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Thursday, 10 May 12
DRY BULK ERRATIC ON LACK OF DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has kept up its erratic behavior as it went down again during yesterday’s session, on a lack of direct guidance in terms of sentiment. The industry’s benchmark, the Baltic Dry Index (BDI), was down by nine points yesterday to 1,156 points, with most ship types retreating. The most losses were recorded from the Panamax market, which was down by 51 points to 1,390. At the same time, the Capesize and the Supramax markets were marginally down by 3 and 4 points respectively. The Baltic Capesize Index reached 1,628 points, while the Supramax Index ended yesterday’s session to 1,115 points. By contrast, the Handysize market was the only one which managed to keep up its pace, up by two points to 606 points.
In its latest weekly report, shipbroker Fearnleys said, referring on the Capesize market that “although still at levels covering little more than operating expenses, spot earnings improved by some 35% w-o-w. All or most of it is attributable to a healthier supply/demand balance for early positions in Atl - T/A business in particular. Atl rounds are up 100% to some USD 8200 on the back of tight prompt tonnage supply, whilst fronthaul levels are up only some 15% as a steady flow of ballasters from F.East keeps feeding this trade with more than sufficient tonnage. Nominal levels for the WAust/China conference trade are unchanged at an uninspiring USD 7.50 pmt, and only reduced bunker prices bring values for Pac rounds up 20% to USD 6750 - still a loss-making level for most ships. As usual when spot improves with support of paper, period activity has been substantial - exemplified by 170kdwt/blt 2001 S.Korea spot done for 4-6 months at USD 11750, 170kdwt/blt 1999 N.China mid May for 11-13 months at USD 11700, and 151kdwt/blt 1995 China prompt for 11-13 months at USD 10k said Fearnleys.
On the Panamax front, the shipbroker stated that there was a “lack of fresh grain cargoes from ECSA is taking the market down in a rather steep decent for Atlantic fronthaul candidates and ballasters from the Pacific. 17 + 700 APS achievable mid-week. Transatlantic rounds are also coming off the mid teen level for the same reasons; lack of fresh requirements. In the Pacific some more Indonesian coal is not enough to prevent a sliding tendency as NOPAC and Aussie buiz is slower. Rounds are now under 10,000. Activity level is decreasing and sentiment losing confidence short term in both hemispheres, well supported by a falling forward curve» stated the shipbroker.
As far as the Handy markets were concerned, the report mentioned that Atlantic market kept fairly stable, with fresh requirements fetching the spot tonnage. Skaw-Passero positions fixed around USD 5k for T/A shipments, while US Gulf fixtures were hovering around USD 20k for Cont direction. Fronthauls fixed same levels as last week, with fixtures reported at USD 17-18k levels. Pacific market has been weak and falling. For Indo-India, large eco Supra can fetch close to USD 11k bss N.China . Nickel ore cargoes are not seen in market anymore due to on-going Indo ban which has again taken away cargoes and putting pressure on market. Nopac also fixed around USD 10k 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 7k. Some ECI Supras have been ballasting to pick up Indo cargoes as well. RBCT rv fixed at APS USD 11k + BB USD 350k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 11k for large Supra said Fearnleys.
Regarding the newbuilding market, Fearnleys noted that it was a slow newbuilding market with only 5 contracts to report over the last week, all being Dry Bulk vessels. The South Korean Dongbu Group is behind the order of 4 Handysize Dry bulk vessels contracted at STX Dalian. Niovis Shipping of Greece has returned to Japan´s Mitsui ordering one 66,000 dwt Dry Bulk vessel. This is a new designed wide-beam and low draught version being able to compete with Panamaxes in draught-restricted ports. Hence, the slow order intake this week, yards are reporting continued interest and enquiries for MR and LR2 tankers and we expect to see more orders in these segments in the coming weeks.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 12 June 12
ITACHA RESOURCES BUYS SARANA MARINE - INSIDER STORIES
Insider Stories reported that, coal mining company PT Itacha Resources, a joint venture between Anthoni Salim and Glenn Yusuf, announced that Itacha ...
Monday, 11 June 12
BAHANA FORECASTS THE COAL PRICES WILL FALL FURTHER
COALspot.com - Growing US coal supplies + low shipping costs = Asia as target.
According to Irwan Budiarto analyst at Bahana Securities, US ...
Monday, 11 June 12
ASIAN COAL TRADING COMMUNITY EMBRACES API 5 AND API 8
Press Release - The Asian coal trading community is embracing the API 5 and API 8 indexes for its swap contracts.
The API 5 index represents 5,50 ...
Sunday, 10 June 12
FREIGHT MARKET EXPECTED TO REMAIN WEAK FOR NEXT FEW WEEKS - VISTAAR
COALspot.com - The BDI continued to fall this week and down by 2.99 pct closing at 877 points.
The Cape index also was down by 5.78 pct closing a ...
Friday, 08 June 12
ESSAR ENERGY RECEIVES FINAL APPROVAL FOR INDONESIAN COAL BLOCK
COALspot.com - Essar Energy plc, the India-focused integrated energy company, today announced that it has received final ‘Pinjam Pakai’ ...
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- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- The University of Queensland
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
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