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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, 19 March 10
COAL INDIA TO HIT CAPITAL MARKETS IN JULY
India’s largest coal producer, Coal India Ltd (CIL), expects to hit the capital markets by July, company chairman Partha S. Bhattacharyya said ...
Thursday, 18 March 10
COAL IMPORTS SOAR IN NANTONG PORT OF JIANGSU PROVINCE CHINA
BloombergUTV reported that, Coal imports at Nantong Port, located in coastal China's Jiangsu Province, soared 13 times to 581,000 tonnes in the fir ...
Thursday, 18 March 10
INNER MONGOLIA TO CAP COAL OUTPUT AT 700 MLN TONS IN 2010
Alibaba / China Knowledge reported that, Inner Mongolia, China's northern border autonomous region, plans to control coal output at 700 million ton ...
Thursday, 18 March 10
THE INDIAN MARKET WAS QUIET, BUT BECAUSE OF THE TIGHT TONNAGE SITUATION STILL FIRM - FEARNLEYS AS
Handy
Activity continues to be solid in the Atlantic.
Supramax physical market is strong which pushed the BSI to a 17 month high at ...
Thursday, 18 March 10
INDONESIAN COAL PRODUCTION EXPECTED TO BEAT EARLIER FORECAST
The Jakarta Globe reported that, the government expects coal output this year to exceed its initial projection of 250 million metric tons as the dri ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
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