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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, 19 August 11
AUSTRALIAS' ATH TO ACQUIRE 60% OF APUAH COAL MINE IN INDONESIA
COALspot.com - Australian listed company, Atech Holdings Limited (ATH) has entered into a conditional binding term sheet to acquire 60 percent stake ...
Friday, 19 August 11
INDIA IMPORTS LESS INDONESIAN COAL THAN CHINA IN JULY
COALspot.com - Indonesia shipped 31.30 Million tons of coal in July 2011, up by 10.69 percent compared to June's export of about 28.27 ...
Thursday, 18 August 11
INDONESIAS PROPOSED LOW GRADE COAL EXPORT BAN WILL NOT HAVE A SIGNIFICANT IMPACT ON INDIA - MISWIN MAHESH
COALspot.com - The Indonesian government is currently in the process of drafting a new regulation that could ban the export of low-grade coal by Jan ...
Thursday, 18 August 11
MARUBENI ACQUIRED 42.86% OF YTL JAWA POWER
COALspot.com - Marubeni Corporation (Marubeni) has completed the acquisition of 42.86 percent of the shares of YTL Jawa Power Holdings BV from YTL P ...
Wednesday, 17 August 11
CME LAUNCHES ARGUS COKING COAL SWAP FUTURES
COALspot.com - Argus media reported that, leading exchange CME Group will list an Australian coking coal swap futures contract for trading on the Ny ...
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- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- White Energy Company Limited
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Economic Council, Georgia
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
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