We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 03 May 12
DRY BULK MARKET REMAINS INACTIVE, POSTING MILD DECREASE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept retreating this week, although at a very low pace, on the back of a lull in demand. The industry's benchmark, th ...
Thursday, 03 May 12
MINERS DEMAND LEGAL CERTAINTY ON PRE-BAN INTERIM POLICY - THE JAKARTA POST
The Jakarta Post reported that, Mining companies represented by the Indonesian Mining Association (IMA) welcomed the government’s plan to impo ...
Thursday, 03 May 12
HANDY EAST COAST INDIA - CHINA AROUND USD 7000 - FEARNLEYS AS
Handy - Stable demand in the Atlantic offered good rates for the tonnage.
USG/Cont was worth USD 17500 and more. Baltic and Black Sea appeared to ...
Wednesday, 02 May 12
CHINA BLACKOUTS HIGHLIGHT PRICING POLICY WEAKNESS - FITCH
Fitch reported that, the likelihood of further electricity blackouts in China this summer underlines Fitch's view of the basic problem f ...
Tuesday, 01 May 12
VIETNAM FEARS IT MAY NOT SEEK COAL SUPPLIES - TBKTSG / VIETNAMNET BRIDGE
TBKTSG / VietNamNet Bridge reported that, with five coal-run thermopower plants under construction, PetroVietnam alone would need 18 million tons of ...
|
|
|
Showing 4741 to 4745 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Parliament of New Zealand
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- VISA Power Limited - India
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
|
| |
| |
|
