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Thursday, 22 December 11
DRY BULK MARKET KEEPS LOSING TRACTION AHEAD OF HOLIDAY SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market kept retreating in the middle of the week, as charterers seem to be looking towards the holiday season and the start of the new year, in order to proceed with new dry bulk orders. As a result, the industry’s benchmark, the BDI (Baltic Dry Index) fell once again on Wednesday to 1,856 points, down by 1.17% on the day, with Panamaxes erasing the previous gains and losing 2.16% on the day. The Baltic Panamax Index now stands at 1,720 points. Similarly, demand has thinned out for Capesizes, with the respective index falling by 1.09% yesterday to 3,526 points. Supramaxes were unchanged, while the demise of the smaller Handysizes wasn’t about to end yesterday.
Commenting on the Panamax market, shipbroker Fearnleys said in its latest weekly report that “limited fresh business appearing in both hemispheres as Christmas is getting closer, causing the market to slide slowly. As the majority of December cargoes have been cleared out and the list of open positions is growing, expectations for the coming days and weeks are not over enthusiastic. 15k for TA, 25k for trip out, and 11k for Pacific rounds represents market levels this week. 2011 seems to end where it started, with a BPI on about 14000 and on a downward trend. Fluctuating from lowest 10372 Feb 2nd to highest 17115 March 11th the year is about to close with an average BPI also at 14000. With a descending forward curve passing 11500 for 2012 it may be highly relevant to wish all market participants a Merry Christmas and a Happy New Year!” said Fearnleys.
On a similar note, Piraeus-based shipbroker Shiptrade Services mentioned that in the Atlantic basin “we saw fresh cargoes in the market, and few vessels were fixed for short period, a few transatlantic round with coal via USEC, and in the Mediterranean a few round trips with grains ex Bl.Sea. At week’s end, rates for Transatlantic round concluded at USD 15.900 per day, while on the Fronthaul, rates concluded at USD 26.000per day, or close to USD 26.000 + 600.000 ballast bonus basis APS USG. In the Pacific basin Owners were also unwilling to drop their rates as some fresh cargoes ex NOPAC or Australia emerged into the market. Many fixtures were reported at levels of USD 10.000 – 11.500 per day basis N.China delivery for a trip via NOPAC, while rates for trip ex Australia concluded close to USD 12.000 per day” said Shiptrade.
Referring to the Capesize market, Shiptrade stated that Atlantic basin is getting quiet, but Pacific remained active. Rates in the Atlantic started to ease since there was not much of activity. Rates for trips to F.East concluded at USD 55.000 per day, while rates for Transatlantic round concluded close to USD 32.000 per day. Fronthaul market was also quiet but some fixtures concluded around USD 29.50 - 30.50pmt basis Tubarao/ Qingdao.
Pacific basin seemed to be a bit active with Iron ore majors covering about 10 vessels. At week’s end, rates for the Dampier/Qingdao trade concluded around USD12.00 pmt. On TCT basis, rates for Pacific round concluded at USD 31.500 per day basis N.China delivery.
Panamax: Market moved upwards across both basins, as Owners seemed reluctant to reduce their levels and held their position” said Shiptrade.
Meanwhile, Fearnleys mentioned that the Cape market has remained strong in the near term, but sharply dropping off for slightly forward dates. “Spot Pacific vessels have commanded high premiums with an extreme high of USD 17.20 being paid, for West Australia to China, at the end of last week for very tight dates. End December cancelling has demanded USD 14.50, while second half January is being fixed at a much lower USD 11.25. January front haul positions are very tight with few or no ballaster, and recent rumours indicate rates for Brazil/China being paid well over USD 30.00 (perhaps even USD 32.00). The one-year period market has now been done at a new high of USD 18500. Although the curve has moved, the sentiment is still pessimistic and the forward market is discounted heavily” said the shipbroker in its report.
On the Supramax front, Shiptrade said that “rates remained steady accoss both basins. In the Atlantic basin, still USG region still is the best place to be as rates for trip to continent/East Mediterranean remained at USD mid 20’s per day, while for trips to F.East fixtures reported at USD low/mid 30’s per day. Ex Continent, rates for trips to East Mediterranean/ Bl.Sea concluded around USD 18.000 per day. On the Fronthaul trade, rates for trips ex Continent concluded at USD low/mid 20’s per day, while trips ex Bl.Sea via G.O.A concluded at USD mid 20’s per day even though there were not so many cargoes available. Pacific basin saw rates stabilising and some fixtures reported at very good rates, since both Charterers and Owners were looking to cover their vessels/cargoes prior Christmas. Positions in S.China/S.E.Asia interested for Indonesian coal to China were fixed at rates around USD 6-7.000per day. On the other hand, for the N.China positions, there were a few cargoes ex NOPAC, and one or two fixtures reported at USD 7.000per day + 400.000 ballast bonus basis APS” concluded Shiptrade.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 22 December 11
RI WILL NOT PLAY CATCH-UP WITH GLOBAL COAL DEMAND - THE JAKARTA POST
The Jakarta Post reported that, the International Energy Agency (IEA) has predicted in its Coal Market Report 2011 that over the next five years, gl ...
Tuesday, 20 December 11
THE COAL IMPORT INTO CHINA WAS QUIETER AS COAL STOCKS WERE AT HIGH LEVELS - BRS
The BDI ended the week at 1888 points (-1.8%), the BCI corrected to 3572 (-3.4%), the BPI was up at 1,775 (+3.6%), the BSI dropped to 1193 (-3.0%) a ...
Tuesday, 20 December 11
INDIA IMPORTS 66.41 PERCENT MORE COAL FROM INDONESIA LAST MONTH - SOURCES
COALspot.com: Indonesia, the world largest coal exporter, shipped 33.476* mln mt of coal in November, which is slightly higher than its Octobe ...
Monday, 19 December 11
KOPEX COMMITS ADDITIONAL ONE MILLION DOLLAR FOR PT TRANSCOAL MINERGY
COALspot.com - Mining contractor Kopex has agreed to extend a further US$1 million to finance the remainder of the expanded drill program at PT Tran ...
Monday, 19 December 11
PLN WILL NO LONGER BUY COAL FROM TRADERS
COALspot.com - Indonesia's state electricity company PT Perusahaan Listrik Negara will no longer allow traders to become their suppliers, said, its ...
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- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
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