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Friday, 29 October 10
CHINA'S COAL DEMAND DRIVES DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market is posting marginal, yet steady growth this week, with the Baltic Dry Index rising yesterday to 2784 points, up by 0.2%. Both the capesize and the panamax markets were higher, on signs of growing coal demand from China, a trend which boosted the panamax market in particular. At the same time a healthy iron ore demand again from Chinese steelmakers has helped the capesize segment retain its recent gains. According to the latest weekly report from shipbroker Fearnley’s “the Panamax market took a turn this week with rates increasing in both hemispheres. The FFA market helped the period market with rising values on Monday and flattened a bit on Tuesday. It is especially the shortage in prompt positions that push the rates upwards and in the Pacific several owners ballast into the USG helping the Pacific market further. The Pacific round voyages are now done in the region of low/mid 20´s while the Tarv´s are being fixed in the region of high teens. Fronthauls fetching high 20´s and for the short periods owners are very bullish asking ard mid 20´s. We expect the market to continue its strengthening as the Cape rates continue to increase and we see more split cargoes being quoted” said the broker.
Meanwhile, Petter Rishovd, head of commodities with Pareto Securities was quoted by Reuters as saying that “over the last few weeks we’ve seen very strong capesize fixtures. People are talking about a cold winter in China and we see more coal going to China on panamaxes and that will definitely help that market. It does not seem like the spot market will collapse," Rishovd said.
Commenting on the capesize market, Fearnley’s said that after a continued stable and firm Cape market, it started to break though the upwards resistance level of USD 40k daily for spot cargos in the Pacific. “The BCI has risen from 4363 to 4461, an average T/C improvement of USD 667/day. This surprisingly as Vale concluded the business they were planning for November by Tuesday last week, and have since been absent from the market. The Atlantic market has continued to pay a premium over the Pacific, but volumes have been low with good balance between tonnage and demand. What has driven the fronthaul T/C market has been the N.Atlantic ore market with several Narvik and St. Lawrence cargos being fixed at rates close to USD 70k, a level Brazil has not been able to compete with. In the Pacific, the Miners have continued to be active and although the Atlantic is now showing signs of softening, this market is still moving upwards, and rates in the upper USD 12´s are being paid for W.Australia cargos - this equates to USD 41k/day” concluded the shipbroker’s report.
So far so good then for the market, but one can’t help but notice that ship demolition activity has dropped dramatically as shipping rates rebounded to profitable levels. According to a Morningstar report, “through the first nine months of 2010, owners have scrapped approximately 4.2 million deadweight tons of capacity, or about 470,000 tons per month. This figure compares to nearly 820,000 tons scrapped monthly in 2009, on average, and 433,000 tons per month in 2008. Although nearly 15% of the world's fleet is older than 25 years (a typical life of a vessel), we continue to believe that scrapping will play the part of a buffer against prolonged hampered rates rather than a catalyst toward astronomical rate hikes.
When we combine all of these figures, we think that even if the dry-bulk shipping industry sees increased vessel demolition combined with cancellations and slippage that reach 50% of the scheduled deliveries, the fleet is slated to climb more than 10% in 2011. More worrisome, the expected drop-off in supply growth beginning in 2012 and beyond could face pressure if owners continue to order in abundance” said the analysis.
Source: Nikos Roussanoglou, Hellenic Shipping
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Monday, 04 October 10
2 BLN TONS OF COAL RESERVES DISCOVERED IN SOUTHERN PAKISTAN - XINHUA / HELLENIC SHIPPING
Xinhua and Hellenic Shipping reporte dhtat, the discovery of at least two billion tons of usable coal reserves has been confirmed in one of the ...
Sunday, 03 October 10
THE BDI WAS JUST INCREASED BY 8 POINTS AND CLOSED AT 2452 POINTS LAST FRIDAY - VISTAAR
COALspot.com: The BDI was almost at same levels and just increased by 8 points and closed at 2452 points , however the cape index was up by al ...
Sunday, 03 October 10
NALCO TO FINALIZE INDONESIA COAL DEAL BY JANUARY - HINDUSTAN TIMES
HindustanTimes reported that, state-owned National Aluminium Company (NALCO) will finalise a deal with a coal source in Indonesia for its $4 billion ...
Sunday, 03 October 10
INDONESIA WILL BECOME A NET IMPORTER OF ENERGY IN 2030 - BPPT
Jakarta Updates reported that,Indonesian Agency for the Assessment and Application of Technology (BPPT) predicted that the energy situation in Indon ...
Saturday, 02 October 10
FOUR INDONESIAN COAL FIRMS KEEN TO TIE UP WITH NALCO - SIFY
Sify reported that, Four Indonesian coal companies have shown interest to tie up with public sector National Aluminium Company (Nalco) for its 4 bil ...
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Showing 5581 to 5585 news of total 6871 |
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- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Economic Council, Georgia
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Bhatia International Limited - India
- MS Steel International - UAE
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Latin American Coal - Colombia
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
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