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Thursday, 08 November 12
DRY BULK MARKET RETREATS AGAIN ON HIGHER SHIP SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 In further evidence of a latest round of dry bulk shipping misery, the industry's benchmark fell for the 11th straight session yesterday, as the influx of new building vessels continues to plague the market. The BDI (Baltic Dry Index) was down by 31 points to 916 points, with the Capesize market facing the biggest losses. The relative Baltic Capesize Index (BCI) was down by 4 percent to 2,098 points, while the average daily earnings were downy by $876 to $13,545. Additionally, the Panamax market was also down by 1.34 percent to 737 points. Panamax average earnings was down by $76 to $5,904 daily. Average daily earnings for handysize and supramax ships were down to $6,089 and $6,761, respectively.
According to the latest weekly report from shipbroker Fearnleys, commenting on the Capesize market, "after a couple of weeks rally, rates have been dropping throughout this week. West Australia is presently at very low 9s, compared to close to 11 end of October. Fronthaul which was excess USD 24 at the same time is presently around USD 20 (for December dates), with a lack of fixtures being concluded and some prompt/unfixed ships outside Brazil. There is a good demand for period ships, but rates are generally too low to attract owners´ attention, as they keep the recent "mini-boom" fresh in mind" the shipbroker noted.
Meanwhile, in the Panamax market, "the trend from last week continued into this week with little transatlantic business entering the market and plenty of ships looking for same. Some grain cargos for end November/beginning December destined for China are still being quoted, but at lower volumes than expected. Fhauls are now paying around mid 13k for Cont delivery or USD 14k + USD 400k bss APS USG. In the eastern hemisphere we still see a fairly active market with Indonesian coal still being shipped. The latter is however under pressure mid-week with plenty of ships competing for the same cargos. Pacific rounds are now being paid around USD 7k. The period market is not too active at the moment but still some short period deals being done in the mid 7´s for 4/8 months" said Fearnleys. In a separate report, shipbroker Shiptrade & Services noted on the Supramax markets that "Supramax market is steadily losing its pace, with the BSI Index closing at 669, a 30-point decrease compared to last week. Trips from ECSA to Med/Cont pay around USD 8,5/9000 and in comparison to Week 44, the number of cargoes from ECSA to FEAST has been substantially decreased. Fronthauls from USG to FEast pay around mid teens, whereas for delivery BSea to FEast could see numbers starting from 5 digits. On the positive side, prompt tonnage supply at ECSA is relatively low and owners are optimistic that the rates will increase in the next weeks. In the pacific supramax market, the Indonesian coal to S.E Asia and India and has set the pace, as the demand for vessels ex NOPAC and N.China has been substantially decreased. NOPAC rounds were seen closing at aps USD 7000 + 300k ballast bonus. Large, eco Supras are being fixed at around USD 11000 basis delivery Singapore.
For another week, the Indian Iron ore market has been quiet too, with ECI-China rates at levels around USD 4000 and for WCI-China at USD 3000. Regarding fertilizers from Red Sea to India there has not been any substantial difference compared to Week 44, with cargoes being fixed at levels around USD high teens. Richards Bay coal terminal fixtures were closed at USD 8000 + 200K ballast bonus on an aps basis. Short period rates for large Supras are hovering around USD 9000 but with not much activity being seen" it said.
Finally, in the Handy markets, Fearnleys said that "the Atlantic market continues to remain weak with rates further softening on FH. Rates from USG to Feast were around USD 14k and Black Sea to Feast about USD 10k. USG-Skaw-Passero rates are around USD 9k. The Pacific market remained stable with rates mostly unchanged with fair amount of cargoes and tonnages. For Indo-India, large eco Supra now fixed at USD 11k for dely Singapore. Nopac also fixed bss APS at USD 7500 + BB USD 325k. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 4k and ECI-China around USD 3k. RBCT rv fixed at APS USD 8k + BB USD 200k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 9k for large Supra" Fearnleys concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 12 November 12
THE ESTABLISHMENT OF NORTH KALIMANTAN AS A NEW PROVINCE WILL NOT AFFECT THE LOCAL MINING COMPANIES
The government of Indonesia has ensured that the establishment of North Kalimantan as a new province will not affect the local mining companies ...
Monday, 12 November 12
DRILLING COMPLETED AT THE MOORLANDS DEPOSIT, WEST BOWEN PROJECT
Press Release - Cuesta Coal Limited (ASX: CQC) (“Cuesta”) is pleased to announce it has completed its exploration activities at the Moor ...
Monday, 12 November 12
BARGE-LOAD OF 5K TONNES OF COAL FROM THE ADK JOINT VENTURE SHIPPED LAST WEEK
COALspot.com - Orpheus Energy (ASX:OEG) has announced that, it has successfully shipped a 5,000 tonne of ADK thermal coal to an Indonesian trading g ...
Sunday, 11 November 12
AN OPTIMISTIC WEEK FOR INDONESIAN SUB-BIT COAL
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for January 2013 delivery gains 2.08 percent WoW and 1.28 percent DoD on Friday, 9 November ...
Sunday, 11 November 12
THE IRON ORE AND COAL PRICES MOVEMENTS REMAINS LOW - VISTAAR
COALspot.com The market remained soft with all the sectors soft.
The BDI and was down by 4.67 pct closing at 940 points, on Friday 9 Novemb ...
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- Essar Steel Hazira Ltd - India
- The University of Queensland
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Bhatia International Limited - India
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Planning Commission, India
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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