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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, 04 December 09
JSW ENERGY TO BUY OUT PARENT FIRM'S COAL BLOCK
JSW Energy plans to buy the stake held by JSW Steel in a thermal coal block in Mozambique in an attempt to become an integrated energy company with ...
Thursday, 03 December 09
JAPAN 2010 COAL IMPORTS SEEN FLAT, INDIA'S ROBUST - INDUSTRY
* Japan's demand seen steady in 2010 at 110 mln tonnes
* India's demand seen as robust, at 70 mln tonnes
Reuters reported that, Thermal coal i ...
Thursday, 03 December 09
INDONESIA MAY ALLOW COAL SALES BELOW GOVT PRICE
Reuters reported that, Indonesia is considering giving producers some flexibility to sell coal below the government's monthly benchmark price to co ...
Thursday, 03 December 09
INDONESIA SEEKS TO INCREASE COAL SHIPMENTS TO INDIA, CHINA
Bloomberg reproted that, Indonesia, Asia’s biggest coal exporter, seeks to increase shipments to India and China as the economies improve and ...
Thursday, 03 December 09
COAL INDIA IPO LIKELY TO HIT MARKETS BY NOVEMBER 2010
Soon investors will get to own a slice of India's largest coal mining company. Coal India its initial public offering will hit markets in November ...
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- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- White Energy Company Limited
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Parliament of New Zealand
- India Bulls Power Limited - India
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- The University of Queensland
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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