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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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Saturday, 02 October 10
FOUR INDONESIAN COAL FIRMS KEEN TO TIE UP WITH NALCO - SIFY
Sify reported that, Four Indonesian coal companies have shown interest to tie up with public sector National Aluminium Company (Nalco) for its 4 bil ...
Friday, 01 October 10
COAL TRADERS POWER FOREIGN ASSET BUYS - ECONOMIC TIMES
Economic Times reported that, the rush to own coal assets is leading to innovative alliances. are teaming up with utilities like , Reliance Power an ...
Thursday, 30 September 10
LOW CALORIFIC VALUE COAL MAY BE SOLD BELOW COAL REFERENCE PRICE IN INDONESIA
COALspot.com: Indonesia, the world’s largest coal exporter has issued another ministerial decree to regulate the selling price of coal of Indo ...
Thursday, 30 September 10
INITIAL PHASE OF MOATIZE MINING BY EARLY NOVEMBER - ALL AFRICA
All Africa report that, the initial phase of mining coal at Moatize, in the western Mozambican province of Tete, will begin by early November, and t ...
Thursday, 30 September 10
THE PANAMAX CONTINUED ITS DOWNWARD TREND FROM LAST WEEK - FEARNBULK
HANDY
Activity remains slow this week combined with a lack of fresh enquiry and tonnage over-supply in the Atlantic. Indexes are all negative exce ...
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- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- GMR Energy Limited - India
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