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Wednesday, 08 May 13
PANAMAX VESSELS PROVE TO BE "STARS OF THE MONTH" FOR THE DRY BULK MARKET DURING APRIL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 They have taken a beating on various occasions during the past few years of the dry bulk market's crisis, but the fact remains, that despite the heavy orderbook, Panamax dry bulk carriers, are among the most versatile ship types and this comes in handy when seasonal demand picks up. According to the latest monthly report from shipbroker Intermodal, April was "a very positive month for Panamaxes despite the ever present fears regarding the scheduled for delivery for 2013. A lot of emphasis was placed on the much firmer grain market which allowed for ample of fresh inquiries to surface in the Atlantic basin and empty out much of the tonnage lists that had amassed. This however was only one side of the story, because at the same time and playing a much more significant role with regards to the longer-term prospects of this size segment, we witnessed a much stronger coal trade in the Pacific basin, as many traders were taking advantage of the softening prices for this important dry commodity. China’s and India’s energy appetite is still rising and their preference towards coal fired power plants means strong demand for thermal coal", Intermodal said.
According to analyst George Lazaridis, "Indonesia has been a prime supplier for both these markets for several years now. Being one of the largest exporters of coal worldwide, it is significant that they recently announced stellar results for the first quarter of 2013, with total exports of coal reaching just over 99 million tons (despite the heavy rainfall in the first two months which lead to slower production output) and around 80% of this being exported to two of the biggest importing countries which are China and India. At the same time, the Indonesian Energy and Mineral Resources Ministry estimates that they will close off the year with a record number of close to 400 million metric tons of coal produced, which is a 3.6 per cent increase compared to the 386 million tons output of 2012. All this is in stark contrast to where we were at the end of August last year, were the slowing growth from China had shown an immediate negative impact in shipments from Indonesia. The difference since then is not only the improved economic conditions in China which has led to a ramping up of infrastructure spending and industrial production needs, but also a change in policy by the Indonesian government which has decided to drop its proposal to ban exports of lower-quality grades. This is quite significant as it has helped export volumes increase significantly, while for a more forward looking perspective it will help sustain the country’s exports as 93% of its coal reserves are below top quality", he said.
Lazaridis added that "Australia, the world’s second largest exporter of coal, has also ramped up investment in its coal mining, with several new mining projects underway. The level of investment that has gone into most of these projects shows the high level of commitment that many have in this sector and the promise it holds for further future growth despite the increased competition from alternative sources for power generation such as natural gas.
Japan’s coal imports are set to hit another record this year as most of its major power generation companies are making an effort to curb increased costs through cheaper fuel. Similarly many are expecting Chinese demand to increase from 500 million to 1 billion metric tons by 2030, while this enormous figure doesn’t even take into account any demand increase from other fast paced development countries such as India. It makes you wonder where this kind of growth will be supplied from. At the moment, as it stands, Indonesia, Australia, Russia and the U.S. are the only suppliers capable of producing more than 100 million tons of exports and the only likely candidates to be able to cover this need through their reserves" he stated.
According to Intemodal's analyst, "as it’s of little use to talk about that far ahead and turning our attention once more to the current state of things, it looks as though Panamaxes may well have a better year than was originally expected. There stil an orderbook of 408 vessels (roughly around 22% of the fleet) with 264 of these scheduled for delivery within 2013, nevertheless being a prime mover of coal within the Pacific and as long as the grain harvest in the U.S. and Russia turn out to be significantly better than what was seen in 2012, we may well see more promising rates within 2013", he concluded his monthly statement.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 28 June 13
U.S. PRODUCED 1.52 PERCENT LESS COAL WEEK ON WEEK
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 19.40 million short tons (mmst) of ...
Thursday, 27 June 13
US COAL EXPORTS BEATS CHINESE COAL IMPORTS AS THE MOST INFLUENTIAL COAL TRADE - BIMCO
The influence of American coal exports on seaborne transportation has grown significantly over the past decade. In 2002, the US exported 20.1 millio ...
Thursday, 27 June 13
HANDY : USD 12000 FOR SPOT COAL INDO/CHINA AND AROUND USD 13000 INDO/ECI - FEARNLEYS
Handy
Atlantic rates hold well. Continent to Far East is worth more than USD 14k daily whilst USG to Far East pay 23/24k a day. On the route from B ...
Thursday, 27 June 13
DRY BULK CARRIERS DOMINATE NEWBUILDING ORDERS AS SHIP OWNERS ARE ENCOURAGED BY LATEST FREIGHT RATE RALLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Newbuilding orders for dry bulk carriers were already high, compared to last year, prior to the latest rally of the Baltic Dry Index (BDI), which ha ...
Tuesday, 25 June 13
CAPESIZE MARKET TO REMAIN BULLISH SAYS ANALYST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been experiencing its long-awaited rally, with the Baltic Dry Index, the industry's benchmark rising to healthier levels fo ...
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- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Trasteel International SA, Italy
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Australian Coal Association
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
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