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Thursday, 08 March 12
DRY BULK MARKET ON THE RISE; CHINAS COAL IMPORTS COULD INCREASE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market kept on rising back to healthier levels yesterday, with the BDI (Baltic Dry Index) the industry’s benchmark, marking its 8th straight increase. Yesterday, the BDI ended the session up by 1.4% to 798 points. Apart from the Capesize market, which was relatively stable (marginal retreat of just 0.07% to 1,515 points), all other ship segments were higher. The Supramax market kept up its strong rebound, rising yesterday by 2.79% to 810 points, while the smaller Handysize segment was also higher, by 1.79%.
The latest weekly report from Fearnleys, referring to the Capesize market, it mentioned that «with endless numbers of units appearing, primarily in Far East, there is presently no short-term hope for this segment. Not even significant volatility can be expected, for the same reason. Despite increasing bunker prices and fixing activity, conference trades like WAust/China still stand at below USD 8 pmt - giving daily returns much closer to zero than what is required to cover OPEX. For many owners, the most relevant alternatives are now idling tonnage to save cost/limits risks OR secure period employment – the latter still offering returns the double of spot earnings. Period activity is presently low as paper values give little support - representative fixtures include 175k dwt/blt 2011 done for 6-9 months at USD 12,350 basis delivery China prompt, also 182k dwt/blt 2010 delivery China prompt for 14-18 months at a reported USD 14500 said Fearnleys.
In a similar report, shipbroker Shiptrade Services had mentioned that owners were hoping to build upon the previous week's positivity but more or less things remained the same. Market’s stability is reflected upon the average TC routes which stand at USD 5,979 slightly decreased from last week figure. Since the majors were not capable to rise up fresh cargoes and over supply of tonnage remained, the Transatlantic round still suffers with the rates remaining below USD 5,000 per day. Surprisingly, many owners preferred the fronthaul trips which dominated the market with some fresh orders but on lower levels than last week with charterers paying USD 20.00 pmt and owners asking for USD 21. Pacific followed the same pace as last week and although iron ore majors in West Australia continued to take tonnage market remained stable. Voyages to Qingdao were fixed at USD 7,90 pmt and USD 14,00 pmt from Saldanha Bay. On the period side situation remained flat although charterers were interested in taking tonnage and rates ranging around USD 12,000 levels.
In a note to clients yesterday, Commodore Research & Consultancy said that China's coal-dedicated Daqin Railway, which rails domestic coal (mined in western China) to the eastern port of Qinhuangdao, is set to undergo scheduled maintenance beginning around March 19th. This maintenance will last for approximately 30 days, during which time the rail line will be down for 3 to 4 hours per day. With the Daqin Railway being down for such a long period of time, domestic coal rail shipments to Qinhuangdao will decline by a total of 4.5 to 7.5 million tons. «By the end of April, we expect Qinhuangdao coal port stockpiles will come under significant pressure and approach the critically low 5mt level. Right now, stockpiles are at a robust 8mt. The upcoming maintenance will put great pressure on Qinhuangdao stockpiles, and will lead to a significant increase in demand for imported thermal coal cargoes. Qinhuangdao is China's largest hub for coastal coal shipments. It is the loading port for approximately 40% of China's coastal coal shipments» said Commodore Research & Consultancy.
Commenting on the Supra/Handy markets, Fearnleys also stated that «the Atlantic Supra market continued its flat trend from last week, even with a touch of more cargoes in the market. Skaw/Passero positions fixed tick below USD 3k to US Gulf, and US Gulf positions were paid around USD 10k back to Cont. Fronthauls concluded at the USD 12k range. The Pacific market has remained firm. For Indo-India, large eco Supra can fetch close to USD 12k dop South China. Premium cargoes like nickel ore are also more and vessels for nickel ore rounds fixed at USD 15k dely North China. Nopac also fixed around USD 11k dop Japan. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 10k and ECI-China around USD 8k. RBCT rv fixed at APS USD 10k + BB USD 300k, however very few cargoes seen as there is huge gap between owners and Chrtrs ideas. Red Sea fertilizers to India are fixed high teens. Not much activity seen on short period and rates are around USD 10k for large Supra» concluded Fearnleys.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Thursday, 15 March 12
RESOURCE ALAM FY11 PROFIT UP 171% - INSIDER STORIES
Insider Stories reported that, coal mining company PT Resource Alam Indonesia Tbk (KKGI) reported a 171.16% jump in net profit last year on the back ...
Wednesday, 14 March 12
GLOBAL THERMAL TRADE FLOW CHANGES WILL ENSURE SECURITY OF THERMAL COAL SUPPLY, ALBEIT AT A HIGH PRICE - WOOD MACKENZIE
Wood Mackenzie Says Global Thermal Trade Flow Changes Will Ensure Security of Thermal Coal Supply, Albeit At a High Price Seaborne thermal demand by ...
Wednesday, 14 March 12
COKAL TAKES ANOTHER STEP IN DEVELOPING INFRASTRUCTURE TO FACILITATE METALLURGICAL COAL PRODUCTION
Global coal group, Cokal Limited (ASX-CKA), has signed Memorandums of Understanding (MoU’s) to develop two river ports and two small scale coa ...
Tuesday, 13 March 12
CLARIFICATION OF GR 24 OF 2012 REQUIRING DIVESTMENT OF FOREIGN OWNERSHIP OVER TIME
ASX Announcement
Global metallurgical coal group, Cokal Limited (ASX-CKA), is responding to the recent announcement of the Indonesian Ministry of ...
Tuesday, 13 March 12
EUROPEAN COAL CONTANGO: FURTHER STEEPNESS REQUIRED TO MAKE LARGE SCALE PHYSICAL TIME SPREAD ARBITRAGE MORE ATTRACTIVE - MISWIN MAHESH, BARCLAYS CAPITAL
COALspot.com - "With the contango between the Y+1 and M+1 ARA delivered contract now averaging above the $14/t level, there is an increasing in ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Australian Coal Association
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- The University of Queensland
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
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