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Wednesday, 15 June 11
DRY BULK MARKET WEAKENS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Despite this time of year traditionally being one of the busiest for the dry bulk market, it seems that in the post-crisis era trade patterns are constantly evolving and changing. The Baltic Dry Index (BDI), the industry’s benchmark, fell yesterday to its lowest in more than three weeks, ending the session down to 1,400 points, retreating by a total of 0.85%. The main reason was the weaker capesize activity, with shipbrokers reporting lower demand. As a result, the Baltic Capesize Index fell by 2.19% to 1,694 points, while a smaller fall of 0.6% was also noted in the Supramax segment. The only “survivor” of this latest downfall of the market, has, so far, been the Panamax market, which is steadily outpacing the oversupplied Capesize one. Panamaxes were higher by 1.28% yesterday to 1,975 points.
In its latest weekly report, Paris-based shipbroker Barry Rogliano Salles (BRS) said that the past week was characterized by yet more instability, with the Capes, Supras and Handies losing ground, and the Panamax gaining, a pattern carried on in this week as well. “Stockpiles of imported iron ore at China’s major ports rose by almost 1% this week to a new high of 93.43 million tonnes. It follows a 0.8% increase in imports in May to 53.3 million tonnes compared to the previous month. Despite government efforts to curb overheating, and low profit margins for the industry, production at China’s steel mills remains robust. The mills produced a record 60.25 million tonnes of steel in May. Demand is expected to stay strong until July, when the quieter summer season begins. Power rationing could also curb some activity between June and September” said BRS.
On the Capesize market, it said it’s been “a quiet start to the week saw rates drop in the Pacific, and then subsequently spread to the Atlantic. Overall the BCI dropped nearly 11% to 1735, with Atlantic routes taking the biggest hit. In the Pacific, Tubarao-China was fairly busy but ultimately rates dropped around 5% w-ow, and out of Australia there was a good flow of cargoes, but even here the oversupply of tonnage pushed rates down slightly by around 3%. The 4TC finished on Friday at US$9,320 per day, down from US$11,773 the previous week. The BCI dropped 12 points on Monday, and there was uncertainty about the future direction of the market” said the shipbroker.
As for the best performing market, the Panamax one, “Friday to Friday, the Panamax market rose by US$1,300 in the Atlantic (US$16,800 per day) and $1,400 in the Pacific (US$14,500 per day). In the Pacific, the Indo and Australian coal cargoes were keeping prompt vessels active, giving some fresh air to owners. Out of India, however, iron exports were less active and vessels were not achieving more than US$12.50 pmt basis ECI/China route. In the Atlantic, the number of available ships was much less than a month ago and this basin seemed to have found a real stability. Period wise, the market has been extremely quiet throughout the week mainly due to a weak forward FFA market. Rates for short period remained stable at around US$14,000/14,500 per day for short period dely North China redelivery worldwide” noted the report.
Finally, on the smaller ship types of the Supramax and Handysize class, BRS mentioned that “the Baltic Supramax Index came off last week from US$15,004 to US$14,009, mainly driven by the eastern side due to the oversupply of vessels in the Pacific and the start of Indian monsoon. A 56,000 dwt was fixed for a Nopac round last week at US$13,500 daily, while a week later a 52,000 dwt was fixed at US$10,000 for a similar trip. Supramax have been fixed from India to China around US$9,000 daily compared to a week earlier when it was around US$12,000. The worst we noted was a Supra fixed spot China to ECSA at US$6,500 daily. The Atlantic remained stable due to a good activity in USG and ECSA, in particular a 58,000 dwt was fixed at US$28,800 from USG to Cont. In the smaller sizes, the Baltic Handysize slightly decreased by 16 points to reach 749, while the average of the TC close at US$11,110. Handysize were fixed in the high teens from ECSA to Cont, and similar numbers have been seen from USG. The Black Sea saw a lack of activity this week but rates remained ok with a modern 28,000 dwt fixed at a good rate of US$7,500 to USG, while other vessels were fixed at US$10,000 to Wafr. In the East, rates are decreasing slightly and a 37,000 dwt was fixed for a Nopac round at a similar rate as Supramaxes at US$10,000, in line with the Baltic index. Only one fixture has been reported from India to China for a 33,000 dwt, also at US$ 10,000.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 23 December 10
SOUTHGOBI RESOURCES CLOSES STRATEGIC INVESTMENT IN ASPIRE MINING LIMITED
Press Release – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), announced today that it has completed the private placement with Aspire Mining ...
Thursday, 23 December 10
CESC EYES COAL MINES IN INDONESIA, S AFRICA - TEHELKA
Company has already set a target of adding 6,000 MW power generation by the end of the 12th Plan in 2017
Tehelka reported that, CESC Ltd, the fla ...
Thursday, 23 December 10
SANTA CLAUSE DID NOT COME EARLY THIS YEAR - FEARNBULK
Handy
Not much fresh enquiry this week and quite dead in Bl.Sea/Med. Nevertheless ...
Thursday, 23 December 10
STERLITE ENERGY LIMITED TO BUY 0.6 MLN MT OF COAL FOR 2011
COALspot.com - Sterlite Energy Limited (SEL) is a part of Vedanta Resources plc , a London listed FTSE 100 diversified metals and mining major with ...
Wednesday, 22 December 10
PEABODY ENERGY TO SOURCE INDONESIAN COAL FROM PT SUPRA BARA ENERGI (SBE) - COAL GEOLOGY
Coal Geology reported that, Peabody Energy has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the e ...
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- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Australian Coal Association
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Parliament of New Zealand
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
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