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Thursday, 14 March 13
DRY BULK MARKET KEEPS ON RISING MOMENTUM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market has maintained its rising momentum, on the back of increased cargo availability. According to yesterday's figures, the industry's benchmark, the Baltic Dry Index (BDI) was up by 10 points, reaching a total of 875 points. Capesizes were unchanged yesterday, as the relative Capesize Index was steady at 1,314 points. Still, the Capesize market gained an impressive 11 percent just in one day, during Tuesday. This was the biggest single day gain since mid-January. During yesterday's session, the Supramax segment was the strongest, posting a daily gain of 14 points, to reach 903 points in total. Panamaxes also gained to reached 1,138 points, while slight gains of four points were also in store for the smaller dry bulk carriers (Handysize-Handymax).
According to the latest weekly report from shipbroker Fearnleys, in the Capesize market "some optimism surfacing as west Australia activity was picking up with increased demand for earlier ships. However as the end of the week approached, the optimism was vanishing as west Australian shippers turned quiet. Front haul activity remains dull, with Vale still being out of the game. Period rates have remained stable, with short period rates close to $10,000 a day.
Fearnleys went on to mention that "the Panamax segment has experienced a good period lately thanks to the grain season in S.Am soaking up vsls from both the Pacific and Atlantic.
This has led to up to 25 days congestion in several of the main grain ports in the area, and now shippers ask the operators to delay their shipments a bit to take away some of the piled up ships, which resulted in a calmer market. We see many ships open in F.East that has started their ballast towards ECSA, all hoping to repeat or beat last done. Though now there is some uncertainty in the market and many doubts the rates can continue the climb. At the same time we hear some good news from the Pacific coal market as Indonesia is lowering their prices a bit to compete against Chinese inland coal. This might lead to better coal activity in this area. Currently Pacific rounds pay arnd USD 10k. The Atlantic is pretty quiet but slowly improving; TA rounds pay around 10k. The long period market has been quiet lately; 1 yr period pay around USD 9k" the shipbroker noted.
Finally, in the Handy front, Fearnleys noted that "the Indian market is still quiet in respect of export of iron ore. WC India market has improved with a few stems out of the MEG, WC India opening vessels are seeing around 9000-10,000 for trip to India via MEG. For Indo-India trip Supra rate is around 10,000 bss south China and 9500 bss CJK range, and around 9000 for short period. Spmx freight rate from Red Sea/India is around mid teens" it concluded.
In a quote from Arctic Securites, featured in a Bloomberg story this week, "an increase in coal shipments from Colombia, after miners at BHP Billiton Ltd. (BHP)’s Cerrejon coal venture ended a 32-day strike this week, “will be positive for Capes as it will likely push fixing activity up”. In a similar note, Galbraith's noted that record steel production in China during February also indicates strong demand for iron ore. The shipbroker added that “acombination of a slight drop in iron ore prices and improved weather/availability from Western Australia is allowing Chinese iron ore imports and thus Cape rates to return to slightly higher levels. “A couple of longer haul fixtures from Brazil and Suldanha Bay and the resumption of Western Australia fixtures to Qingdao will have supported the recent tick up in Cape rates”, it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Saturday, 23 March 13
WORLD COAL TRADE FIRST PASSES 1 BILLION TONS IN 2012 - VEREIN DER KOHLENIMPORTEURE E.V
Press Release: Hard coal imports to Germany on the previous year's level in spite of regenerative energies. Imports for power plants at an all-time ...
Thursday, 21 March 13
HANDY : RBCT ROUNDS FIXED AT $ 9000 + 300K BB - FEARNRESEARCH
Handy
The Atlantic market remains firm with cargoes seen to support healthy rates as per last week. The USG-Feast was at USD 25k and Black Sea-Feas ...
Wednesday, 20 March 13
NTPC TO IMPORT SEVEN MILLION TONS COAL FOR FOUR MONTHS
COALspot.com : NTPC Limited (formerly National Thermal Power Corporation) is the largest Indian state-owned electric utilities company has awarded&n ...
Tuesday, 19 March 13
CHINA GAS PRICE REFORMS AND APAC GAS PRICING - FITCH STREET VIEW
Fitch Ratings says pricing reform in the Chinese gas sector is unlikely to materially impact gas distributors' margins, and low gas prices in the U ...
Tuesday, 19 March 13
NEWCASTLE COAL EXPORTS FALL BY 4.27 PERCENT ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,365,561 MT of thermal and coking coal for week ended 0700 hours 18 March 2013, Newcast ...
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- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- PTC India Limited - India
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
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