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Thursday, 27 May 10
DRY BULK RATES REACH 2010 HIGHS, BUT FUTURE REMAINS UNCERTAIN
 This week is proving to be a milestone for the dry bulk market, as the Baltic Dry Index has propelled itself at never before seen levels for 2010. Yesterday, the BDI edged up even higher at 4,209 (+ 22 points on a daily basis), with the Capesize market segment once again leading the pack, as all other ship types demonstrated deflationary trends. Still, after the impressive increase of Tuesday, yesterday proved a rather moderate session, with few fluctuations, in what could be a sign that charterers have tested their strength and aren’t willing to push the market any further. Thus, some market correction could be in store in the following days.
In yesterday’s weekly report, Fearnley’s said that capesize rates went through the roof. “Early this week, FFA values for June were USD 51,500 vs. mid last week USD 37,000, one of the main drivers for the physical market. The freight for Australia round voyage jumped from USD 12.1 last week to USD 14.2 mid this week, Tubarao Qingdao from USD 29.9 to 34.4! Although some talks about the market appearing more toppish now - nobody dares to say we are presently on the top. It is also interesting to note last year’s jump around this time, the 21st of May the index was USD 40,000 vs. USD 93,000 the 3rd of June”.
Commenting on a lackluster panamax segment, the shipbroker said that “as expected and despite the strong re bounce in the Cape segment, the Panamax market gradually lost some of its momentum over the last few days. In the Atlantic prompt Continent positions are still able to secure very healthy numbers in the mid/upper 40´s, whereas Charterers with June requirements may not be so tight on tonnage. Front haul typically in the mid/high 40´s range apart from spot trips via Aden as a Baltic-India buiz done at 60K. The Pacific market has consolidated around the low 30.000 level for NOPAC and ECSA rounds. The period market is still fairly active indicating the market may believe the downside is limited” said Fearnley’s.
In a market comment released this week, Jeffrey Landsberg of Commodore Research said that he remains cautious for what is in store for the future and there is valid concern that freight rates may come under great pressure in the second half of the year. “With that in mind, though, we continue to take things one step at a time, as there will continue to be opportunities to benefit from changes in short-term market dynamics, as we have seen in the dry bulk equity, FFA, and physical markets in the last few weeks”. According to Commodore’s analysis, approximately 100 capesize vessels were delivered in 2009, about 66% of what was expected to be delivered back in July 2008. “Capesize freight rates averaged approximately $43,000 in 2009. This year, approximately 45 Capes were delivered in the first quarter of this year with more delivered each week. On an annualized basis that's 180 Cape deliveries for 2010. At the time of writing, however, Capesize freight rates are averaging $48,248/day - well above operating costs and historically a very robust rate” said Landsberg.
In the short-term though, Chinese demand for thermal coal is expected to remain robust as China enters peak summer demand season and the economy continues to expand at a rapid pace. In addition, the commencement of Indian monsoon season will result in China needing to import more iron ore from Australia and Brazil which will lend additional support to Capesize freight rates. A decrease in Indian iron ore exports, which are normally carried on Supramax and Panamax vessels, will be partially offset by an increase in Chinese grain imports. Overall, dry bulk cargo demand is in a bit of a lull, but thermal coal and grain demand remain robust and iron ore demand is still firm.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 24 February 11
DRY BULK MARKET KEEPS LOSING GROUND, CAPESIZES SUFFERING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground yesterday, as the industry’s benchmark, the Baltic Dry Index was rapidly falling, ending the session d ...
Thursday, 24 February 11
SUPRAS ARE FIXED AT CLOSE TO 10K FOR TRIPS VIA INDONESIA TO INDIA WITH COAL - FEARNBULK
Handy
After a short lived surge in rates the Atlantic market has flattened out due to too many spot vessels. The USGulf has cooled down somewhat f ...
Wednesday, 23 February 11
LIMITED AVAILABILITY OF COAL COULD TRIP MEGA POWER PLANT - THE ECONOMIC TIMES
The Economic Times, an Indian leading news paper reported that, an acute shortage of domestic coal is threatening to destabilize new power generatio ...
Wednesday, 23 February 11
DRY BULK MARKET BACK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The two week rise of dry bulk freight rates seems to have come to a halt this week, with the industry’s benchmark, the Baltic Dry Index (BDI) lo ...
Wednesday, 23 February 11
INDONESIA NEEDS TO REVISE EXPORT BAN ON 5600 GAD COAL EXPORT - INDUSTRY
COALspot.com - The Indonesian government may be forced to revise its 2014 timeline for the proposed ban on all low quality coal exports, Patrick Han ...
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Showing 5366 to 5370 news of total 6871 |
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- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
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