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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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Thursday, 22 April 10
INDONESIAN COAL PRICE REFERENCE FOR MARCH 2010 - US$ 86.64/T
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has begun publishing a monthly coal price reference (HBA) to be use ...
Thursday, 22 April 10
NEED TO IMPORT 82 MT COAL IN FISCAL - INDIA COAL MIN
Indian Express reported that, anxious to bridge the ever-widening gap between the rising demand for coal and its inadequate supply, the Coal Ministr ...
Thursday, 22 April 10
DRY CARGO DEMAND EXPECTED TO INCREASE, FAVORING HIGHER FREIGHT RATES
Increased dry bulk cargo demand is expected to become the norm in the coming weeks and months, according to analysts, which in turn should sustain f ...
Thursday, 22 April 10
INDIA'S BORL SEEKS TO BUY INDONESIAS LOW - SULFUR COAL
COALspot.com: Bharat Oman Refineries Ltd, a joint venture company (promoted by Bharat Petroleum Corporation Ltd, India and Oman Oil Company Lt ...
Wednesday, 21 April 10
INDONESIA SHIPPED 13.24 PERCENT MORE COAL IN MARCH THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 27,615,191 MT of coal in March 2010, compare to 24.38 million tons in January and ...
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- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Planning Commission, India
- Gujarat Sidhee Cement - India
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