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Thursday, 02 June 11
DRY BULK SHIP OWNERS LOOKING INTO SHORTENED WEEK WITH ANXIETY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 With most markets in the western world closed yesterday, as a result of Memorial Day, dry bulk stakeholders weren’t able to build over the positive momentum that the market gained during the course of last week. The Baltic Dry Index (BDI) was closed on Monday. Still, last week, the heightened activity in the Atlantic basin, helped all but the Handysize segments to an increase last week, and the BDI ended Friday at 1,474 points (+9.3% on the previous week). The Cape, Panamax and Supramax indices rose 11.5%, 11.9% and 2.7% respectively.
Russia’s decision to lift its grain export ban from July 1 will see the world’s third largest wheat exporter re-enter the market. Russia says it expects to harvest 85-90 million tonnes of grain this year, compared to 2010 when the drought reduced the crop to 61 million tonnes. According to the US Department of Agriculture, Russia is expected to export 10 million tonnes of wheat over the next 12 months, compared to 4 million tonnes in the year just past.
In the Capesize segment, the latest weekly report from Barry Rogliano Salles (BRS) noted “a sharp leap in the four time charter average this week on the back of good activity in the Atlantic, including a significant number of round voyages. By Friday the 4TC was back over US$10,275, having gained more than US$2,500 over the week. Bolivar-E Med posted a gain of over 12%, while Tubarao-Dunkirk logged +11%. The Pacific did not enjoy the same jump although increased activity pushed Hedland-Qingdao up 3%, and Tubarao-Qingdao 2%. One rate of US$19.85 was reported for Brazil-China and Rio Tinto and BHP were both seen in the market. Finally, a 2010-built 177,000 tonner was taken for US$11,100 per day for four to seven months trading, a rise on previous done. Holidays in the UK on Monday meant no new Baltic indices but there is a little more optimism going forward” it said.
In the Panamax front, “last week the Panamax 4TC market firmed up by US$1,600 to end on Friday at close to US$15,000 per day and all basins registered gains except the Indian market.
West of Suez, the TA round closed the week at around US$16,000 – an increase of US$1,800 per day Friday to Friday. However, some prompt vessels managed to fix at over US$17,000 per day showing a tightness of supply, mainly due to the high number of fronthauls fixed over the last few weeks and busy coal exports out of USG. In the Pacific, the Nopac round gained US$2,000 to end close to US$14,000 per day. The Indonesian area was busy exporting coal to India and China. The Indian market remained stable, paying US$13 pmt for cargoes out of WCI to China, but volumes have reduced as the monsoon is approaching. On the period side, a few vessels were getting fixed and Tess 74 vessels open prompt were able to secure around US$14,000-14,500 per day for short period ie similar to a week ago” said the shipbroker.
As for the smaller Supramax/Handy segments, it mentioned that “they fared relatively well in all areas with the help of coal shipments out of Indonesia, sugar from ECSA, grains and fertilizers from the Black Sea, scrap from the Continent and coal, petcoke and grains from the USG/Caribs. As a result, congestion is still high in Brazil, the Black Sea and in some areas of the US. For Supras, levels stand at US$13,500-14,000 in the Pacific, mid teens in the Atlantic, and low US$20,000s for trip out. But clouds are amassing. Indian iron exports have come to virtually nothing, pushing vessels to sail in ballast towards healthier areas. Likewise a few ships have started ballasting from the Far East to south east Asia.
The severe drought in north European countries (namely France and Germany) is threatening the backlog of grain exports throughout the summer. Likewise, flooding and excessive rains are putting a damper on US grain crops. And Chinese coal imports seem to have slowed down since the turn of the year. But some say that due to the historical drought facing China and the consecutive power shortages, chances are we will see China import massive amounts of Indonesian coal over the summer. Overall, interesting times ahead, also when you consider newbuilding deliveries are slower than scheduled, with 20-25% of the 2011 orderbook subject to slippage” it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
Thursday, 09 June 11
INDIKA AIMS TO PRODUCE 31 MILLION TONS OF COAL IN 2011 - THE JAKARTA POST
The Jakarta Post, a leading English news paper in Indonesia reported that, PT Indika Energy Tbk, an integrated energy company, is targeting to incre ...
Wednesday, 08 June 11
BAYAN TO DISTRIBUTE RP. 80 ( APPROX. US$ 0.00939850) PER SHARE DIVIDEND
Coal miner PT Bayan Resources Tbk (BYAN), that is controlled by business Dato' Low Tuck Kwong, will distribute Rp80 a share dividend or Rp266.7 bil ...
Wednesday, 08 June 11
CBM PRODUCTION FROM AUSTRALIA, CHINA, INDIA, AND INDONESIA IS EXPECTED TO WITNESS A SIGNIFICANT INCREASE BY 2015
Press Release - According to Global Data (December 2010), CBM production in Australia, China, India, and Indonesia is expected to witness a signific ...
Sunday, 05 June 11
COAL IMPORTS BY CHINA IS LIKELY TO INCREASE - VISTAAR SINGAPORE
COALspot.com - The freight market softened this week except for the BDI and Cape index was up, but even in these sectors the momentum was compared t ...
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- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Planning Commission, India
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
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