax” has come as a shock for the iron ore miners. Apart from the immediate reaction of the stock exchanges towards mining shares, the miners themselves have warned authorities that this tax (if implemented) could freeze a big share of their development projects.
“Analysts already predict that this tax could prevent some M&A initiatives to go further and decide some foreign investors to revise their plans. At the same time in China the CISA has called for a tax cut on domestic mining and a development of local supply. On the iron ore market, most players seem to be bearish about price evolution and wait-and-see attitude prevails for the moment. Lack of clear direction has also been the case for dry bulk shipping markets where despite a rate hike for Capes over the last 5 trading days, the week ended on a softer note.
Rumors have started circulating about a merger project by Glencore with Xstrata (of which they already won 34%) which could rocket the group to the top of the world commodity players’ ranking. No comments have so far been obtained from the two groups but according to analysts this project could be a key part of Glencore wider restructuring plan” said the shipbroker.
Still, in a recent report by N.Cotzias Shipping Group, we had noted that capes could very well be in for a run. “The fundamentals tell us that the Steel demand in China that leads the Iron]Ore Demand/Supply “tug of war” is there strong, and although China has reduced its iron ore imports from India due to an increase in excise duty and low grade imports into the country, overall trade has picked up, causing BDI to remain steadily in the range of 3k.
The past 2-3 weeks we have seen the Chinese Iron/Ore importers with the backing of the CISA, to be playing a nerve racking tactical cold war game with the giant Miners and Iron/Ore exporters. We strongly believe it is time that the flow returns to the normal levels and this "artificial" scarcity and shortage in the demand that was triggered partly as a boycott threat, cum pressure, will be resolved soon.
It is not a common secret after IMF released last week the latest word growth figures, that China's GDP growth estimate for 2010 is in double figures of 10%, and recent trade figures show that the improrts of Iron/Ore will exceed in volume those of 2009 by 7%” reaffirmed the report.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 23 July 12
NTPC INVITES BIDS FOR 2.6 MILLION TONS OF LOW MOISTURE IMPORTED COAL
COALspot.com - India’s largest electricity generator, NTPC Limited, incorporated in 1975 as a public sector company wholly owned by Government ...
Sunday, 22 July 12
NEW CHAIRMAN FOR AUSTRALIAN COAL ASSOCIATION
The Australian Coal Association (ACA) announced that Mr Ross Willims has been appointed as its new independent Chairman effective November 5 2012. M ...
Sunday, 22 July 12
CENTRAL KALIMANTAN COAL RAILWAY NETWORK WILL BE BUILT BY 2015 - THE BORNEO POST
The borneo post reported that, a declaration to build a coal railway network is signed today (12/07/2012) in front of the Indonesian Vice President ...
Sunday, 22 July 12
COAL PRICES IN MIXED TRENDS; STOCKS REMAIN HIGH AT BOTH ENDS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery fell 0.99 percent on last Friday closing (d-o-d) and 1.19 percent com ...
Sunday, 22 July 12
TATA POWER SIGNS A LONG TERM COAL SUPPLY AGREEMENT WITH PT ANTANG GUNUNG MERATUS, INDONESIA
COALspot.com - Tata Power, India’s largest integrated power utility, last Friday announced that it has signed a long term coal suppl ...
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- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Aditya Birla Group - India
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
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