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Thursday, 24 March 11
DRY BULK MARKET RISES, CAPESIZES GAIN BUT REMAIN LOW EARNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market posted modest gains on Wednesday, with the Baltic Dry Index rising to 1,565 points, up by 1.43 percent on the day, led by gains of 3.12 percent in the Capesize market. It was the second day of gains for the market, on the aftermath of the devastation in Japan,
which is still expected to impact the market, both in a positive way and in a negative way, depending on the type of trade. Still, as analysts noted, the Capesize segment, which is the most overweighed by a huge orderbook and a flurry of new building deliveries, remained among the lowest earning ones for ship owners, with average rates now standing at just over $10,000 per day.
In the short term, the disaster in Japan has resulted in a slower flow of dry bulk commodities to the country, mainly iron ore and coal, although there are some signs of incoming improvement as the Asian country’s industry slowly begins its return to business. This means that power plants will begin to restock their coal inventories, while Japanese steel companies will begin importing iron ore again to rebuild their damaged output. Still, according to Will Fray, a senior analyst with consultants MSI, quoted by Reuters, “I wouldn’t necessarily see recent gains as significant. The interesting thing to see is that capes, where the current supply overhang is most evident, are still the lowest earners. Spot ore import activity is not strong enough to improve rates there -- trade has certainly been slower to China for several months now, linked to a cooling in steel production” he said.
Meanwhile, according to the latest weekly report from shipbroker Fearnley’s, “the capesize market continued to fall through last week bottoming out on Monday at an average time charter rate of USD 9,298. This has now picked up to USD 10,089 which is still not very exciting. Nonetheless, the paper market is enthused and the front end of the curve has picked up somewhat, but not enough to allow a repeat of the 3 year fixture reported last week. There are takers for this period but they are rateing lower numbers and owners are not ready to accept these figures. On the spot market fixtures remain relatively flat and the Atlantic continues to be stronger than the Pacific. In general, uncertainty due to events in Japan and in the Mediterranean are keeping the market weak, though there could be some more near term activity in the Atlantic due to nuclear plants in Germany being taken off line for safety checks” it said.
Regarding the Panamax market, it mentioned that after a slow week with marginal decline in rates the market found support with levels moving upwards from mid week. “This was predominantly driven by ECSA and USG grains and short period activity to cover same with owners now able to secure healthy USD 27,000 with equivalent ballast bonus for front haul. Short period was also fairly active with grain traders and operators booking tonnage in the Far East in the mid 17,000 range. Lack of other fresh mineral business in both hemispheres kept a stable but not very enthusiastic sentiment. North Pacific and Pacific business is fixable at mid to upper teens while Atlantic rounds close to 17,000/day. One year period is being secured at 16,500-17,000 but takers are reluctant to pay owners similar levels for longer duration” said the shipbroker.
As for the smaller segments, which are supported by current robust grain trade activity, Fearnley’s added that “the Atlantic market remains stable with more activity from the Black Sea to Feast paying in the mid 20´s on supras. The USG remains firm paying in the mid 20´s for trips into the MED and low/mid 30´s for trips FE. Nevertheless tonnage is piling up again with ballasters which will push rates downwards in a few weeks unless activity picks up more to absorb tonnage. In the Pacific, there is a tight tonnage supply on prompt positions in China/SEA for mostly handy up to 45,000 dwt which means rates are on the rise for those sizes. Supras on the other hand, are in abundance. There has also been a high amount of short period activity with charterers scrambling/hoping to take tonnage ´on the cheap´. The Far East remains reasonably tight on prompt tonnage, however with activity low and owners resisting. The market for North Pacific/Indo/India for tonnage delivering North China is in the USD 16,000 range” the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Saturday, 26 March 11
FLSMIDTH WINS MULTIMILLION DOLLAR MATERIAL HANDLING PROJECT IN INDONESIA
FLSmidth has signed a contract in Jakarta worth in excess of USD 135m (DKK 700m) with PT Adaro Indonesia, a subsidiary of PT Adaro Energy Tbk., to s ...
Saturday, 26 March 11
ADARO AIMS TO DOUBLE COAL PRODUCTION -THE JAKARTA POST
The Jakarta Post reported that, coal producer PT Adaro Indonesia is planning to soon boost its production capacity to 80 million tons annually, almo ...
Friday, 25 March 11
KNOWLEDGE INFRASTRUCTURE TO BAG 160,000 MT COAL SUPPLY ORDER FROM TNPL
COALspot.com - Delhi based Knowledge infrastructure Systems Pvt. Ltd offered lowest price of US$ 97.10 per metric ton for calorific value of 6000 GA ...
Friday, 25 March 11
THE CAPESIZE MARKET CONTINUED TO FALL - FEARNBULK
Handy
The Atlantic market remains stable with more activity from the Black Sea to Feast paying in the mid 20´s on supras.
The USG remain ...
Friday, 25 March 11
BORNEO ENERGI FY10 NET INCOME SOARS - INSIDER STORIES
Coking coal producer PT Borneo Lumbung Energi Tbk (BORN) booked a skyrocket net income by 499.72% from net loss position in 2009, as quoted by Insid ...
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Showing 5331 to 5335 news of total 6871 |
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- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Planning Commission, India
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
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