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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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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 ...
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 poi ...
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 ...
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- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Xindia Steels Limited - India
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
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