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Friday, 02 August 13
DRY BULK MARKET STABILIZES ON RENEWED MARKET ACTIVITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market has kept its positive footing this week, although it's still a far cry to deem the market situation as a growing one, especially given the fact that traditionally, summer is a slow period for dry bulk. According to the latest session of the Baltic Dry Index, the BDI, an industry benchmark was up by four points to 1,066. The biggest improvement was for the Capesize segment, which seems poised for another rebounding week. The Baltic Capesize Index rose by 54 points to 1,935. By contrast, Panamaxes and Supramaxes were lower yesterday.
According to the latest weekly report from Fearnleys, in the Capesize segment, "the flow of cargoes remains relatively stable, and the Pacific is looking promising. The west Australian shippers have been active, resulting in freight rates improving from 7.75 to lower 8´s early this week. In the Atlantic, rates are under pressure due to the strike in Columbia. There is still a lack of fronthaul fixtures being concluded, but more cargoes are anticipated and rates are expected to improve also for the Tubarao/Qingdao route", the shipbroker said.
In the Panamax market, "in general the week has been a quiet one with limited activity in both hemispheres. The biggest decline we saw in the Atlantic, with a lack of new orders causing the tonnage list to outnumber the cargoes. In the east there were more aps fixtures and charterers trying to push the rates down. TA´s pending around USD 10-11k depending on durations and delivery. Some fronthauls were reported at a healthy 18k level but these were probably concluded end of last week. Despite the low activity some longer period fixtures with options were rumoured and levels were below the 10k mark", Fearnleys said.
Finally, in the Handy segment, "the Pacific market is still facing low activity, so no wonder that the tonnage list is getting longer. It´s still Ramadan and only a few coal shipments circulated. For vessels spot Singapore to India owners could get around mid USD 8k and for trips to China around USD 9k. Backhaul orders to USG are paying around USD 3k levels. Low activity on the period side. For S.Afr mid-Aug cargoes is coming into the market but chrtr not move yet as they try to achieve low USD 8k+low USD 200k levels while owners remain at high USD 8k+USD 300k levels", the shipbroker concluded.
Meanwhile, in other positive news for the dry bulk market, Commodore Research & Consultancy highlighted earlier in the week, the fact that Chinese steel stockpile levels and steel prices have continued to normalize and are finally close to reaching last year’s levels. According to Commodore, "Chinese steel stockpiles have remained above 2012’s level since the second week of March. On March 8th of this year, 19.7 million tons of flat and construction steel products were stockpiled in China. This was 1.1 million tons (6%) more than was stockpiled on March 8, 2012. The gap between 2013 and 2012 stockpile levels then widened significantly during the next few months, which was a clear sign of Chinese steel production exceeding demand by a large amount. The widest gap this year saw steel stockpiles up year-on-year by 4 million tons (23%) on April 5th. At that point, Chinese steel stockpiles totaled a robust 21.9 million tons. In comparison, stockpiles totaled 17.9 million tons on April 5, 2012. During the next twelve weeks, Chinese steel stockpiles remained up year-on-year by at least 12%. It was not until the beginning of this month that steel stockpiles fell to levels that exceeded 2012 levels by less than 12%", Commodore noted.
It added that "at present, 15.7 million tons of steel is stockpiled in China which is just 200,000 tons (2%) more than was stockpiled a year ago. Steel stockpiles have returned to healthier level as steel production has fallen to a level more in line with actual demand. The first three weeks of this month have seen daily crude steel production average roughly 2.11 million tons. During the last week of June, however, daily crude steel production was averaging approximately 2.18 million tons. The decline in steel production has helped lead to a normalization in Chinese steel stockpiles. Chinese steel prices have also finally come closer to reaching last year’s level. The average price of 3.0mm hot rolled coil in China, for example, has risen to about 3,765 yuan/ton ($614). Steel prices have now increased in four consecutive weeks, and are now just 135 yuan (-3%) less than where they stood a year ago. Chinese steel prices have remained below 2012 levels for all of this year, and as recently as the last week of June were down year-on-year by 15%. Overall, it is very encouraging that steel prices and stockpiles are finally returning to last year’s levels", it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Wednesday, 31 July 13
COAL GASIFICATION
IBC’s Coal Gasification conference explores the opportunities for coal gasification investment and development in Asia.
With depleting dome ...
Wednesday, 31 July 13
SUPRAMAX : THE PACIFIC BASIN WAS MOVING ON A POSITIVE PATH - EVA TZIMA
COALspot.com: Cape - Despite holding their ground fairly well early on in the week, Capes in the Atlantic basin gave in to the mounting pressure fro ...
Tuesday, 30 July 13
HARD COAL ON THE WAY TO BECOMING THE WORLD'S MOST IMPORTANT ENERGY SOURCE - VDKI
Press Release : Hard coal continued to be the world’s fastest-growing fossil primary energy source in 2012. It covered about 28% of the world ...
Tuesday, 30 July 13
WIJAYA TRI UTAMA PURCHASES MICROCOAL TECHNOLOGIES' CLEAN COAL UPGRADING FACILITY
- First MCI commercial scale application of proprietary microwave technology to upgrade coal thermal output and reduce pollutants
- MicroCoal to re ...
Tuesday, 30 July 13
KOMIPO INVITES BIDS FOR 520,000 MT OF 5,700 KCAL/KG COAL ON NAR BASIS FOR H1, 2014
COALspot.com : Korea Midland Power Co., Ltd. has invited bids for 520,000 Metric Tons (MT) of coal with calorific value 5,700 kcal/kg on NAR basis f ...
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- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Bhatia International Limited - India
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
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