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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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Monday, 23 August 10
COAL FOR FAST-TRACK PROGRAM ASSURED
Antara and the Jakarta globe reported that, the coal supply for the government’s 10,000 megawatt “fast- track” program was assured ...
Monday, 23 August 10
NOBLE RESOURCES AND PAN ASIA INK MAJOR COAL DEAL
Pan Asia Corporation Limited has, via Innovation West Pty Ltd, entered into a binding coal purchase & finance agreement with Noble Resources Pte ...
Monday, 23 August 10
THE FREIGHT MARKET IS EXPECTED TO BE FIRM FOR NEXT COUPLE OF WEEKS - VISTAAR SINGAPORE
COALspot.com: The BDI continued to rise this week by 11.67 pct with the other sectors also keeping the moment. The cape size index also was up by 11 ...
Friday, 20 August 10
JAKARTA TO HOST 9TH ASIA PACIFIC MINING CONFERENCE AND EXHIBITION IN OCTOBER
ASEAN Federation of Mining Association (AFMA), an association of mining groups in Southeast Asia, will hold the 9th Asia Pacific Mining Conference a ...
Friday, 20 August 10
OVERSEAS AND GENERAL SUBSIDIARY INKS US$52M JONGKANG COAL SALES CONTRACT - PROACTIVE INVESTORS
Proactive Investors reported that, overseas and General (ASX: OGL) has reported that its Indonesian majority owned subsidiary, PT OGL Indotrade, has ...
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- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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