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Tuesday, 15 May 12
POTENTIAL BOOM OF CHINAS COAL IMPORTS COULD PROVIDE FURTHER SUPPORT TO DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has been moving sideways during the past week with the industry’s benchmark, the Baltic Dry Index (BDI) losing 0.53% on the start of the week, ending the session at 1,132 points. The Capesize market lost 0.12%, practically stable compared to end of the past week. The Panamax market was once again the main losing one, with the Baltic Panamax Index (BPI) retreating by 1.74% to 1,299 points. By contrast, the Handysize segment of the market continued its rebound, to end the session up by 1.14% to 623 points.
In a recent note, Commodore Research & Consultancy, commented on the ongoing decline in regional thermal coal export prices. “Indonesian, Australian, and South African thermal coal prices have all been coming under steady pressure since March. During the same time period, however, domestic Chinese prices have remained basically flat. *Outside of China, regional thermal coal prices are now at their lowest levels since late 2010*. The very attractive regional thermal coal import prices (and approaching peak summer demand season in China) will likely result in Chinese coal imports setting a new record within a few months” said Commodore.
In a separate weekly dry bulk report, shipbroker BRS mentioned that it was a second week of corrections for the Panamax market, and the BPI dropped 13.4% to 1322 points. Conversely the Capes rose slightly to 1614 (2.4%). The BSI was practically unchanged at 1112 (-0.5%) and the BHI moved up 2.3% to 616 points. Regarding the Capesize market, the shipbroker noted that “there were overall gains for the Cape market but it was a mixed picture. The 4TC rose to $8,660, a rises of 10%, but gains were only in the Atlantic and conditions softened again at the end of the week. By week-end Aus-China was assessed at $7.55 and Bra-China at $20.55, while rates in the Pacific actually came off. Overall activity was sluggish, and gains were partly attributed to the rise in the FFA market the previous week. There was some correction in the paper market last week, with rates shaking out by Friday to $10,250, $11,650 and $14,250 for June, Q3 and Cal13 respectively. The 4TC fell 65 points on Monday” said the report.
Regarding the Panamax market, it stated that “the Atlantic basin came under further pressure this week, with a significant proportion of May business seemingly being covered. Charterers appeared more willing to watch and wait for further developments before committing to the market, with bid/offer spreads on TA rounds remaining stubbornly apart. Combined with this, the overall tonnage supply remained fairly high, and as a result the 1A index dropped back from $15,088 to $13,144 w-o-w, with sentiment remaining soft moving into the new week.
Business ex ECSA has also slowed down markedly over the past week, downshifting the 2A index from $20,543 to $18,083 w-o-w. Owners appear less willing to reposition their tonnage towards the Pacific due to high tonnage supply there, along with softening demand fundamentals in both coal and iron ore markets. Pacific rounds are being reported in the region of $9,000 per day now, with the index reflecting this trend to close down at $9157. There appears some scope for further declines across both Atlantic and Pacific basins in the coming week, although possibly not quite at the dramatic rate we have seen the past week or two” it mentioned.
Finally, on the Supramax/Handy markets, it was “another relatively quiet week, and one which saw a public holiday in the UK on Monday. The Supramax market saw Atlantic and Pacific basins diverge further as an active South American grain market countered falling cargo volumes in the East. Fronthaul business remains on a positive footing indicated by a 55,000 dwt vessel taking $19,000 per day from WAF, via ECSA to the Far East on Friday. S2, the NOPAC index, saw its values fall by 5.2% over the week however many participants see this as being a tame decline given the market sentiment - the 54,000 dwt “Nicolaos A” fixed CJK/New Zealand at a lofty $11,000 in the early sessions of the week. For the larger sizes, trade from the USG has been somewhat dour, however Handy owners operating in this routes have benefited from an increasingly active Trans-Atlantic trade which pushed the index over 6% week-on-week” it concluded.
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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- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
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