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Thursday, 05 July 12
DRY BULK MARKET MOVES FURTHER UP THE HILL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has kept its growth momentum by the middle of the week, as the BDI (Baltic Dry Index) rose by an additional 40 points to 1,103 points yesterday, as a result of stronger demand for Capesizes, ships of up to 180,000-200,000 tons used to haul cargoes like iron ore and coal. The respective BCI (Baltic Capesize Index) was up by 79 points to 1,369, while almost all ship types were higher on Wednesday. It was just the Handysize market which was practically unchanged to 716 points.
In its latest weekly report, shipbroke Fearneys commented on the Capesize market by stating that “the Cape market has been slowly but surely coming back over the past week with C4TC pushing up by USD 2k on the spot level and USD 1k on mtd. With a slow end to the week and start to this one the Atlantic basin has finally got a more positive feel with some positional tightness and very few ballasters arriving in the next few weeks, C3 levels are again back over the USD 18 level. The Pacific has also shown upwards momentum with C5 back over the USD 7 level, a relief to owners that it is clawing back from the mid USD 6 level it has been down too in the past couple of weeks, this is due to more activity from the major miners on this route. There has been a little period activity seen as the market ticks up, around the USD 10k-11k level seems about the current level” it noted.
On the Panamax front, Fearnleys noted that “stimulated by a steady flow of fresh spot requirements, predominantly in the Atlantic, the market has firmed up to higher levels at higher volumes. In the western hemisphere a tighter tendency pushes rates closer to 10k for T/A rounds and upper teens for fronthaul as most owners hesitate to go east. The sentiment remains positive in the Pacific with rates climbing to 8k for NOPAC and 10k for ECSA rounds bss Singapore delivery. Assisted by the optimism takers are looking for efficient tonnage for period at around 8k for short period and upper 9´s for about 1-year period. The forward curve is not moving considerably as long term demand vs. supply fundamentals remains gloomy” it noted.
Finally, on the Handy front, the report mentioned that the “Supra market in the Atlantic climbed slowly during the last week, with fresh cargoes entering the market. Cont/US Gulf fixed tick above USD 5k/day, while US Gulf/Cont concluded close to USD 27k/day. Fronthauls ex Cont were paid around USD 23600, while tonnage ex Canakkale fixed around USD 24500. The Pacific market has seen increased activity and rates are getting firm on Indo and Nopac rounds. For Indo-India, large eco Supra now fixed at USD 8k basis North China dely. Some owners also asking for mid-teens for SE Asia dely. Nopac also fixed at USD 9k 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 360k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 10,500 for large Supra” Fearnleys concluded.
In an update on the market, Commodore Research & Consultancy mentioned that “in June, various parts of southern China (which is where the majority of China’s hydropower is produced) received more than double the amount of rain that historically occurs every June. A large part of southern China normally receives 200 to 250 millimeters of rain every June. This past June, however, several parts of southern China received 400 to 500mm of rain.
Chinese hydropower production has been able to continue to surge as a result of the heavy rainfall. Most recently, Tropical Storm Doksuri made landfall on Saturday and helped pushed month-end rainfall totals over 400mm in many areas. *The surge in hydropower production will continue to put pressure on Chinese thermal coal demand*. Southern China has largely recovered from drought, and we believe hydropower production stands a good chance of setting a record in July or August” it noted.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 03 July 12
DRY BULK MARKET INCHED FORWARD AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched forward at the beginning of the new week, prior to the US holidays regarding the celebration of the 4th of July, which is ...
Monday, 02 July 12
ORPHEUS STRENGTHENS REVENUE STREAM WITH NEW ROYALTY AGREEMENT AT THE B2 COAL PROJECT
Orpheus Energy (ASX:OEG) is pleased to advise that it has executed a life of mine Royalty Agreement with Indonesian mining contractor PT Debbia Mini ...
Monday, 02 July 12
DRY BULK DEMAND TO RISE TO 3.6 BILLION TONNES IN 2012, BUT NEW BUILDING DELIVERIES ARE
In its latest analysis on the dry bulk market fundamentals, DVB Bank said that dry bulk cargo demand is forecast to rise to approximately 3.6 billio ...
Sunday, 01 July 12
AUSTRALIAS CARBON TAX - SUNIL K KUMBHAT
COALspot.com - Climate Change
Climate change and global warming have now become buzzwords the world over. The disastrous consequences for global ...
Sunday, 01 July 12
DSP OF SGX ASIACLEAR OTC COAL SWAP'S THIS WEEKS MOVEMENTS SLIGHTLY POSITIVE
COALspot.com - SGX AsiaClear OTC Coal Swaps have recovered slightly this week and Q4 deliveries are also showing positive direction.
SGX’s ...
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- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- The University of Queensland
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
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