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Friday, 05 August 11
DRY BULK MARKET FINALLY TAKES A BREATHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market at last caught a break mid-week after a constant fall which saw the industry’s benchmark, the BDI (Baltic Dry Index) falling to more than a three-month low. Yesterday, the index posted its second straight rise, ending at 1,268 points, up by 0.63% on the back of firming up signs in the capesize market. The Capesize Index was up by 1.80% to 1,807 points, while the Panamax markets remained subdued to 1,475 points, down by 0.41% on the day.
Commenting on the Panamax market, shipbroker Fearnley’s stated that “summer silence continue with limted cargo flow and softening levels. Atlantic somewhat, especially north, is firmer than pacific. Levels hovering arnd 14k. Some cargoes even stay unfixed due to owners not accepting charterers ideas. Limited period activtity and owners like to hold back doing short employment and wait for better levels. In the pacific rounds being closed just above 8000,- and more and more vessels ballast dir ecsa. Backhaul´ s now at weak 3600/3700 and hopefully it find some resistance now preventing further drop. Expectation´s for next 1-2 weeks is still slow activity but if rates move up or down reamins to be seen” the report said.
On the Capesize front, it mentioned that “after a quiet week and with rates dropping day by day, we finally see more activity. at the time of writing Rio Tinto taken ships in the range usd 7,85 to usd 8 pmt for west australia / china and there is clearly more support in the pacific. The other majors have been active elyer this week, but are now absent. for the front haul marked, charters have been aiming usd 19 - 19,10 rnge throughout the week, with owners at mid 19s and encouragement to do slightly less. In spite of a couple of fixtures, activity has remained week. The same goes for TARV activity, where there is few cargoes. Short period is more or less non excisting after the hype last week” the shipbroker said.
In a separate report, shipbroker Shiptrade Services said on the supramax market that it was a week with mixed feelings at both basins. “In the Atlantic region, the Continent/Mediterranean market was quiet with supras’ reported fixed around USD 4.000 per day for cargoes to USG, while scrap stems ex Continent to Mediterranean sea were done at USD mid teens. Rates for Transatlantic round remained around USD 14-15.000 per day. Fixtures for trips to Far East reported USD high teens - 20.000per day, for GOA traders ex Mediterranean. On the ECSA/F.East market fixtures reported at levels around USD 20.000 – low twenties per day basis W.Africa delivery. In the pacific market increased, with Indonesia being the driving force. Rates for Pacific round held at levels USD 9.000-10.000per day, while trips ex Nopac were performed around USD 10.000 per day basis N.China delivery (M/V Cos Orchid 55.539/06’)” said Shiptrade in its report.
On the Handysize segment, the general trend was also downward. “Rates drifted further down. “In the Atlantic region the Continent/Mediterranean/Black Sea remains flat, with not many cargoes moving eventhough we could see some coal stems to Mediterranean Sea and some grain cargoes from the Black sea. On the ECSA market grain are still available but sugar parcels are scarce. In the Pacific there was still a constant flow of coal to China, clinker to destination Bangladesh is always there, and a few steel parcels” said the report.
Meanwhile, attention should be brought on the impact of Typhoon Muifa which is likely to hit Eastern China. In a notice issued yesterday from Commodore Research & Consultancy, it mentioned that “Typhoon Muifa has continued to gain strength and remains likely to make landfall near Shanghai. As of now, the typhoon is expected to make landfall south of Shanghai, near the ports of Zhoushan and Taizhou, late Saturday night. If Typhoon Muifa ends up making landfall close to a port, port damage could occur. Coastal trade is also very likely to be affected at several ports including Wenzhou, Taizhou, Zhoushan, and Shanghai. We will continue to monitor the storm very closely and will be publishing additional updates” said Commodore.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 09 August 11
INDONESIAS COAL PRODUCTION GREW BY 19.4% LAST YEAR - BP
COALspot.com - Indonesia’s coal production grew by 19.4% last year to 305.879 million tonnes from 256.181 million tonnes in 2009, the fastest ...
Tuesday, 09 August 11
DRY BULK MARKET UNABLE TO FIND UPWARD MOMENTUM, SLUMPS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
They same that what goes up must come down and nobody seems to have found a better application of this expression, than the beleguered dry bulk mark ...
Monday, 08 August 11
OIL PRICES ARE SOFTENING, WILL IT INFLUENCE COAL PRICES?
COALspot.com - The current global economic condition is in volatility after a little chance of optimism for economic recovery.
Oil price at ...
Monday, 08 August 11
A SUPRAMAX VESSEL WAS REPORTED FIXED AT $ 12K - VISTAAR
COALspot.com - The BDI was slightly up by about 4 points closed at 1268 points which was supported by cape index which was up 3.14 pct and closed at ...
Saturday, 06 August 11
NTPC IS CONSIDERING TO ENTER INTO 25 YEARS COAL PURCHASE AGREEMENT
Indian, State-run power producer NTPC's present annual consumption is 164 million tonnes, and company is considering long-term agreements abroad to ...
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- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- The University of Queensland
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Aditya Birla Group - India
- GMR Energy Limited - India
- Australian Coal Association
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Planning Commission, India
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Minerals Council of Australia
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
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