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Thursday, 13 May 10
DRY BULK SHIP OWNERS CHEERFUL AMID MARKET RALLY
 China’s appetite for raw materials like iron ore and coal, as well as a series of added factors are boosting demand for dry bulk carriers, helping the industry’s benchmark, the Baltic Dry Index (BDI) sustain a rally during the past week. Yesterday, the BDI reached new highs at 3,888 points, up by 66, with the Capesize segment once again leading the pack. The BCI (Baltic Capesize Index) is now at 4,878, while the Panamax market also gained to reached 4,196 points.
Commenting on the capesize market, Fearnley’s latest weekly report said that it was an interesting week, with firming rates all over. “The Pacific market remains strong with a current Australia - China market in the high USD 13s. For fronthaul, rates improved to mid 30s earlier this week. These relatively strong numbers are well supported by an active short period market improving from mid 30,000s to close to mid 40,000s in one week.
The main drivers this time is as always the FFA market, along with more coal cargoes from the Atlantic to the Far East. Similarly, “the Panamax market left last week on a positive note with high activity week on week. The trend continued into this week with firming rates, giving support to the period market. It was concluded several short period fixtures and mid week it is rumored a few 10/12 months deals being concluded in the Atlantic at levels ard usd 32,500 and 28k in the Pacific. Pac rounds are fixed at usd 34k and ows asking 35k for same. Atl rounds getting high 30´s and fronthauls in the mid 40´s range. In Feb, India exported more iron ore to China than Brazil did. Monsoon season is kicking in there now so this will be limited until September” said Fearnley’s.
In the smaller ship types, the Atlantic markets remain firm, but more enquiries are expected for the dates nearer to the end of May and early June. “Supramax vessels open in USG are now achieving low 50´s to the Med and mid/high 50´s to the Far East. Handymax tonnage ex Bsea achieving high 30´s fronthaul, supras high 40´s. The immediate outlook is for flat/stable conditions.
In the FEast, despite the holidays, the market remained firm with an upward sentiment. For NoPac rounds ex N.China expect mid/high 20´s, and a tick less for Indo/India and Indo/China coal trips. Activity on WCI is slowing with the Monsoon fast approaching, WCI to China mid/high 30´s and low 30´s for trips via R.Bay.
The period market was still firm, for short period Supras trading high 20´s” said the shipbroker.
Meanwhile, as it was reported this week, China, the world's biggest buyer of iron ore, imported 55.33 million metric tons in April this year, 6.2% less than the 59 million it imported in March, according to the country's General Administration of Customs. But, in the first four months of this year, China's iron ore imports rose 11.6% year on year to 210.3 million metric tons, said customs. In 2009, China discovered 3.52 billion metric tons of proven iron ore reserves, said the Ministry of Land and Resources. Iron ore imports soared 42% to a record 628 million metric tons last year, according to an earlier report from China Knowledge.
Last month, steel product exports were 4.31 million metric tons. During the period from January to April, China's steel product exports soared 99% year on year to 13.02 million metric tons.
Dry bulk ship owners had positive trends in other sectors as well, primarily the global grain trade, which, according to Commodore’s Research analyst, Andrew Winkler, it is expected to remain firm, “although a current surge from South America will likely recede in a few weeks as the peak South American grain season comes to an end. Overall levels of grain trade will remain moderate, however, and an additional surge is expected towards the end of the third quarter - when peak Australian grain season commences. In between these two peak seasons, a moderate amount of grain will still find its way on to dry bulk vessels.
Next year, overall grain trade is expected to increase further” said Winkler.
Source: Nikos Roussanoglou, Hellenic Shipping
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Saturday, 08 May 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND PANAMAX / $ 21500 & SUPRAMAX / $ 18500 PER DAY - VISTAAR SHIPPING
COALspot.com: The BDI continued to go up and was up by 7.57 pct even though the stock markets was severely affected with worries on Greek debt crisi ...
Saturday, 08 May 10
MAHAGENCO TO IMPORT 3.35 MILLION TON OF COAL
COALspot.com: Indian utility Maharashtra State Power Generation Co. Ltd. is in market for 3.35 million tones of imported coal. The purchase of coal ...
Saturday, 08 May 10
NAPOCOR BUYS 122,000 TONS COAL - ABC CBN NEWS
ABC - CBN News reported that, State-run National Power Corp. (Napocor) said on Thursday it awarded 2 contracts for the supply of a total 122,000 ton ...
Saturday, 08 May 10
RICHARDS BAY COAL SHIPMENTS FALL TO AN 11-MONTH LOW - BLOOMBERG
Bloomberg reported that, Coal shipments from Richards Bay Coal Terminal, Africa’s biggest export facility for the fuel, fell to an 11-month lo ...
Tuesday, 04 May 10
APRIL 2010 COAL PRICE REFERENCE WAS US$ 86.58/T FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has publishing a monthly coal price reference (HBA) to be used by ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Planning Commission, India
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
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