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Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
 With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the dry bulk market as observed through the industry’s benchmark, the Baltic Dry Index (BDI) seems to be regaining its positive edge to rise to 2741 points, or by 28 points. For the most part, this increase was attributed to the rapid increase of the capesize segment of the market, which rose to 127 points or 3643 for the BCI (Baltic Capesize Index) In a relative weekly report, shipbroker Fearnley’s said that there was more uncertainty in the capesize market in the beginning of the week with London off and a clear lack of activity. However with everyone back in office, activity picked up and rates improved, with West Australia-China presently being done at mid usd 11 pmt and for fronthaul owners asking in the high 20s pmt with last done around usd 28. Period rates remain stable. The India business is back after monsoon period, and various operators reappearing in the market” the broker noted.
As for the Panamax market, there wasn’t a lot of business reported in the beginning of the week, for the same reasons as above. “But sentiment is rather sentiment is rather bullish across the board. Seems the increasing rates we have experienced the last couple of weeks have found its support in the FFA market. As pointed out earlier the rate increase has not had an explanation in the physical trade - but rather looking at Q4 figures in the FFA market has given ows/chrts confidence to fix short periods which in turn has helped the physical market. Grain cargoes out of USG and ECSA are starting to show themselves in the market for very end Sept and early Oct dates. The reason for the delay is that the big grain houses cvrd their first stems with all the short periods they took in some 2/3 weeks ago. Tarv getting mid 20/s lvl, Fhauls mid/low 30/s, and a Pac round low teens” Fearnley’s said.
Meanwhile, in the smaller handy segment (in terms of ship size), last week has a bullish undertone in the Atlantic, “but this was quickly put a damper on – as activity is slow this week and not much fresh enquiry. Insisting signals that a deeper recession will be hitting Europe and USA, the UK banking holiday on Monday added to the subdued tone felt this week. Indexes were all negative (except Cape) thus confirming that the momentum of the last weeks has (momentarily) stalled and we are up for volatile markets in Q4. Rates are at mid/high teens for t/a rounds on Supras (quite low) and in the 30/s for trips FEast. Outlook: stable. F.East; There is an air of uncertainty in the market and a slow start to the week with England/s Bank Holidays, tonnage supply remains healthy and rates continue to slide. Short period interest still remains firm at the low to mid 20 level. For a NOPAC round fixtures have been reported in the high teens while owners are aiming early 20/s for Indo RV/s and around the mid teen level for N.China via Indo to India” the broker concluded.
Nevertheless, August ended on a record, as far as capesizes are concerned, with the relative index rising by a whopping 130 percent, the highest since the 212 monthly gain recorded back in May of the previous year. This development is a clear indication that the dry bulk market has been as volatile as it was during 2009, with the latest series of ups and downs, being recorded since March-April (ups) and then from the end of May until mid July (downs), bringing the market from 4,300 points down to 1,700 points and back to today’s levels of more than 2,740 points.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 31 August 10
CIL MAY SET UP POWER PLANT TO UTILIZE EXCESS COAL
The Economic Times reported that, the world's largest coal producer Coal India Ltd (CIL) said it may consider setting up power plants in the countr ...
Tuesday, 31 August 10
NALCO SEEKS STAKES IN INDONESIAN COAL MINES
Economic Times reported that, National Aluminium Co. Ltd said on Tuesday it wants to buy stakes in Indonesian coal mines to secure supplies fo ...
Tuesday, 31 August 10
CAPESIZE RATES ON VOLATILE MOVEMENT
With Monday a holiday for London’s stockmarket (Bank Holiday), the dry bulk market took a breather before presenting ship owners and charterer ...
Monday, 30 August 10
MUNDRA PORT BEGINS OPERATIONS AT NEW TERMINAL IN GUJARAT
Economic Times reported that, Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company s ...
Monday, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE
The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points ...
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- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Australian Coal Association
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- The University of Queensland
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
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