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Tuesday, 12 October 10
DRY BULK MARKET LOOKING FOR DIRECTION AFTER WEEK OF CAPESIZE GROWTH
 The dry bulk market ended Monday unchanged from Friday’s closing, today standing at 2,695 points. In summary, the capesize and the supramax segments were higher week on week, with the first gaining 19.22% and the latter 2.77%. Thus, capesize owners had plenty to cheer for in the previous week, a development not quite expected with China effectively out of the market, due to holiday reasons. Still.
As the weekly report from Commodore Research & Consultancy said, “a larger than expected amount of iron ore fixtures came to the market last week which helped propel Cape rates. 31 ore fixtures were reported, only 4 less than the previous week. 24 of the fixtures were for capesize vessels, which was actually 4 more than the previous week. Expectations had been for a moderate decrease in overall ore fixtures due to China’s week-long National Day holiday, but Chinese iron ore fixtures remained relatively firm. A healthy amount of iron ore fixtures from buyers outside of China also helped Cape rates find support. 13 vessels were charted to export iron ore to buyers in countries other than China, 7 more than the trailing four week average. 18 vessels were chartered to export iron ore to buyers in China, 4 less the four week average” said the report.
Meanwhile, iron ore demand and related spot prices have been able to hold steady even as the Chinese government continues to partially restrict electricity allocation to steel mills. These restrictions have lessened recently, though, and going forward Chinese steel mills are expected to slowly increase steel production.
“Market sentiment has slowly improved, evident by last week’s increase in period deals. Market players had previously been spooked by the electricity restrictions in China but iron ore demand has managed to remain relatively firm. Two weeks ago, the 11 period fixtures concluded last week were the lowest amount of period fixtures reported in a single week since the week ending July 16. At that time, dry bulk spot rates were near 2010 lows. Last week marked the first time since early September, however, that week on week period chartering activity increased”. In total, Commodore reports 118 spot trip fixtures for the week (nine less on the week) and 17 period fixtures (six more than the previous week).
In another weekly report, N.Cotzias Shipping Group examined the potential overcapacity of dry bulk tonnage and how it will impact the freight markets. According to Cotzias, the expected ships until the end of 2010 are alarming, with 6 VLOC’s of 1.8 million tons, 61 Capes of 11 million tons, 21 Post Panamaxes of 2.1 million tons, 74 Panamaxes of 6 million tons, 153 Supramaxes of 9 million tons, 7 Handymaxes of 300,000 tons, 201 Handies of 6 million tons and 221 bullkers (between 10,000 and 20,000 dwt) of 2 million tons, not to mention an additional smaller dry bulk carriers (including MPP, General Cargo) of 400,000 tons. In total until the end of the year, the additional carrying capacity of the global dry bulk fleet, based on the expected deliveries should be 38.6 million tons, a figure difficult to be offset by the increased cargo demand. Of course, the economies of the developed world haven’t to contribute to global shipping trades, with China still ruling the fortunes of rates.
For the time being, “the effects in the freight markets of the Russian grain embargo, and the closure of 10 major ports following the Karnataka ban in India, are fairly visible and the added per ton mile, that has altered the typical trading routes seem to have added on the positive side, keeping the freight levels to acceptable, fairly good levels that are for the time being balancing the added influx of tonnage that has already become part of the world active fleet. We expect that this added dynamics of the market together with some much awaited improvement from the developed world, whose economies are not really feeding with steam the global shipping trades, would be the wishful expectations from either Q4 2010 or even better Q1 2011” said Cotzias.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 09 December 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 103.41 PMT FOR DECEMBER DELIVERY
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Thursday, 09 December 10
DRY BULK MARKET LOOKING FOR DIRECTION THIS WEEK, AS CAPESIZE SHIPS END THEIR MISFORTUNES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk has began the week on a positive note capitalizing on the positive sentiment which finally prevailed during the last days of the previo ...
Monday, 06 December 10
NTPC MAY OPT FOR INDONESIA OVER AFRICA, OZ FOR COAL MINES
Country's largest power producer NTPC, which is scouting for coal properties abroad to fuel its power plants back home, may zero in on Indonesia fo ...
Saturday, 04 December 10
INDONESIA TO INDIA AND CHINA SEA FREIGHT UP BY ABOUT US$ 2.50 PMT - CAPT. REDDY
COALspot.com - The freight market even though remained weak, but towards end of the week the market seemed to firm up.
The BDI was almost at sam ...
Saturday, 04 December 10
OFF WEST COAST OF INDIA TONNAGE IS SEEMINGLY QUITE SPARSE - FEARNBULK
Handy
The Atlantic markets are weak and remained unusually calm after the Thanksgiving ...
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- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- White Energy Company Limited
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Planning Commission, India
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