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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, 28 January 11
MPM SEEKS 40K TONS OF INDONESIAN COAL
An Indian paper producer Mysore Paper Mills Ltd., based in Bangalore is looking for 40,000 metric tons of non-coking coal of Indonesian o ...
Friday, 28 January 11
TRADING PERMIT DELAYS THREATEN EXPORTS - THE JAKARTA GLOBE
The Jakarta Globe reported that, an ongoing wrangle over licenses for mining traders could hurt investment, a coal mining association chief said on ...
Friday, 28 January 11
DRY BULK MARKET CLOSING IN TOWARDS CRISIS LEVELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The trials and tribulations of the dry bulk market seem to have no end during the first month of 2011, as the industry’s benchmark, the Baltic ...
Wednesday, 26 January 11
ADANI TO SET-UP RAIL, PORT AND POWER PROJECTS IN INDONESIA - MONEYCONTROL
Moneycontrol reported that, Adani Enterprises, the flagship company of India’s infrastructure conglomerate the Adani Group, today announced th ...
Wednesday, 26 January 11
DRY BULK MARKET TAKES YET ANOTHER NOSEDIVE, CAPESIZES LOOK RATHER UNATTRACTIVE AT THE MOMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The downturn of the dry bulk market sees no boundariers, disproving even those who thought that at least for the capesize market, the worst had pass ...
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- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Planning Commission, India
- Central Electricity Authority - India
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- White Energy Company Limited
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- PTC India Limited - India
- Attock Cement Pakistan Limited
- The University of Queensland
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
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