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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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Wednesday, 06 June 12
INDONESIAN GOVERNMENT'S DECLARED COAL PRICES CONTINUING ITS DECLINE
COALspot.com - Indonesian HBA fell to lowest level since January 2011 in June 2012. The monthly coal reference price for coal sales this month ...
Monday, 04 June 12
MITRABAHTERA SUBSIDIARY SECURES CONTRACT FROM BERAU COAL - INSIDER STORIES
Insider Stories reported that, PT Mitra Alam Segara Sejati, a subsidiary that is 60% owned by PT Mitrabahtera Segara Sejati Tbk (MBSS), has secur ...
Sunday, 03 June 12
TTI ESTABLISHES COAL TRADING & MARKETING OFFICE
COALspot.com - TTI has officially established its coal trading, marketing-office in Jakarta, Indonesia. PT. Gunung Tinggi Coal is the TTI’s fi ...
Sunday, 03 June 12
FREIGHT MARKET CONTINUING ITS DECLINE
COALspot.com - The BDI continued to fall for the fifth straight week and the BDI fell by 2.57 pct this week closing at 904 points.
The Cape Size ...
Friday, 01 June 12
TNPL HAS SECURED 300K MT OF 6000 GAD COAL AT US$ 81 CNF TUTICORIN
COALspot.com - An India based coal trader Adani has offered the lowest price of US$ 81.00 per metric ton for calorific value of 6000 GAD and 15 perc ...
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- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- The University of Queensland
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Planning Commission, India
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Parliament of New Zealand
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
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