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Friday, 01 April 11
DRY BULK MARKET WEAKENS ON SLOWER DEMAND, HOPES FOR MID-TERM REBOUND ON JAPANS RECONSTRUCTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market, as reflected in the Baltic Dry Index (BDI) retreated for a third day yesterday, after staying flat on Monday, to end at 1,530 points, down by 0.97 percent. The main losing segment was the Panamax one with falls of 2.28 percent, while the Capesize market was on the upside, gaining 0.68 percent. As it turns out, for the time being, the disaster in Japan and especially the danger of radiation has hit trade activity, limiting cargoes to and from Japan. The country is a strong importer of dry bulk commodities, such as coal and iron ore.
In a weekly report, shipbroker Fearnley’s said that activity in the Capesize sector is up, but the same has yet to be reflected in rate levels as this segment remains generally overtonnaged. “The main WAust/China ore trade is erratic in volume but stable in value at usd 7.35-45 pmt - equivalent to less than opex. Nuclear concerns have given some support to Atlantic coal activity/expectations, with resultant transatlantic levels maintained at some usd 12250 and fronthaul also unchanged at around usd 23350. With an inverted forward curve, period activity is limited to 180kdwt/blt 2009 spot Feast done for 12 mos at usd 16k, 177kdwt/blt 2004 China ppt done for 4-6 mos at usd 15500 and 174kdwt/blt 2007 said to be done for 2 yrs at around usd 17500” said Fearnley’s.
Regarding the falling Panamax market, it mentioned that “with few fresh cargoes entering the market, the rates declined marginally this week. TA´s fixed in average around USD 16k, which is a tick down from last week. South America and coal from US kept the market going. In the Pacific the rates hovered around USD 16500. However rumors stated that Japan would increase their coal import, due to lack of nuclear energy. The ballasters from the Pacific and Indian Ocean obtained decent numbers, around USD 16-17k daily, which was in line with the short period market” said the report.
As for the smaller handy segment, “the Atlantic markets remain 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. Outlook: stable. The Pacific market is still weak; the signs of weakening are lack of fresh enquiries and less trading activities. Indian activities are also very slow. Supras on WC India are seeing high teens for trip to China with freight levels hovering between usd 20 pmt. Supras ex Richards bay coal terminal/India hovering at usd 25/27.00 pmt. Ex Red Sea to India handymax tonnages are seeing mid/high 20´s” concluded the shipbroker.
While things look a bit dim at the moment, there’s hope that Japan’s massive reconstruction process will boost prospects of the dry bulk freight market in the medium and long term. Japan may increase imports of Australian iron ore and of logs and lumber from New Zealand and Malaysia after the March 11 tsunami devastated buildings in the Tohoku region. Following the Kobe quake in 1995, the Baltic Dry Index, the benchmark for commodity-shipping rates, surged 20 percent in three months after initially falling 6 percent in three weeks said Bloomberg in a report. At the same time, dry bulk rates could get a modest boost as Japanese power plants restock coal inventories and steel companies import more iron ore to rebuild damaged output, analysts said.
For the time being though, fears of an ever increasing oversupplied market seem to be materializing, with rates still depressed. Just this week, China COSCO Holdings Co Ltd., the country’s top shipping conglomerate, said it saw huge challenges in the dry bulk market and urged companies "not to be quick to order new ships". Nevertheless, it added that rates could rise later this year.
Source: Nikos Roussanoglou, Hellenic Shippping
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Saturday, 28 May 11
WCI-CHINA RATES SLIDED TO 15K AND FROM ECI AROUND 12K - FEARNLEYS AS
Handy
Rates in the Atlantic remain steady/flat with the Black Sea remaining quiet with little fresh enquiries. The Continent is seeing more tonnag ...
Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500
Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman ...
Friday, 27 May 11
LARGER DRY BULK CARRIERS LEAD BDIS RALLY THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Larger dry bulk vessels have kept on leading the market’s rise this week, with the BDI (Baltic Dry Index) rising by a more than healthy 3.43% ...
Wednesday, 25 May 11
70 PERCENT OF HARUMS PRODUCTION SOLD - BISNIS INDONESIA
Coal producer PT Harum Energy Tbk claimed that out of this year's total production target of 10 million tons, 70% or 7 million tons had been sold, ...
Wednesday, 25 May 11
MINERS BACK GOVT PLAN TO FREEZE MINING PERMITS - THE JAKARTA POST
Indonesian coal miners hailed the government’s decision to impose a moratorium on the issuance of new mining permits, saying the freeze would ...
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- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- White Energy Company Limited
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Deloitte Consulting - India
- The University of Queensland
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
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