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Friday, 03 June 11
DRY BULK MARKETS RESURGENCE APPEARS TO BE LOSING SOME STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market’s seems to be losing some steam, despite reports of growing Chinese demand for commodities, especially coal, on the back of growing power shortages. Yesterday, the BDI (Baltic Dry Index) managed to edge a bit higher by 0.27% to 1,489, with the Capesize market being the only one able to post daily gains. The Capesize Index was 1.15% higher to 1,934 points, but the Panamax segment was lower by 0.77%.
In a relative weekly report, Fearnley’s said that last week´s enthusiasm in the Capesize market has continued into this week, and the results are apparent in the rates owners are achieving. “West Australia up from usd 7.35 pmt to usd 7.75 pmt. And the strength in the Atlantic continued, with fixtures done this week at USD 13k p/d for round voyages, up from USD 12k. The transatlantic market has helped the Brazil /China trade, which has struggled to move upwards due to too many committed ballasters, and rates are now at usd 20.50 pmt, up from usd 19.75 pmt on Friday, as vessels open in the Atlantic are preferring to fix better numbers on the Atlantic RV route. On the period front there has been a few fixtures concluded for shorter period at healthier numbers such as USD 11250 for 4-6 months on a 178k dwt modern unit” said the shipbroker.
Regarding the Panamax market, Fearnley’s said that “after last week’s rush to cover prompt cargoes on the remaining spot ships with increasing rates, the market took a breather this week. The activity has been slower, and the curves have been pointing downwards in both hemispheres. Ascension day in several European countries on Thursday will probably not help on the activity, but mid week we see signs of more cargoes entering the market for mid/second half June. This will most likely affect owners´ rates, and push the market a bit up again in the Atlantic. Today the Tarv´s getting fixed in the region of 15,500 while fronthauls are being fixed in the low 20´s. In the Pacific the rounds are being fixed ard 13k while the backhauls are fetching around 6k. The period market has been somewhat more active this week with short periods being fixed with Feast delivery at ard USD 15,500” said the report.
Finally, the Handy/Supra market has in general been flat and un-exciting this week. “The Black Sea market is almost non existing while the US Gulf market is more active with grain and petcoke cargoes. Tarv´s are fecthing ard Usd 15, 500 while the South Atlantic is holding stable with rates hovering ard mid 20 ´s for trips back to the Feast. The Pacific market remains quiet. For Indo-India, Supras in North China are getting close to 11k. Nickel-ore rounds are getting firm rates in mid-high teens from Indonesia. WCI-China rates slided to 13k and from ECI around 12k. Red Sea, ferts on handymax/Supras are fixed at very mid 20´s pmt on voyage basis to WC India. Large Supras for RBCT/India round are now asking 14k. Short period deals done at 14-15k for large Supras” concluded the shipbroker’s report.
In a separate note, Commodore Research & Consultancy discussed the current power shortage issues that China faces and the fact that the government is now actively focusing more on constructing bases along the Yangtze River, Beijing-Hangzhou Grand Canal, and the coast.
“The Yangtze River, China's largest river, flows west-to-east from Qinghai province (located in western China) to Shanghai; the Beijing-Hangzhou Grand Canal stretches north-to-south from Beijing to the city of Hangzhou (located in Zhejiang province). Of strategic importance will be the city of Zhenjiang (located in Jiangsu province; please note the city of Zhenjiang is spelled similarly to Zhejiang province but the two are entirely unrelated).
The city of Zhenjiang will hold great strategic importance as a coal base because it is located on both the Yangtze River and the Beijing-Hangzhou Grand Canal. Additional coal bases will be set up along the river, canal, and China’s east coast. While there is no firm date for operation or exact estimate as to how much coal Zhenjiang and other coal bases will hold, early reports suggest that bases on the Yangtze River, the Beijing-Hangzhou Grand Canal, and the coast will hold as much as a total of 200 million tons of coal. We stress that plans have just been initiated, however, and it will be years before the bases are set up. In related news, the government recently announced that the Yangtze River will be further dredged to allow vessels with a carrying-capacity of up to 50,000 tons to be able to travel from Shanghai all the way to Nanjing (located in Jiangsu province) by 2015. We expect that the coal bases will be operational around this time as well.
China consumes roughly 3.5 billion tons of coal per year, however, so we stress that more than anything, these coal bases will eventually be used to ease inland transportation constraints when problems arise from transporting domestic coal from the western and central part of the country to end-users on the east coast Coal imports should be viewed in a similar fashion, as they make up only a fraction of the total amount of coal consumed in China every year. Surges in imports normally occur when demand is strong, port stockpiles are low, and when inland coal transportation constraints occur” concluded Commodore.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 16 June 11
BOOSTING THE USE OF LOW CARBON ENERGY FOR A BETTER WORLD
Bali, Indonesia host of world renewable energy congress – Indonesia, international conference & exhibition on renewable energy and energy ...
Thursday, 16 June 11
FREIGHT MARKET FAILS TO RECOVER - DREWRY / HELLENIC SHIPPING
With demand failing to improve enough to contain the colossal increases in supply, the dry bulk freight market stayed near the dreadfully low levels ...
Thursday, 16 June 11
VALLAR CONTROLS 84.7 PERCENT STAKE IN BERAU COAL - INSIDER STORIES
Insider Stories reported that, London-based investment company Vallar Plc, via its subsidiary dubbed Vallar Investments UK Limited, today announced ...
Wednesday, 15 June 11
INDONESIA NEW COAL POLICY WORRIES INDIA POWER FIRMS - MYDIGITALFC
Tata Power, Adani group, Lanco Infratech and Reliance Power, among other Indian coal importers, are waiting to assess the impact of the Indonesian g ...
Wednesday, 15 June 11
BAYAN RESOURCES OWNS 56 PERCENT KANGAROO - INSIDER STORIES
Australia-listed coal miner Kangaroo Resources Limited (KRL) has obtained final approval from its shareholders to complete its US$277 million acquis ...
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- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
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