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Thursday, 25 November 10
DRY BULK MARKET STILL GOING STRONG THIS WEEK, CAPESIZE SECTOR LOSING STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market kept its upward momentum yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI) gaining a further 0.64% to end the session to 2,213 points, still way off its year-highs of more than 4,200 points. But, the negative news –if one could assume them as such – was the slight decline of the capesize segment, which lost 1.50% yesterday. On the upside was the Panamaxes strong gains of 3.88%, which comes to show that last week’s downfall was a bit too much.
According to Fearnley’s latest weekly report, there is indeed a little more positive sentiment in the Panamax market his week in both hemishperes, as some new enquiries in the Atlantic pushed rates a tick up. “Pacific had a more slow beginning but increased somewhat from midweek, 3/5 months period redel ww fixed at usd 20k. Transatlantic r/v arnd 17-18k level while Pacific 16.5k-17k. Fronthaul pending around usd 25-26k while backhaul remain poor if finding cargoes at all at 10k level. Might be we face an end of year effect in the market with charterers selling out their stocks, which can be positive on short term, while the long picture is more uncertain“ said the shipbroker.
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As for the capesize sector it stated that it’s a very quiet week, with mostly repeat business, rate wise, until yesterday when levels were sliding. “The absence of Vale on the front haul leg has effectively prompted the slide. There have been some tight Atlantic positions where vessels have commanded premiums but, this has been for North Atlantic loading and very prompt positions. On the period side, there has been some activity with a good unit fixed at usd 30k daily. Spot coal has also been concluded but the volumes have not been enough to move the market. All in all a colorless week” concluded Fearnley’s.
Meanwhile, in a separate analysis released earlied in the week, Commodore Research & Consultancy mentioned that the last five weeks of declining Chinese steel stockpiles have shown that steel demand remains firm. “Chinese crude steel output reached a 2010 low of 47.95 million tons in September, a decline of 3.69mt (-7%) from 51.64mt produced in August. Prior to September’s output, crude steel production had been averaging 53.56mt per month. Steel output rebounded in October and totaled 50.30mt – but electricity restrictions on
steel mills remain in place and continue to limit production. Chinese steel stockpiles continue to be destocked to make up for restricted output however. Just five weeks ago, Chinese flat and construction steel stockpiles totaled about 15.5 million tons. Since that time, however, stockpiles have decreased by 1.9mt (-12%) as end users have continued to consume a moderate amount of the steel for construction purposes The 13.6mt of flat and construction steel currently stockpiled in China is the lowest level of construction steel stockpiled in China since January. We expect Chinese crude steel production will remain at similar levels for the remainder of the year and stockpiles will likely be destocked a bit more. For now, steel demand in China remains firm” said Commodore.
The other major issue affecting the state of the dry bulk freight market is India’s Karnataka iron ore export ban, which was extended late last week by court order for a period of another six months. The ban has been in place since late July and came as a result of illegal mining and railing. “The ban has resulted in Chinese ore buyers importing more of their ore from Australia and Brazil. These cargoes are primarily shipped on capesize vessels; ore from India is primarily shipped on panamax and supramax vessels. With approximately 25% of India’s iron ore mined in Karnataka, the Karnataka iron ore export has resulted in a significant decline in Indian ore exports. Indian iron ore exports to China (almost all of India’s exported ore goes to China) totaled about 4.75 million tons in September, the lowest amount since November 2008. Indian iron ore exports have decreased steadily since the ban was put in place. Going forward, the export ban will continue to cause China to source a large amount of its iron ore from Australia and Brazil” said Commodore.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 17 November 10
DRY BULK MARKET LOOKING FOR SUPPORT IN COAL TRADES AND INDIAN IRON ORE EXPORTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Nikos Roussanoglou, Hellenic Shipping reported that, the dry bulk market is lacking support to end its 13-day slide, as evidenced by Monday’s ...
Tuesday, 16 November 10
'VALLAR PLC' TO BECOME 'BUMI PLC' POST DEAL - THE JAKARTA POST
The Jakarta Post reported that, The United Kingdom’s Vallar Plc will change its name to Bumi Plc following a cash and stock transaction with t ...
Tuesday, 16 November 10
ROTHSCHILD BUYS INDONESIAN COAL STAKES FOR $3 BILLION - BLOOMBERG
Bloomberg reported that, Nathaniel Rothschild, the only son of U.K. financier Jacob Rothschild, agreed to invest $3 billion in two Indonesian coal c ...
Sunday, 14 November 10
THE FREIGHT MARKET CONTINUED ITS DOWN FALL - VISTAAR SINGAPORE
COALspot.com: The freight market continued its down fall with BDI down by 7.29 pct and closed at 2,313 points.
All other segments were also under ...
Saturday, 13 November 10
INDONESIA SHIPPED 8.73 % MORE COAL IN OCTOBER THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 23.55 mln mt of coal in October 2010, which is 8.73 percent more compared to Septe ...
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Showing 5526 to 5530 news of total 6871 |
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- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- White Energy Company Limited
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Planning Commission, India
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
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