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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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Thursday, 14 July 11
INDO GOVT. SETS JULY COAL REFERENCE PRICE AT US$ 118.24 PER TON
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia sets coal spot price benchmark for July 2011 at US$ 118.24 per ton, US$ 0 ...
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. Capesi ...
Thursday, 14 July 11
UNITED TRACTORS BUYS DUTA SEJAHTERA - INSIDER STORIES
Insider Stories reported that, PT United Tractors Tbk (UNTR), via a wholly-owned subsidiary PT Tuah Turangga Agung, will acquire PT Duta Sejahtera a ...
Wednesday, 13 July 11
ANOTHER FIRMER WEEK FOR THE CAPES - BRS
Barry Rogliano Salles reported that, there were mixed results for the dry bulk market this week: the Capesize and Panamax markets performed well gai ...
Tuesday, 12 July 11
INDONESIAN MINERS PLAN $70M INVESTMENT TO UPGRADE QUALITY OF COAL - THE JAKARTA GLOBE
One of the leading english language news paper in indonesia, the Jakarta globe reported that, as the government implements a ban on the export of po ...
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- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Parliament of New Zealand
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Planning Commission, India
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
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