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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, 01 April 10
PROFIT AT TWO INDONESIAN COAL MINERS SOARS AS RECOVERY STIRS GREATER DEMAND, HIGHER PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Two of the country’s biggest coal producers enjoyed a surge in profit last year as prices rose and demand pic ...
Thursday, 01 April 10
BHP BILLITON TO SELL STAKE IN MARUWAI TO ADARO - THE JAKARTA POST
The Jakarta Posted reported that, BHP Billiton has agreed to sell 25 percent of its stake in the Maruwai Coal Project in Kalimantan to Indonesia&rsq ...
Thursday, 01 April 10
AUSTRALIAN COAL PRODUCER REJECTS $3 BILLION PEABODY OFFER - STL TODAY
STL today reported that, Australian coal producer Macarthur Coal Ltd. rejected a $3 billion cash takeover bid from Peabody Energy Corp., which seeks ...
Thursday, 01 April 10
TATA POWER EYES MORE COAL FROM INDONESIA FOR ITS FUTURE PLANTS - FINANCIAL EXPRESS
Financial Expressreported that, Tata Power, one of the largest private sector power utilities in the country with interests in generation, transmiss ...
Wednesday, 31 March 10
COAL INDIA MULLS JOINT VENTURE WITH RIO TINTO AND PEABODY - DNA
DNA reported that, Coal India Ltd. (CIL) has finalised two key contenders for its international joint venture (JV) in Australian and US each. The co ...
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- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- PTC India Limited - India
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
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