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Thursday, 28 April 11
BALTIC DRY INDEX NUDGES UP AFTER DAYS OF LOSSES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 After consecutive falls, the dry bulk freight market, as followed through the Baltic Dry Index, finally caught a breather yesterday, with the BDI managing to post small gains of 0.72% to reach 1,259 points. While, these levels are among the lowest this year and by far the lowest since the start of 2009, demand seems to be picking up recently, especially for thermal coal cargoes. As a result, the Panamax market, which had been severely suffering lately, finally managed to get up to speed and post increases of 2.05% on a daily basis, with the relative Baltic Panamax Index (BPI) reaching 1,392 points. On a similar note, the Capesize market ended on positive territory yesterday, reaching 1,566 points, up by 1.29%. Still, average earnings for the heavily oversupplied Capesize segment of the market, remain below break-even levels and well below this year’s forecasts by leading investment and shipbroker firms.
According to the latest weekly report from shipbroker Fearnley’s, as expected the end of last week was quiet for the Capesize sector, due to the Easter Holidays. “This working week started flat, but a flurry of activity on the Pacific drove the rates back up to the upper usd 7.00 mark for West Australia/China. Activity on front haul has been limited but a fixture has been reported at a usd 19.80 for Brazil/China which is a welcome rise on this route. Period has been dominated by owners re-fixing vessels prematurely redelivered off long Charters, thus pushing the level for 12 months down to usd 12k´s. Longer term charters have been concluded on 206kdwt vessels at usd 20k for 5 years. The Atlantic market remains very quiet despite low coal stocks on the Continent. The index has remained largely flat but with a slight positive trend” said Fearnley’s.
Commenting on the Panamax market it mentioned that it has been oversupplied with tonnage, both in the Atlantic and the Pacific lately, although activity picked up towards end of last week and cleared out some of the tonnage overhang. “The market remained nervous early this week as well, as most of Europe came back from Easter holidays. Rates in Atlantic remained more or less the same with TA´s around USD 10-12k, and fronthauls fixed in the USD 20k region. The Far East remained over-tonnaged with rates around 8-10k, but mid week activity and rates indicated signs of some recovery. Period business vague but all the way down to mid 12 for 4-6. The FFA market traded stronger and volumes fair” said the report.
As for the Handy/Supramax markets, “in the Atlantic, little changes in rates and a very quiet start to the week. Not many fresh enquiries - it seems Owners and Charterers try to figure out which direction the market will take. A further bank holiday on Monday, England, will surely affect the market with consecutive short weeks – traders will most probably stand by. We expect more enquiries to hit the market in the next weeks (from mid-May?) but will this be enough to stop it from declining and absorb the ever increasing spot tonnage in the Atlantic? The market will remain volatile and positional. Pacific market remains quiet. For Indo-India, Supras in N.China get close to 13k. WCI-China rates slided to 15k - from ECI around 14k, but few ships seen ballasting to Indonesia as not much cargoes ex-ECI. Red Sea, ferts on Hmax/Supras are fixed at very mid 20´s pmt on voyage basis to WCI. Not too much activity on short period as market bit volatile and speculative and hear index type vessels fixed at midteens” concluded the shipbroker.
It also noted the increased newbuilding activity during the past week. Fearnley’s reported increased investments in the container and LNG sectors. In total, 27 container vessels, plus options, have been contracted over the last two weeks. “Seaspan Corp. has placed a huge newbuilding contract at STX for 10 firm plus 10 optional 14,000TEU container vessels. This order comes only few weeks after ordering a series of 10,000TEU vessels at the Yangzijiang shipyard in China. We see great activity in the LNG sector and expect more orders to come over the next few weeks” said the report.
Source: Nikos Roussanoglou, Hellenic Shipping
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Saturday, 30 April 11
BUKIT ASAM PROFIT HAS JUMPS 108 PERCENT IN Q1, 2011
The Indonesian state-controlled coal miner PT Bukit Asam Tbk (PTBA) reported a 108.07 percent jump in net profit during the first three months of 20 ...
Saturday, 30 April 11
THE PANAMAX WAS THE BIGGEST GAINER
COALspot.com - The freight market appeared to recover slightly after the Easter holidays. However they market may not move up much and likely to mai ...
Friday, 29 April 11
KOMIPO ISSUES TENDER FOR 710,000 MT OF LCV & HCV COAL
COALspot.com - Korea Midland Power Co. Ltd (KOMIPO) has issued a spot supply tender for supply of total 710,000 MT of thermal coal for delivery betw ...
Friday, 29 April 11
HARUM EYES IDR 2.58 TRILLION COAL TAKEOVER
PT Harum Energy Tbk (HRUM), that is controlled by Indonesian tycoon Kiki Barki, is poised to spend Rp 2.58 trillion (approximately US$ 301.296 mln) ...
Friday, 29 April 11
CHINA'S IMPORTS 27 PERCENT LESS COAL IN Q1 2011 - ICAP SHIPPING
ICAP Shipping reported that, China's coal imports in the first quarter were some 27% down on a year ago at 32.3 Mt (2010: 44.4 Mt). Part of the rea ...
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- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
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