We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 14 July 11
DRY BULK MARKET KEEPS FALLING ON WEAK CAPESIZE SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market kept on retreating on Wednesday, with the Baltic Dry Index (BDI) falling to 1,383 points, from 1,411 of the previous day. Capesizes have been the main losers, with the Capesize Index moving down to 1,965 points, from 2,022, while additional pressure came to them market from the Panamax segment which also lost some ground yesterday. It’s more than obvious that it will take a lot more scrapping of older vessels and a much more stronger demand for commodities around the world, to make for the incredible rise of newbuilding deliveries, which have overweighed the market since the end of 2010.
In a recent update, US-based analysts at Commodore Research & Consultancy said that “Capesize rates have come under pressure as we anticipated. In recent weeks, we alerted clients that capesize rates would likely come under pressure due to our anticipation of a lull in Chinese iron ore demand, and also due to the continued delivery of a large amount of capesize newbuildings.
Chinese iron ore fixtures have come under significant pressure as we anticipated. 10 vessels (including 5 capesize vessels) were chartered to haul iron ore to China last week. The previous week saw 21 vessels chartered to haul iron ore to China (all 21 vessels were capesize vessels). Chinese iron ore demand has remained low this week and more capesize newbuildings continue to enter the market. As a result, capesize rates are coming under pressure” said Commodore. In a latest article, Reuters mentioned that according to traders dry bulk freight rates were expected to remain subdued in July on the back of the Indian monsoon season, which will most likely reduce iron ore exports from India. Also China may import lower volumes of iron ore due to its current high level of inventories.
In its latest weekly report, shipbroker Fearnley’s referring on the Capesize market, mentioned that “after a short period where owner seems to be deciding the direction and rates kept improving, the air suddenly was out of the balloon end last week. So far this week the big ones have not appeared in the market for West Australia/China, resulting in rates dropping from usd 8.65 to usd low 8s (based on sentiment and lack of fixtures). The front haul rates have however remained steady arnd usd 20.50 bss Tub/Gd, but expected to decrease as less West Australia fixtures resulting in more ballasters. Period marked is steady, with short period rates arnd usd 12,000 dly” said the report.
On the Panamax front, Fearnley’s said that “overall the market is suffering from low activity and a bearsih sentiment where Charterers are holding back to book. North Atlantic rates remain realtively flat above the mid teens with a fine balance between fresh requirements and open positions. In the South Atalntic the almost stable 25 + 500 level gradually seems to disappear as the area clearly is suffering from an increasing number of ballasters from the east. In the Pacific the trend from last week continues. Levels in the 9,000 area and fresh buisines mainly represented by some coal from Indonesiea to China. Otherwise low activity and volumes for more open positions in the Far East. With a slowly sliding FFA market and summer holidays in Europe coming, the forecast is not exactly thrilling” said the shipbroker.
As far as the smaller Handy sector, “business from USG to Cont/Med farily healty but nervous going forward.Overall the Atlantic activity is on the low side with a negative undertone as number of open positions seems to increase. Some shortage of tonnage in the South Atlantaic with the same trend as further north – rates are softening. Pacific market remains quiet. For Indo-India, supras in South China are getting close to 10k. Nickel-ore rounds are getting firm rates in low teens. Very quiet on iron ore front due to monsoons as WCI-China, rates slid to 10k and from ECI around 9k. Little Indian tonnage seen ballasting to Indonesia and RBCT. As a result, RBCT biz fixed on APS at around 20k. Red Sea, ferts on handymax/ supras are fixed at very mid 20´s pmt on voy bss to WC India. Period deals done at 13k for large supras” said the report.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 31 July 11
CAPES ARE TRADING BELOW $ 9500 PER DAY - VISTAAR
COALspot.com - The BDI further softened by 4.46 pct and closed at 1264 points which touched below 1300 points after long time. The Cape and Panamax ...
Friday, 29 July 11
5300 ADB COAL WILL BE AT US$ 60/TON IN THIS QUARTER - RAIN
COALspot.com - PT Resource Alam Indonesia Tbk (KKGI) seeing the average selling price of its coal for the third quarter of this year will increase t ...
Thursday, 28 July 11
PTBA'S COAL PRICES UP IN H1 2011
COALspot.com - Bukit Asam’s coal prices in the second half of 2011 will expected to be higher than the first half of this year, said Sukrisno, ...
Thursday, 28 July 11
RESOURCE ALAM 1H PROFIT SURGES 208 PERCENT
Indonesia's tenth largest coal miner in term of concessions, PT Resource Alam Indonesia (KKGI), part of Rain Group, today reported a skyrocket net ...
Thursday, 28 July 11
DRY BULK MARKET EDGES FURTHER DOWN ON ADDED PRESSURE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Baltic Dry Index (BDI), an indicator of dry bulk freight rates has reached new lows this week, with yesterday’s session ending further dow ...
|
|
|
Showing 5166 to 5170 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
|
| |
| |
|
