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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$20,000s for trip out. But clouds are amassing. Indian iron exports have come to virtually nothing, pushing vessels to sail in ballast towards healthier areas. Likewise a few ships have started ballasting from the Far East to south east Asia.
The severe drought in north European countries (namely France and Germany) is threatening the backlog of grain exports throughout the summer. Likewise, flooding and excessive rains are putting a damper on US grain crops. And Chinese coal imports seem to have slowed down since the turn of the year. But some say that due to the historical drought facing China and the consecutive power shortages, chances are we will see China import massive amounts of Indonesian coal over the summer. Overall, interesting times ahead, also when you consider newbuilding deliveries are slower than scheduled, with 20-25% of the 2011 orderbook subject to slippage” it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Saturday, 30 April 11
THE PANAMAX WAS THE BIGGEST GAINER
COALspot.com - The freight market appeared to recover slightly after the Easter holidays. However they market may not move up much and likely to mai ...
Friday, 29 April 11
KOMIPO ISSUES TENDER FOR 710,000 MT OF LCV & HCV COAL
COALspot.com - Korea Midland Power Co. Ltd (KOMIPO) has issued a spot supply tender for supply of total 710,000 MT of thermal coal for delivery betw ...
Friday, 29 April 11
HARUM EYES IDR 2.58 TRILLION COAL TAKEOVER
PT Harum Energy Tbk (HRUM), that is controlled by Indonesian tycoon Kiki Barki, is poised to spend Rp 2.58 trillion (approximately US$ 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 ...
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 ma ...
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- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Australian Coal Association
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
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