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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$20,000s for trip out. But clouds are amassing. Indian iron exports have come to virtually nothing, pushing vessels to sail in ballast towards healthier areas. Likewise a few ships have started ballasting from the Far East to south east Asia.
The severe drought in north European countries (namely France and Germany) is threatening the backlog of grain exports throughout the summer. Likewise, flooding and excessive rains are putting a damper on US grain crops. And Chinese coal imports seem to have slowed down since the turn of the year. But some say that due to the historical drought facing China and the consecutive power shortages, chances are we will see China import massive amounts of Indonesian coal over the summer. Overall, interesting times ahead, also when you consider newbuilding deliveries are slower than scheduled, with 20-25% of the 2011 orderbook subject to slippage” it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 26 April 11
NTPC CALLS TENDER FOR 4 MLN TON OF NON-COKING COAL
COALspot.com - NTPC Limited, incorporated in 1975 as a public sector company wholly owned by Government of India, is the largest thermal power gener ...
Monday, 25 April 11
THE FUTURES FOR THREE YEARS WAS AT AROUND PANAMAX/US$ 14,000 PER DAY & SUPRAMAX/US$ 14,000 PER DAY - VISTAAR
COALspot.com - The freight market continued to soften further with all segments down except for the handy size which was marginally up by 10 points. ...
Saturday, 23 April 11
GUPTA COAL TO BAG ONE MILLION TONS OF COAL SUPPLY ORDER FROM KPCL AT AROUND US$ 127.53 PMT
COALspot.com - Karnataka Power Corporation (KPCL), a state utility of Karnataka, India has secured its one million tons of thermal coal with c ...
Saturday, 23 April 11
STRAITS ASIA SETS 11.5 MIO TONS OUTPUT - INSIDER STORIES
Insider Stories reported that, Singapore-listed Straits Asia Resources Limited plans to jack up its coal output target of 8.5% to 11.5 million tons ...
Friday, 22 April 11
DRY BULK MARKET KEEPS FALLING, NOW AT TWO-MONTH LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems unable at the moment to recover from the weight of newbuilding deliveries, resulting in too many ships competing for fewer ...
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- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
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