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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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Friday, 18 May 12
EXPORT TAX WILL ERODE PROFITS, INDONESIAN COAL EXEC COMPLAINS - THE JAKARTA GLOBE
The Jakarta Globe reported that, A 20 percent export duty the government has imposed on 14 mineral ore products will not only take a toll on mining ...
Friday, 18 May 12
KOREA EAST WEST POWER LOOKING FOR TOTAL 2.6 MILLION TONS OF 4600 NAR COAL AT FIXED PRICE FOR 5 YEARS
COALspot.com - Korea East West Power Co., Ltd is inviting bids to supply of 520,000 Metric Tons (per annum) of minimum 4,600 kcal/kg coal of N ...
Friday, 18 May 12
NICKEL ORE CARGOES ARE NOT SEEN IN MARKET ANYMORE DUE TO ON-GOING INDONESIAN BAN - FEARNLEYS AS
Handy
The market remained variable.
Fronthaul voyages both from Baltic and Black Sea paid over USD 18k/day. From USG to Cont tonnage would get ...
Thursday, 17 May 12
COAL MINERS OPPOSE EXPORT TAX, SUGGEST OUTPUT QUOTA - THE JAKARTA POST
The Jakarta Post reported that, coal miners have suggested that the government apply a production quota instead of implementing an export tax in ord ...
Thursday, 17 May 12
DRY BULK MARKET STILL LOOKING FOR NEW DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept on moving sideways during this week, with the mixed performance across all segments. Yesterday, the industry’s be ...
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- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Parliament of New Zealand
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Planning Commission, India
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
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