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Wednesday, 19 May 10
DRY BULK FREIGHT RATES' RALLY MAY BE SET TO END
 The Baltic Dry Index (BDI) has rallied these past couple of weeks, almost touching the 4,000 point mark. But this positive development for dry bulk ship owners could soon be coming to an end, according to market analysts. Yesterday, the BDI ended down by 40 points to 3,882, with the Capesize segment registering heavy losses, which brought the Baltic Capesize Index (BDI), once again almost on par with the smalle panamax market (4,513 points versus 4,504 points).
During the course of the previous week, Chinese ore and Asian coal demand remained particularly firm, thus pushing capesize rates up by 14% week-on-week. In the first two weeks of May, capesize rates rose by a rather impressive 29% or $11,320. Still, according to the latest weekly report by Commodore Research & Consultancy, "freight rates for all vessels may be poised to decrease moderately in the near-term, as dry bulk commodity prices have fallen across the board and Chinese stockpiles have increased.
Overall dry bulk cargo demand is still expected to remain robust during the summer, however, and the market will likely only experience a brief lull in spot chartering activity. 20 vessels were reportedly fixed to carry iron ore last week, 7 less than the previous week. After a brief lull in spot chartering activity, we expect cargo demand to rebound due to Northern Hemisphere peak summer coal demand and an increase in Chinese corn and soybean imports. We also expect Chinese steel production to remain firm throughout the summer" said the report.
It mentions that capesize rates may be poised to full further this week, as spot iron ore and Chinese steel prices begin to show weakness. "In addition, stockpiles of iron ore and thermal coal in China have begun to increase, which might put additional pressure on the entire dry bulk market in the near-term. Thermal coal demand in China and throughout much of Asia is expected to remain robust, however, as the Northern Hemisphere summer peak demand season results in greater electricity consumption. Asian and European steel production is also expected to maintain healthy levels, as the global economy continues to emerge from recession.
Only a brief lull in spot chartering activity is expected, and dry bulk commodity demand is expected to return to robust levels within a few weeks.
In the upcoming weeks, dry bulk freight rates will likely come under pressure due to the decline in dry bulk commodity prices coinciding with growing iron ore and thermal coal stockpiles.
After a temporary lull in spot chartering activity, dry bulk demand and freight rates will likely find renewed support due to various developments (including an expected surge in long-haul Chinese corn and soybean imports and steady Chinese coastal freight rates) which are discussed in the remainder of this report. Firm period chartering activity also suggests that the market expects dry bulk cargo demand to increase in a few weeks Dry bulk freight rates increased across the board last week - but spot chartering activity was relatively low and freight rates were moderately supported by robust levels of period chartering activity" Commodore said.
Chinese iron ore port stockpiles now total about 69.61 million tons, 1.26mt (2%) more than the previous week. Stockpiles have now increased for five consecutive weeks and are approaching this year's peak of 71.17mt, which was reached in early March.
At the same time, Indian iron ore fixtues decreased noticeably last week, continuing the trend of sporadic Indian ore fixture activity - resulting from the Indian government continuing to investigate and restrict illegal mining and railing of ore from Orissa.
The same amount of Brazilian and Australian iron ore fixtures were reported in market compared with the previous week. Going forward, Chinese iron ore demand might decline in the immediate shortterm due to rising ore stockpiles and declining steel prices.
After a possible brief pause in steady iron ore imports, Chinese demand is expected to return to firm levels. Indian ore fixtures will likely stay at low levels beginning in June when India's monsoon season begins. At that time, most of China's ore will come from Brazil and Australia, concluded the analysis.
Source: Nikos Roussanoglou, Hellenic Shipping
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Saturday, 14 August 10
INDONESIAN THERMAL COAL PRICES EXPECTED TO MOVE UP IN SEPTEMBER 2010 - CHAIRMAN ICMA
COALspot.com: Indonesian Coal Mining Association is expecting, the Indonesian and international coal prices will increase, and will be reached ...
Thursday, 12 August 10
ETA STAR INDIA PUTS FORWARD COAL MINING PLAN FOR TETE, MOZAMBIQUE, IN 2011
ETA Star India Projects Pvt, which is carrying out coal prospecting and surveying work in the Moatize coal region, in Tete province, will present it ...
Thursday, 12 August 10
SUPRAS WERE FIXED IN THE MID/HIGH TEENS FOR INDO-INDIA TRIPS - FEARNBULK
Handy
Activity is gradually picking up in the Atlantic with more enquiries seen for short period tonnage for the end of August. With the grain sea ...
Thursday, 12 August 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 94.86 FOR AUGUST 2010 SUPPLIES
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Wednesday, 11 August 10
BRAZILIAN GIANT VALE LOOKING TO BOOST ITS COAL OUTPUT
BRAZILIAN mining giant Vale is not content with being the world's largest iron ore miner. The miner is banking on ambitious growth plans to see it ...
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- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Planning Commission, India
- The University of Queensland
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Parliament of New Zealand
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