We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 05 April 10
RI TO SET REFERENCE FOR COMMODITIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia is set to help establish global reference prices for mining and agricultural commodities, with the establi ...
Monday, 05 April 10
MARCO POLO MARINE SECURES US$20 MILLION 4-YEAR COAL TRANSSHIPMENT CONTRACT
COALspot.com: Accordign to Mraco Polo Marine website, Singapore Exchange Mainboard-listed Marco Polo Marine Ltd, a growing integrated marine logisti ...
Saturday, 03 April 10
SHIPS OPENING FAREAST CONTINUE TO BE STRUGGLING FOR CARGOES - VISTAAR
COALspot.com: The dry bulk freight market continues to be under pressure and all the indices were down this week except for Cape size index which wa ...
Friday, 02 April 10
XSTRATA RAISES BENCHMARK COAL PRICE AS MUCH AS 40% - BLOOMBERG
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used for power, raised benchmark prices for the fuel to an unidenti ...
Thursday, 01 April 10
OWNERS WERE STILL BULLISH ON SHORT PERIOD NUMBERS, BUT CHARTERERS IN GENERAL WERE NOT READY TO PAY - BRS
SUPRA / HANDY
After several weeks of a rising market, the BSI lost 9% last week to close on Friday at US$ 27,677 per day for the TC routes. ...
|
|
|
Showing 5901 to 5905 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- White Energy Company Limited
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
|
| |
| |
|
