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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
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Tuesday, 19 April 11
TNPL TO CONDUCT E-AUCTION TO SECURE 160,000 MT OF COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL) a state utility of Tamil Nadu, India to conduct reverse auction on 20 April 2011, betw ...
Tuesday, 19 April 11
ADARO TO ALLOT US$100 MIO FOR COKING COAL - INSIDER STORIES
One of Indonesia's largest coal miner PT Adaro Energy Tbk (ADRO) plans to spend US$100 million in coking coal project dubbed IndoMet Coal, a joint ...
Tuesday, 19 April 11
KPCL TO OPEN PRICE BID ON 23 APRIL 2011 TO FINALIZE ITS ONE MILLION MT COAL SUPPLIER
COALspot.com - Karnataka Power Corporation (KPCL) a state utility of Karnataka, India called for open tender for supply of one million tons of 6300 ...
Monday, 18 April 11
INDONESIA HAS SET THE APRIL 2011 COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.02 PER TON
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the April 2011 Indonesian Coal Reference Price for thermal coal at ...
Sunday, 17 April 11
THE FREIGHT MARKET APPEARS WILL CONTINUE TO BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - "The freight market continued to soften further with all segments down except for the handy size which was marginally up by 10 p ...
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- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Planning Commission, India
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Australian Coal Association
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
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