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Thursday, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
 The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with the industry’s benchmark, the Baltic Dry Index (BDI) retreating again on Wednesday. The BDI was down by 1.44% on Wednesday to 2,468 points, while what’s worth noting is that all ship classes were on the downside. A Reuters report mentioned that according to traders the main reason for the drop was that market participants closed positions following Tuesday's rise and in anticipation of lower demand as of Friday as China heads into a one-week national holiday.
According to a weekly report from shipbroker Fearnley’s, the “back end of last week began to show some signs of improvement in the capesize market. The expectation was that this week would be active as the Far Eastern markets were back at work and would be busy clearing their desks, pending next weeks holidays. This has cautiously proven to be true. First led by the paper market and then followed by physical fixtures. The fronthaul market has moved from mid usd 20´s level to usd 28.00 pmt for Brazil/China, and vessels in the Pacific are securing round voyages in the mid usd 30000 range. The Atlantic is still a bit sluggish and the bids are actually below the rates achieved in the Pacific. There has been little activity on the period front, except a rumor that one of the ore majors has taken a vessel for short period in the mid usd 30´s” said the report.
Similarly, the Panamax segment “continued continued its downward trend from last week, however the Chinese re-entered the market on Monday. We see more cargoes in the market, but several of these cargos are tender biz. The steel production in China has picked up a bit again, and this should be positive for the iron ore prices and the shipping market. The longer period market is absent with what´s done-done private. Tarvs fetching around very low usd 20´s, fronthauls around 30k and Pac rounds fixing in the high teens. For the rest of the week we expect some more activity as the Chinese have holidays coming up (1/7 Oct) and the "Golden Week" coming up the week after. They will most likely need to clear out business matters before this holiday” said Fearnley’s.
As a result the Panamax market fell yesterday by 3.18 percent, while the Supramax segment was marginally lower by just 0.32 percent, i.e. virtually unchanged. According to Reuters’ sources, “coal traders were taking advantage of the five-week low in freight rates and a weak dollar against the euro to cover themselves for a possible rebound in power prices ahead of the winter heating season”. "Coal is one of the most important products carried by freighters, so if the increase in coal prices lasts, then we are likely to see an upward correction in freight rates too," one coal trader said.
In a separate story from Bloomberg, Andrew Dawson, a shipbroker at Freight Investor Services Ltd. in London was quoted as saying that with China on holiday next week, the expectation is that the market will come off again. Meanwhile, Chinese iron ore demand growth may resume later this year and into 2011, Vale SA, the world’s biggest exporter of the raw material, said yesterday.
Source: Nikos Roussanoglou, Hellenic Shipping
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Monday, 20 September 10
MMTC SEEKS TO BUY 1.3 MT OF COAL FOR INDIA UTILITIES - SXCOAL
MMTC Ltd., India’s largest state- owned trading company, is seeking bids for the supply of 1.3 million tonnes of coal to feed power plants run ...
Monday, 20 September 10
KANGAROO RESOURCES SIGNS PARTNERSHIP WITH ASEAMCO FOR INDONESIAN COAL ASSETS - PROACTIVE INVESTORS
International coal producer Kangaroo Resources (ASX: KRL) has completed a new three-year agreement with Australian mining consultants ASEAMCO to del ...
Monday, 20 September 10
ICVL LOOKS FOR COAL ASSETS IN UZBEK, INDONESIA, AUSTRALIA - ECONOMIC TIMES
Economic Times reported that, International Coal Ventures, or ICVL, the special purpose vehicle floated by five state-owned firms to scout for coal ...
Monday, 20 September 10
IRON-ORE SHIPPING DEMAND MAY GAIN ONCE CHINA STEEL CUTS FINISH, SSY SAYS
Demand to transport iron ore may rebound once China ends steel-production cuts and steel prices may gain in the next several months because of the r ...
Saturday, 18 September 10
ECI / CHINA FREIGHT ROUTE DOWN BY 1.22 PCT OR US$ 225 PER DAY AND CLOSED AT US$ 18,123 PER DAY - VISTAAR
COALspot.com: The BDI was under pressure this week and was almost down by 11 pct and closed at 2676 points.
The Cape and Panamax index was almost ...
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- Anglo American - United Kingdom
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- PTC India Limited - India
- Planning Commission, India
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
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