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Thursday, 20 January 11
DRY BULK MARKETS FALL SEES NO END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Pundits indicating that the dry bulk market’s sentiment remains weak were justified, as the industry’s benchmark, the Baltic Dry Index (BDI) kept falling mid-week, ending Wednesday’s session down by 1.47% to 1,411 points, the lowest it’s been since late of 2008, amid the global financial meltdown. As has been the case since the beginning the year, smaller ship types fared better than their large counterparts. Capesizes retreated yet again, this time by 0.88% very close to break-even levels, while panamaxes ended the day down by 3.48%.
According to the latest weekly report from Fearnley’s, the Capesize market is lacking direction and excitement. «Finally we see the floor reached for now in the Far East, with a number of fixtures done around USD 6.65- 6.70 pmt for West Australia to China (against the lowest done last week at USD 6.45 pmt). The front haul seems under pressure, with lack of cargoes and more ballasters, and rates as dropping. The Chinese are preparing for lunar New Year, and remain inactive for the beginning of this year, resulting in limited spot activity” said the shipbroker.
Commenting on the panamax front, the report mentioned that it had a slow start to the week in both hemispheres. “Especially the Pacific market experienced low volumes with much of the Australian cargos being cancelled, caused by the flooding. Several ships were reported to leave the Australian loading areas without cargos, entering the much active ballasting market from the Pacific to the Atlantic basin.
The latter has also experienced a softening in rates for early February cargos with ballast bonuses decreasing rapidly throughout the week. Fronthauls are still being fixed at around 25k and Tarvs at around 17.5k while the Pac rounds are getting around 9k. The period market has been over flooded with takers, but owners still not able/willing to face the levels being proposed” said Fearnley’s.
As for the smaller ship types and particularly the Handysize/Handymax, the shipbroker said that “negative sentiment for forward positions in the Atlantic market due to lack of cargo availability and too many ballasters from the East. Continued lack of sufficient activity in the Black Sea and Continent. USG seems to be the only positive market. Very little activity with rates having downward pressure across all routes in the Pac.
Supras are doing USD 7-8k for Indonesia-India.
Same levels also seen for Thailand rounds. Iron ore from India bit quiet and vessels seeing around 14-15k from WCI and 10-11k from ECI for trip to East. RBCT coal FOB prices looking firm and not too many Indian buyers buying at those levels as cement plants have enough stocks for some time to hold. For RBCT RVs ships are going at 14k and some even lower depending on position. Handymax fertiliser cargoes from R.Sea to India are seen paying around low 20´s on voyage basis WCI discharge» concluded Fearnley’s.
Meanwhile, yesterday it was announced that Chinese coal imports set a new record in December and totaled 17.34 million tons, an increase of 940,000 tons (6%) from the previous record of 16.4 million tons imported in December 2009. Robust peak season winter thermal coal demand led to the surge in coal imports. In a relative comment, Commodore Research & Consultancy stated that “a few months ago we anticipated that Chinese coal imports would set a new record in December and published a note in early November alerting clients that December coal imports would likely reach 17.25 million tons. December imports exceeded our forecast partially due to Chinese ports being closed sporadically in November due to weather-related issues.
A few cargoes that were meant to be unloaded in November were instead unloaded in December. Going forward, Chinese coal imports are likely to remain at robust levels but are poised to decline until the summer re-stocking period. Chinese thermal coal fixtures have declined in recent weeks. Last week saw only 6 vessels chartered to ship thermal coal to China, a decrease from the trailing four-week average of 9 fixtures. Early December saw as many as 19 vessels chartered to ship thermal coal to China in a single week” said Commodore.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 11 February 11
DRY BULK MARKET HEATING UP ON FRESH CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is on a high this week, with owners of smaller vessels turning their attention towards the spot market, in order to take advanta ...
Thursday, 10 February 11
SUPRA RATES IMPROVED A LITTLE OVER US$ 6K BSS N. CHINA DELIVERY FOR INDO-INDIA AND THAILAND ROUNDS - FEARNBULK
Handy
Atl is still weak with little fresh enquiry and an accumulation of spot tonnage.Owners are reluctant to send tonnage thru Suez due to uncert ...
Thursday, 10 February 11
BUKIT ASAM EXPECTS ABOVE RP 3 TRIO PROFIT
The state-owned coal miner PT Tambang Bukit Asam Tbk (PTBA) expects to reach 2011's net profit above Rp 3 trillion (US$ 336,322,568) from above Rp2 ...
Wednesday, 09 February 11
INDONESIA ALLOWED 60 COAL TRADING COMPANIES TO EXPORT COAL
COALspot.com - A temporary ban imposed on coal traders in January has lifted this week. As of today 60coal trading companies were allowed to resume ...
Tuesday, 08 February 11
INDIA'S SIMHAPURU TARGETS S.AFRICAN COAL - ECONOMIC TIMES
Economic Times reported that, India's Simhapuri Energy , a unit of the Madhucon Group , wants to buy new or existing collieries in South Africa fro ...
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- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- VISA Power Limited - India
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- London Commodity Brokers - England
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