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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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Tuesday, 17 August 10
HANDIES AND SUPRAS WOKE UP AGAIN AFTER SEVERAL WEEKS OF LETHARGY - BRS
A spectacular increase in Cape size rates pushed the BDI up more than 20% this week, with demand for prompt tonnage in the Pacific causing a major s ...
Monday, 16 August 10
INDIA'S TNPL TO SUPPORT TNEB WITH COAL SUPPLIES
COALspot.com: TNPL to award 300,000 MT of coal supply contract to Nehel General Trading of India. Tamil Nadu state undertaking , Tamil N ...
Monday, 16 August 10
INDONESIA'S PLN SECURED COAL SUPPLIES, LESS IMPACT BY RAINS
COALspot.com: Indonesian State Electricity Company, PT Perusahaan Listrik Negara (PLN), has secured coal supplies for all of its power plants except ...
Sunday, 15 August 10
THE FREIGHT MARKET IS EXPECTED TO REMAIN FIRM - CAPT REDDY
COALspot.com: The BDI rose by almost 22 pct despite peak holiday season which is usually quite market , where as the BCI up sharply by 46 pct which ...
Saturday, 14 August 10
INDONESIAN THERMAL COAL PRICES EXPECTED TO MOVE UP IN SEPTEMBER 2010 - CHAIRMAN ICMA
COALspot.com: Indonesian Coal Mining Association is expecting, the Indonesian and international coal prices will increase, and will be reached ...
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- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- CNBM International Corporation - China
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
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