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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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Thursday, 05 April 12
COAL EXPORT TAX: MATTER OF CONCERN FOR INDIA - SUNIL K KUMBHAT
COALspot.com - Since the issuance of Indonesian Mining law in 2009, miners have increased their activities in exploring , ex ...
Thursday, 05 April 12
AKR COAL FIRST EXPORT SHIPMENT OF COAL SEABORNE
PT Anugrah Karya Raya (AKR Coal) subsidiary of PT AKR Corporindo Tbk., Indonesia’s leading integrated supply chain solutions provider and larg ...
Thursday, 05 April 12
DRY BULK MARKET STALLS AS TREND IS REVERSED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has halted its month-long rally, with the BDI (Baltic Dry Index) retreating yesterday for a second consecutive session. Industry ...
Wednesday, 04 April 12
OIL MAY JUMP TO $150PB IF IRAN ATTACKED: EXPERT - KUNA / HELLENIC SHIPPING
Prices of oil will not drop below level of $100 per barrel and may jump to $150 pb in the coming two months, according to the prominent Kuwaiti expe ...
Wednesday, 04 April 12
CHURCHILL MINING TO ACCELERATE INTERNATIONAL ARBITRATION AGAINST INDONESIA
Churchill Mining plc (AIM: CHL), advises that notations on the Indonesian Supreme Court's register of cases shows the Supreme Court has rejected th ...
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- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Deloitte Consulting - India
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- PTC India Limited - India
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
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