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Thursday, 05 August 10
DRY BULK LOOKING TO CHINA FOR A NEW RALLY, BUT INDIA COULD BE THIS YEAR'S SURPRISE
 The dry bulk market’s rebound has hit a “wall” this week, with the industry’s benchmark, the BDI (Baltic Dry Index) ending its 12-day upwards momentum, retreating marginally both on Tuesday and yesterday. The BDI now stands at 1,957 points, down by 7 points or 0.36 percent on a daily basis. Even the panamax segment which had behaved in a healthier manner during these past couple of weeks didn’t manage to edge away, losing yesterday 2.18 percent, with daily average rates for panamax vessels standing at $20,947. On the bright side, the capesize market which had plunged to near break-even levels, below the $10,000 daily mark, continued its positive momentum , rising yesterday by 2.48 percent, with rates now standing at $15,369.
Commenting on the capesize market, the latest weekly report from shipbroker Fearnley’s said that “any enthusiasm visible in the market at the end of last week was washed away as this week opened. The marginal improvements in the Pacific quickly evaporated and fixtures were being concluded in the mid USD 6.00 level after a high of USD 7.00. The front haul activity also was thin, with no fixtures reported until today and a number of early vessels have been fixed at Index levels. This has given the market some faith back and the most recent fixture in the West Australia/China leg is now back at USD 7. 00, and owners also feeling more confident on the front haul leg. Having said this there are still ballasters showing prompt ETAs in Brazil, with little hope of spot cargos becoming available. The week has been quiet on the period front with no fixtures reported”.
Regarding the panamax market, Fearnley’s noted that last week ended quiet, howewer the trend was slowly upwards in both basins. “Atlantic showed more activity and some charterers even struggled to cover prompt requirements. Whilst in Pacific more tonnage coming prompt with limited cargoes to support, looks more uncertain. Owners want to return to Atlantic as activity looks better on short term there. Front haul voyages fixed at USD 31,000 + while TAs reached almost USD 23,000. Pacific rounds under pressure this week, but still concluded around USD 18,000, wheras backhaul still at moderat USD 12,500. Short period marked in Pacific remain quite firm at levels around USD 24,500 for LME´s for 3/5-4/6 months” the broker concluded.
Meanwhile, the latest weekly report by George Moundreas said that the negative impact by the global economical developments in the dry bulk markets is manageable. “The reason for this is that tonnage demand will continue to be supported by old factors like Chinese iron ore imports, which will continue to be higher this year as well, despite any short term volatility, as well as newer factors like China’s coal imports, but most importantly India’s coal imports, which this year alone could very well increase by 250%. In a worldwide level, despite the slowdown, sea transportation of just those two commodities (coal and iron ore) is expected to increase during this year by at least 130 million tons, compared to 2009. This equates to an additional capacity of 100-120 capesize vessel” said the report, compiled by financial analyst George Grigoriadis. To certify that, Brazilian mining giant recently confirmed that the Chinese economy will accelerate its pace during the fourth quarter of the year, with an increase of steel production, while the same is likely to happen with the other major economies for the dry bulk industry, the US and the EU.
Source: Nikos Roussanoglou / Hellenic Shipping
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Friday, 15 October 10
VALUE ADDED TAX FOR COAL TO RE-INTRODUCE IN INDONESIA
COALspot.com: Indonesian government is drafting a ministerial decree to re-introduce value added tax for coal and mineral. Coalindo weekly news lett ...
Thursday, 14 October 10
COAL PRICES AT QINHUANGDAO PORT UP - CAPITALVUE
Capitalvue reported that, prices of steam coal yielding 5,500 kilocalories per kilogram (kcal/kg) in Qinhuangdao Port have risen five yuan to 715-72 ...
Thursday, 14 October 10
DRY BULK MARKET MAINTAINS POSITIVE TREND ON FIRMER CHINESE IRON ORE DEMAND
The dry bulk market has kept its upward trend set since last week, with the industry’s main benchmark, the Baltic Dry Index (BDI) rising to 2, ...
Tuesday, 12 October 10
DRY BULK MARKET LOOKING FOR DIRECTION AFTER WEEK OF CAPESIZE GROWTH
The dry bulk market ended Monday unchanged from Friday’s closing, today standing at 2,695 points. In summary, the capesize and the supramax se ...
Tuesday, 12 October 10
COAL SPOT TRADING MAY SOOTH PRICING CONFLICTS - GLOBAL TIMES
Global Times reported that, Tianjin-based Bohai Commodity Exchange launched steam coal for spot trading for the first time Monday. Steam coal is mai ...
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- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Deloitte Consulting - India
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