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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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Tuesday, 29 March 11
DUTY EXEMPTION UNLIKELY TO IMPACT COKING COAL PRICES - PTI NEWS
Press Trust of India News reported that, the exemption to certain types of coking coal from customs duty is not likely to impact steel prices at pre ...
Monday, 28 March 11
HARUM ENERGY FY10 EARNING UP 7.23% - INSIDER STORIES
Thermal coal producer PT Harum Energy Tbk (HRUM), controlled by Indonesian businessman Kiki Barki through his son Lawrence Barki, posted a slight in ...
Monday, 28 March 11
IBT RAISES CAPACITY OF PULAU LAUT TERMINAL - THE JAKARTA POST
The Jakarta Post reported that, coal infrastructure and logistics firm PT Indonesia Bulk Terminal (IBT), a subsidiary of PT Adaro Energy Tbk, plans ...
Saturday, 26 March 11
THE FREIGHT MARKET REMAINED A BIT VOLATILE THIS WEEK - CAPT. REDDY
COALspot.com - "The freight market remained a bit volatile this week", says Capt. Reddy, director of Vistaar Shipping Singapore.
Howeve ...
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 ...
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- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Planning Commission, India
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Australian Coal Association
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- PTC India Limited - India
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- The University of Queensland
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
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