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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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Friday, 01 April 11
SUPRAS EX RICHARDS BAY COAL TERMINAL TO INDIA HOVERING AT $ 25 - 27.00 PMT - FEARNBULK
Handy
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 p ...
Wednesday, 30 March 11
CHALLENGER SIGNS OPTION AGREEMENTS TO PURCHASE FOUR COAL PROJECTS IN INDONESIA
Challenger Signs Three Exclusive Option Agreements to Purchase Four Coal Projects in East Kalimantan, Indonesia
Challenger Deep Resources Corp.ha ...
Wednesday, 30 March 11
KPCL TO IMPORT ONE MILLION TONS OF 6300 GAD COAL
COALspot.com - Karnataka Power Corporation a state utility of Karnataka, India called for open tender for supply of one million tons of 6300 Kcal/kg ...
Wednesday, 30 March 11
WIKA GRABS PROJECT FROM ADARO INDONESIA - INSIDER STORIES
One of Indonesia's largest thermal coal PT Adaro Indonesia has finally mandated PT Wijaya Karya Tbk (WIKA) as a contractor to install and manage ov ...
Tuesday, 29 March 11
JAPAN FACTOR RIPPLING THROUGH THE SHIPPING MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the world watching the latest developments regarding the nuclear crisis in Japan and the devastating effects of the recent tragedy that struck ...
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- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- The University of Queensland
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
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