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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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Wednesday, 11 August 10
BANPU SECURES TAKEOVER LOAN - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, has secured loans worth US$2 billion from Thai and foreign banks to proceed with ...
Tuesday, 10 August 10
KOREA'S EWP TO BUY 4 MILLION TON OF 3700 AND 4600 NAR COAL AT FIXED PRICE
COALspot.com: Korean utility East-West Power out with the tender to buy 0.670 million tons with a minimum calorific value of 4600 NAR and 0.350 mill ...
Tuesday, 10 August 10
COAL CONSTRAINS CORE SECTOR GROWTH IN JUNE 2010
Growth in the six key infrastructure sectors decelerated for the third month in June. This is primarily due to last year’s high base effect. D ...
Sunday, 08 August 10
SOUTH AFRICA INCREASES COAL EXPORTS TO INDIA BY 74% IN JULY, TRADER SAYS
South Africa’s Richards Bay, the continent’s largest coal terminal, increased sales to India by 74 percent in July from June, according ...
Saturday, 07 August 10
INDIAN COAL IMPORTS WILL PLAY AN IMPORTANT PART IN KEEPING THE FREIGHT MARKET FIRM IN FUTURE - VISTAAR
COALspot.com: The freight market was volatile with market ending firmed and the BDI crossing 2000 points up by 3 pct, however the BCI was up by 14 p ...
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- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Planning Commission, India
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
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