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Wednesday, 11 August 10
CAPESIZE MARKET ON RECOVERY MODE
 The dry bulk market, usually dormant in August, has returned on a high note this week, after last week’s gains. Monday proved to be rather buoyant with the industry’s main benchmark, the Baltic Dry Index (BDI) rising by a more than impressive 4.14 percent, or 84 points, to 2,114 points, mainly as a result of renewed capesize cargo demand. The relative Baltic Capesize Index (BCI) jumped by 13.26 percent, with average daily earnings now standing at $21,298 a day, up from this year’s lows of under $10,000 a day, noted a few weeks ago. As a result, the capesize segment has once again returned to normal, standing above the panamax market. According to Jeffrey Landsberg, senior analyst with Commodore Research & Consultancy, spot Indian iron ore with a 63.5% iron content is now selling for approximately $135/ton FOB, an increase of $9 (7%) from just a few days ago. The rapid increase in price reflects the impact of the Kamataka iron ore ban, as well as moderate demand from China. In addition, four fixtures were reported Monday to load cargo from the US Gulf, a large amount for a single day of chartering activity. Two of the fixtures were specifically designated to export wheat to Europe. Going forward, European wheat importers are likely to purchase more wheat from the United States in order to compensate for the Russian wheat export ban which will begin on August 15”, Landsberg said.
In a separate analysis, the latest weekly report from Barry Rogliano Salles (BRS), said that capesize rates posted another double digit increase this wek. “West Australia to China rose above US$7.50, while Brazil-China was being done at index levels. In the paper market, 4Q 2010 put on around US$800 Friday to Friday to reach US$29,000/day. Overall owners were more upbeat at the end of the week and a 290 point jump in the BCI on Monday confirmed the new more positive outlook. With the time charter average finishing the week at US$18,400, Cape earnings are finally back above the Supramaxes, though not yet above the Panamaxes” the broker said.
Meanwhile, Commodore’s report mentioned that dry bulk cargo demand increased moderately last week, with ore fixtures witnessing a significant increase. A larger amount of capesize vessels were chartered to haul iron ore from Australia and Brazil partially due to the ongoing export ban in Kamataka India. 23 iron ore fixtures were reported, an increase from only 13 iron ore fixtures reported during the previous week. 17 of last week’s iron ore fixtures were for capesize vessels, an increase from 10 capesize ore fixtures reported during the previous week. The overall amount of iron ore fixtures increased dramatically, however, and with spot ore prices continuing to rise and Chinese iron ore port stockpiles down from a week ago, Chinese iron ore demand appears firm. Stockpiles of iron ore at Chinese ports are still at near record levels, though, and Chinese steel prices have not increased by a large enough amount yet to warrant great optimism.
Asian thermal coal demand remains strong but has cooled from more robust levels of demand seen earlier this summer. Grain demand remains firm but fixtures loading grain from South America have declined noticeably from a week ago. Russian wheat exports will likely be banned in the upcoming weeks. American wheat exports from the US Gulf already appear to be on the rise. Market sentiment remains relatively firm evident by the moderate amount of period deals continuing to be conducted in the market. Most of the period deals have been completed for periods between three to six months” Commodore said.
Commenting, on the state of the iron ore market after Kamataka’s ban, it said that Chinese iron ore buyers have already started to purchase a larger amount of Brazilian and Australian iron ore which is lending support to capesize freight rates. Indian iron ore is normally exported with panamax and supramax vessels (due to draft limitations that restrict capesize vessels from loading at many Indian ports). A prolonged export ban will likely reduce the amount of panamax and supramax vessels that are chartered to haul ore from India, and will likely lead to an increase in Capes chartered to haul ore from Australia and Brazil. If more ore is exported from Brazil, which is likely if the ban remains intact, capesize freight rates would receive additional support due to the longhaul nature of Brazil-China seaborne trade.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 07 May 13
NEWCASTLE PORT'S COAL EXPORTS HOLD STEADY WEEK ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,975,160 tons of thermal and coking coal for week ended 0700 hours 6 May 2013, Newcastl ...
Monday, 06 May 13
INDONESIAN COAL PRICE REFERENCE FALLS CONTINUE
COALspot.com - The Indonesian government’s declared coal bench mark price has lost $ 3.23 / MT in May 2013.
The monthly coal pr ...
Sunday, 05 May 13
SUB-BIT FOB INDONESIA COAL - MIXED TREND; API 8 CFR SOUTH CHINA COAL - POSITIVE TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average June 2013 delivery has gained 0.28 percent and API 8 CFR South China Coal shipment&nb ...
Saturday, 04 May 13
INDONESIA TO INDIA PANAMAX FREIGHT : FLAT TO SOFT - CAPT. REDDY
COALspot.com - The demand for iron ore picked up and its pushed up the cape size index by 7.86 pct. Cape index closed at 1,344 points. The BDI ...
Friday, 03 May 13
US PRODUCED 17.9 MILLION SHORT TONS (MMST) OF COAL IN A WEEK
COALspot.com - U.S. produced totaled approximately 17.9 million short tons (mmst) in a week (For the week ended April 27, 2013), EIA said in its lat ...
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- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- The University of Queensland
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
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