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Wednesday, 03 August 11
DRY BULK MARKET SINKS TO THREE-MONTH LOWS, BUT CAPESIZES COULD TURN THINGS AROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market kept on falling this week, on the back of slow cargo demand amid the summer season. Yesterday, the BDI (Baltic Dry Index), the industry’s benchmark edged further down to 1,253 points, 0.24% lower on the day, but the big news could be found in the positive signs emerged in the Capesize segment. The Baltic Capesize Index (BCI) was up by 0.63% yesterday, which could be coincidental, but could also be the start of a tipping point to the market’s negative sentiment. Elsewhere, Panamaxes were still down by 0.8%, while supramaxes were also down by 0.16% to 1,252 points.
According to the latest weekly report from Paris-based shipbroker Barry Rogliano Salles (BRS), during the course of last week the BDI fell by 4.5%, mainly as a result of a 5% fall of the Capesize market. “In Japan the Institute of Energy Economics for Japan (IEEJ) reported that alternative energy imports would rise significantly if local authorities kept reactors shut after routine maintenance due to safety concerns after Fukushima. According to the IEEJ, power companies would boost run rates for existing coal plants to 85%, up from current levels of 80%. This would lead to an 8.65m tone increase in coal imports for the 2012/13 year, a near 10% increase on the previous year. By May 2012, all 54 of Japan’s commercial reactors could go off line if safety fears delay their restart after regular maintenance” said BRS
Referring on the Capesize segment the report said that “a 6% slip in the BCI and a $1,400 drop in the four time charter average Fridayto-Friday confirmed there was more softening in the market, with the biggest declines in the Atlantic market where, although tonnage remains relatively tight, sentiment is falling away. That said, TA rates were still around $10,000 per day, and Braz-China is still offering $19-$20 per tonne. In the paper market, Q4 rates have now fallen to $10,900 per day, although there is some expectation of a market improvement in Q1 2012 which is now trading around $11,100” it mentioned.
On the Panamax front “in the Atlantic the overall supply of tonnage remained high over the past week, with many ballasters arriving from the Pacific. A degree of resistance has been seen from owners, leading to a relatively steady 1A index trend although overall sentiment remains bearish. The 1A index declined by an average of $55 per day (22/07/2011 – 01/08/2011), a total decline of $384. Reported fixtures were thin on the ground, and there remains little impetus for a sustained rise in rates anytime soon. In the Pacific the number of vessels ballasting towards the Atlantic provided some degree of stability to rates, however little change was seen in the past week, with 3A rates finding an apparent ‘floor’ at around $8,000 per day+. Overall activity remains fairly muted in what was a very quiet week, and this trend may continue unless we see some notable improvement in cargo volumes. On the period front, there was limited enquiry over the week, with just a few fixtures to report. The overall trend was one of further softening, and TESS 74 were getting fixed at around $11,000 for short period” said the report.
Finally, on the Supramax/Handy segment, the Baltic Supramax Index went down by 12 points to finish at 1,259 points last week, while the average of the time charter routes lost about $120 daily to finish at $13,161 per day. The market was active in the Atlantic, tonnage and cargoes remaining quite balanced. Supras ex South America fixed for trip to the Far East at rates close to $20,000 daily with equivalent ballast bonus. In the Med and Black Sea, we noticed some lack of requirement - sustained with interest for ships for few legs or short period. In the Pacific, EC India-China was fixing at rates close to $9/10,000 daily while China-India via Indonesia rated $11,000 daily. On the smaller sizes, the Baltic Handysize Index went down by 21 points to finish at 676 points with the time charter routes losing $328 to reach $9,944 daily. The TARV was worth $11,000 per day, whereas the Pacific round voyage was trading close to $8,500 daily. On the period front, a recently built 57,000 dwt fixed with delivery China for 4/6 months, redelivery worldwide, at $11,000 daily” concluded BRS.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 26 August 11
INTRACO EYES US$200 MIO COAL TAKEOVER - INSIDER STORIES
Heavy equipment distributor PT Intraco Penta Tbk, that was founded by Halex Halim, is scouting a coal acquisition with the valuation above US$200 mi ...
Thursday, 25 August 11
OPG EXPECTS COAL PRICES TO REMAIN FIRM IN THE SHORT TERM
COALspot.com - Revenue of OPG, the developer and operator of Group Captive power plants in India up 188% to £33.15m and Income from continuing ...
Thursday, 25 August 11
PAITON POWER LOOKING FOR 3.96 MILLION TONS OF COAL
COALspot.com - PT Pembangkit Jawa Bali (PJB) is looking for 3.96 million tons coal with calorific value 4,800 kcal/kg on as received basis. Accordin ...
Tuesday, 23 August 11
ICMA CALLS GOVERNMENT TO REVIEW EXPORT BAN REGULATION
COALspot.com - Chairman of the Indonesian Coal Mining Association (ICMA) Bob Kamandanu asks the government to review the regulation that being draft ...
Tuesday, 23 August 11
ADARO ENERGY ACQUIRES 75% STAKE OF PT MUSTIKA INDAH PERMAI FOR US$ 222.5 MILLION
COALspot.com - PT Alam Tri Abadi, a wholly owned subsidiary of PT Adaro Energy Tbk, signed a share purchase agreement to acquire a 75% stake of PT M ...
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- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Australian Coal Association
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
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