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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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Tuesday, 17 August 10
HANDIES AND SUPRAS WOKE UP AGAIN AFTER SEVERAL WEEKS OF LETHARGY - BRS
A spectacular increase in Cape size rates pushed the BDI up more than 20% this week, with demand for prompt tonnage in the Pacific causing a major s ...
Monday, 16 August 10
INDIA'S TNPL TO SUPPORT TNEB WITH COAL SUPPLIES
COALspot.com: TNPL to award 300,000 MT of coal supply contract to Nehel General Trading of India. Tamil Nadu state undertaking , Tamil N ...
Monday, 16 August 10
INDONESIA'S PLN SECURED COAL SUPPLIES, LESS IMPACT BY RAINS
COALspot.com: Indonesian State Electricity Company, PT Perusahaan Listrik Negara (PLN), has secured coal supplies for all of its power plants except ...
Sunday, 15 August 10
THE FREIGHT MARKET IS EXPECTED TO REMAIN FIRM - CAPT REDDY
COALspot.com: The BDI rose by almost 22 pct despite peak holiday season which is usually quite market , where as the BCI up sharply by 46 pct which ...
Saturday, 14 August 10
INDONESIAN THERMAL COAL PRICES EXPECTED TO MOVE UP IN SEPTEMBER 2010 - CHAIRMAN ICMA
COALspot.com: Indonesian Coal Mining Association is expecting, the Indonesian and international coal prices will increase, and will be reached ...
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- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- London Commodity Brokers - England
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Minerals Council of Australia
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Australian Coal Association
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
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