We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 06 November 10
DRY BULK MARKET LACKING SUPPORT TO SUSTAIN CURRENT LEVELS, BUT PANAMAX OWNERS ARE MORE FORTUNATE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Posting its fifth straight losing session, the dry bulk market benchmark, the BDI (Baltic Dry Index) was down yesterday by another 1.26% to 2510 points, as the market doesn’t seem able to find the necessary support to stay afloat. The Capesize segment of the market was down by 1.21%, while all other smaller ship markets were also on the decline. Analysts have highlighted the fact of waning China iron ore buying which is adding pressure to capesize rates, while all indications point to further downside in the medium term as is evident by the freight futures market.
According to shiprboker Fearnley’s, capesize market sentiment for this week was definitely negative. The physical market started to drop, led by a lack of activity in the Atl. The lack of fresh demand on the T/A route combined with the absence of second half of November front haul business put an effective stopper on the market. Where we saw northern Atlantic demand commanding high rates, the Brazil route was never able to compete and now we have seen re-let business concluded at between usd 28 and 29 pmt for Brazil to China.
In the Pacific the major miners successfully bought the market down well into the usd 11.00 mark for W.Australia cargos, but one player seems to have been caught out and has paid a premium for very early vessels. On the coal side there was a flurry of Chinese demand for S.African material, but with the subsequent rise in the FoB price to a 6 month high, further spot sales have dwindled and as such ballasters will have to rely on Brazil, which is looking thin for end Nov demand” said the shipbrokers’ weekly report.
Meanwhile, in the Panamax front, things don’t appear much different, despite last week’s gains. “The Panamax market still suffers from low activity and little demand as rates were sliding after the short upturn last week. The Atlantic is still weak with oversupply of tonnage although there are less ballasters coming in from the FEast. US Gulf grains export still active with fronthaul fixtures in the 27k range but TA rounds sliding slowly to 17k. In the Pacific the market is supported by more fresh requirements and a better balance for available tonnage.
Typically Pacific fixtures hovering around 19k mark, but better figures achieved for Aussie and India business. The period market has been slow with an almost flat curve from 4-6 months up to 2 years around the 22k level. FFA gradually falling in anticipation of lower freight rates going forward. Despite a still bearish sentiment there is an increasing opinion there is support at current levels with room for a short term coming improvement’’ said Fearnley’s.
Indeed, it seems that Panamax owners have more to cheer for, despite this week’s less than “happy-go-lucky” market sentiment. According to Jeffrey Landsberg, an analyst with Commodore Research & Consultancy, Asian thermal coal demand has remained robust and panamax rates are beginning to find support. Going forward, we expect panamax rates will find more support and continue to expect that panamax congestion at Australian and Indonesian coal ports will increase significantly by the middle of November.
Our expectation for an increase in congestion is due to a large amount of panamax vessels having been chartered in October to export thermal coal from Australian and Indonesia ports.
So far this week, a total of 14 vessels have been chartered to ship thermal coal to China (last week saw a robust 15 vessels chartered to ship thermal coal to China). A large amount of vessels continue to be chartered to export thermal coal to other Asian buyers as well, with Indian thermal coal demand remaining extremely robust. Temperatures in northern China (including Beijing) are expected to decline considerably beginning on Sunday.
A cold front will be affecting the region during most of next week” concluded Landsberg.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 09 November 10
NOBLE GROUP APPOINTED AS THE EXCLUSIVE MARKETING AGENT FOR PT. BERAU COAL
COALspot.com: Noble Group Limited has recently been appointed as the exclusive marketing agent for PT. Berau Coal production exported to internation ...
Monday, 08 November 10
INDONESIAN HBA HAS INCREASED TO $ 95.51 PER TON FOR NOVEMBER LOADING
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Sunday, 07 November 10
THE SUPRAMAX INDEX IN THE FAR EAST CONTINUED TO BE UNDER PRESSURE - CAPT. REDDY
COALspot.com: The freight market continued to remain soft and all segments were down by almost about 6 pct.
The BDI and Cape Size index was down ...
Friday, 05 November 10
RI COAL EXPORT PROSPECTS STILL BRIGHT - THE JAKARTA POST
The Jakarta Post reported that, Indonesia, already the world’s largest exporter of seaborne thermal coal since 2005, will continue to be a maj ...
Thursday, 04 November 10
CAPE SIZE SENTIMENT FOR THIS WEEK WAS NEGATIVE - FEARNBULK
Handy
The Atlantic markets remain flat and lackluster. High volume of tonnage availabi ...
|
|
|
Showing 5536 to 5540 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Parliament of New Zealand
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
|
| |
| |
|
