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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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Monday, 26 April 10
COAL INDIA NEARS PORT DEAL WITH VIZAG STEEL - DNA
DNA India reported that, Coal India Ltd (CIL), the country’s largest coal producer, is close to signing a deal to acquire space at Vizag Steel ...
Sunday, 25 April 10
THE WAITING AT INDIAN PORTS FOR COAL VESSELS WAS QUITE NORMAL - VISTAAR
COALspot.com: The BDI remained unchanged this week and all other sectors also the change was not much.
The cape index continued to move up and wa ...
Saturday, 24 April 10
NTPC TO BUY COAL MINES IN KAZAKHSTAN - TELEGRAPH INDIA
Telegraph India reported that, NTPC Ltd plans to acquire coal mines and operate two thermal power plants in Kazakhstan.
“We are exploring t ...
Saturday, 24 April 10
CHINA'S COAL IMPORTS DOUBLE IN MARCH
China's General Administration of Customs said that the country imported 15.22 million tons of coal last month, more than double the amount it impo ...
Friday, 23 April 10
KPCL EYES MINE IN INDONESIA - BUSINESS STANDARD
Business-Standard reported that, Karnataka Power Corporation Ltd (KPCL), the state-owned power generator, is exploring the possibility of acquiring ...
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- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- The University of Queensland
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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