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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, 14 June 10
S. AFRICA BOOSTS COAL SALES TO INDIA 12%, TRADER SAYS
Bloomberg reported that, South Africa’s Richards Bay, the world’s second-biggest coal export harbor, boosted sales to India by 12 percen ...
Sunday, 13 June 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND CAPE/US$ 29000 PER DAY & PANAMAX/US$ 20500 PER DAY - VISTAAR
COALspot.com: The market continue to soften in all sectors and the most affected was cape size which was down by 16.32 pct. The BDI was down by 14.4 ...
Saturday, 12 June 10
BALTIC EXCHANGE ESTABLISHES ASIA-PACIFIC OFFICE
The London-based Baltic Exchange has today announced it is setting up an Asia-Pacific Representative Office in Singapore, to ensure closer contact w ...
Saturday, 12 June 10
NALCO TO ROPE IN PARTNERS FOR INDONESIA PROJECT
Sify reported that, the public sector National Aluminium Company (Nalco) is set to finalise the terms of its joint venture (JV) agreement with two f ...
Thursday, 10 June 10
CHARTERERS ARE NOT WILLING TO PAY THE RATES AS MARKET SLIDES
DRY BULK
Handy
Atlantic markets are quieter (Posidonia?) with less activity. Nevertheless expect some fresh enquiries f ...
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- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- The University of Queensland
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Parliament of New Zealand
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