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Thursday, 28 June 12
DRY BULK MARKET HIGHER ON CAPESIZE OPTIMISM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market inched a bit higher yesterday, as the BDI (Baltic Dry Index) ended up by 0.71% to 988 points. Most ship types were up, with the Supramax Index rising by 22 points, as rates for supramaxes were up by $229 to $12,852. Similarly, average daily rates for Handies were higer by 440 to $10,334. Capesizes also moved to higher ground, as the Baltic Capesize Index was up by 14 points, or $170, with average daily rates now at $3,826. By contrast, the Panamax market has kept on falling, as average earnings yesterday were set at $7,815.
In its weekly report, shipbroker Fearnleys noted on the Capesize market that “bunker prices have stabilized at lower levels and the freight market has seemed to have stabilized, with the exception of the Atlantic which is dismal. The usual large operators have continued to turn over their fleets at stable rates (just below USD 10k daily). The front haul market has also hit a bottom, and is now flat. We do not expect any major movement in the rates and any changes are more likely to be related to bunker cost than to the basic supply and demand picture” it said.
In the Supramax/Handysize markets, Fearnley’s noted that «the Supramax market is still looking very healthy compared to the other sizes of tonnage. In the Atlantic supply of fresh orders helped the rates to reach the range of USD 24-25k for the voyages from USG/ESAM to Continent and Med. Period activity focused mainly on 3/5 or 4/6 months employments for which vessels were paid USD 8.5/10k daily based on the delivery in the East. Pacific market has been steady and looking to remain firm in coming days as rates are getting firm on Indo and Nopac rounds. For Indo-India, large eco Supra now fixed at USD 9k basis South China dely. Some owners also asking for low teens for SE Asia dely. Nopac also fixed bss at USD 10k basis Japan. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 8k and ECI-China around USD 5k. RBCT rv fixed at APS
USD 10k + BB USD 350k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 9k for large Supra” the report noted.
Finally, on the Panamax front, it noted that “even though there were fresh cargoes entering the Atlantic it is not sufficient to have any major effect on the rates due to the growing list of available ships. In the Med, the tonnage list is shorter, perhaps giving owners the idea they might achieve good rates, however it is simply not a demand for prompt vessels in this area. More cargoes are appearing in the Atlantic for end July dates, however this is of no comfort to the many owners with prompt positions. Tarvs now being fixed in region of USD 8k. The ECSA market is served by ballasters from India and the Feast were they achieve rates around USD 14.5+475k BB basis APS delivery. Pacific market is quiet but rates seem to be quite stable with Aussie and Indo RV being the prominent trades. As for Nopac, the grain cargos are quite scarce. Rates for rounds are around 5-6k. The period market finds little support and few fixtures are reported this week. Short periods like 4/6 mos are being paid in region of 9-9.5k for Feast delivery” Fearnley’s concluded.
In a relative note, Commodore Research noted the effect of the recent weather conditions (heavy rainfall) in Southern China, with regards to the dry bulk market. Commodore mentioned that Chinese hydropower production has continued to surge and is putting added pressure on demand for thermal coal. With drought conditions finally seeing real improvement, it is possible that hydropower production will approach record levels within a few months. Panamax rates have been most affected by the decline in demand for imported thermal coal cargoes and are poised to come under additional pressure” mentioned the US-based analyst.
It added that “to make matters even worse for upcoming thermal coal demand prospects (and better for hydropower production prospects), southern China is now expected to be hit by another tropical storm. Tropical Storm Doksuri is currently situated east of the Philippines and is expected to head on a northwesterly track towards China. As of now, Tropical Storm Doksuri is expected to make landfall near Hong Kong on Saturday and bring a very large amount of rain to southern China over the weekend. Hydropower production will benefit if the storm continues on its projected path and makes landfall as planned. As hydropower production increases, there will be less demand for thermal coal” the company concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 29 August 12
COLOMBIA'S MINING BOOM: PART ONE - JOSEPH KIRSCHKE
COALspot.com - Colombia stands before one of the potentially largest, most diversified mining booms in the world. Untold reserves of gold, coal, cop ...
Wednesday, 29 August 12
SECOND HAND VESSELS IN HIGH DEMAND DESPITE SUMMER SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the slow summer season, ship owners appear to be rather keen in acquiring some modern second hand tonnage at "knock-down" prices. ...
Monday, 27 August 12
BUMI BOOKS $322.1 MILLION NET LOSS IN 1H 2012 IN SPITE OF 8.6 PERCENT INCREASE IN SALES REVENUE
PT Bumi Resources Tbk, the single largest coal producer and exporter in Indonesia announces its first half financial report for the ...
Monday, 27 August 12
OVER 200 FOREIGN COMPANIES AND ENERGY MAJORS EXPECTED AT 2ND MOGP SUMMIT IN YANGON
Singapore based CMT and Machinery & Solutions Co. Ltd (M&S) announce that the 2nd MOGP Summit will be held on 3-6 September at the Sedona ho ...
Sunday, 26 August 12
SOUTH AFRICAN COAL OVERVIEW
South Africa's indigenous energy resource base is dominated by coal.
Internationally, coal is the most widely used primary fuel, accounting for ...
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- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Australian Coal Association
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- White Energy Company Limited
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
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