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Friday, 01 November 13
DRY BULK MARKET IN FIRST POSITIVE SIGN IN DAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Owners of dry bulk carriers are well aware of the rollercoaster ride that has been the market for their vessels over the past few years. This trend was once again cemented during the past couple of months, when the industry's benchmark in terms of hiring rates, the Baltic Dry Index (BDI) raced to unseen for years new heights, only to retreat close to where it all began, back in late August, early September. Still, after a series of downward sessions, yesterday marked the first positive one, in a sign that the market found its new ground. The BDI ended at 1,504 points, up by 20 on the day, with Capesizes recuperating part of their losses sustained over the past few days. The Baltic Capesize Index was up by 81 points to end at 2,245 points. Panamaxes lost ground though, while smaller carriers were marginally higher.
In its latest weekly report, commenting on the Capesize market, shipbroker Fearnleys noted that "no light at the end of the tunnel for shell-shocked owners, and those who have overplayed their hand during the last rally find the escape door to be a very narrow one. Rate levels have been in free fall - notably on considerable volume - all through the week. Actual daily returns for pacific rounds are presently no more than usd 10k/day, with value down close to 50% w-o-w. Atlantic is equally hard hit, down 40% and coming in at some usd 16k/day. A number of N/B´s are still set to enter market prior year-end, and same has to be factored in by players making their forecasts for the weeks and months to come. Period activity is for natural physical reasons next to nothing, and FFA´s are presently too nervous and without direction to give support going forward", the shipbroker said.
On the Panamax front, Fearnleys said that "it has been a somewhat quiet week sofar and rates have been decreasing in both hemispheres. In the Atlantic we have seen rates dropping continuously as there is a lack of fresh cargoes and the tonnage list is again growing. The Cape market has also had a direct impact on pmax rates with stems being split into pmax stems, but the recent dramatic rate decline for Capes influences the Pmax market with no benefit from these additional cargoes.
The Ta´s are now paying in the region of Usd 16k and Fhauls bss USG loading in region of Usd 18k + 800k bb. Pacific rounds which are also declining are now being fixed in the 13-15k level depending on delivery. Period market has come down on lack of takers and the FFA mrkt is not giving the same support".
Finally, on the Handy market, "it had an active week however not directly translated into the rates we´ve seen in the Pacific. We see more coal and bauxite cargoes in the market and owners with ships open in EC India or North China are seeing rates in the low teens for same. For the shorter Indo rounds charterers have to pay up due to a tight tonnage list and facing levels ard Usd 16k for either India or China direction. In the Atlantic the mrkt we have seen more activity and firmer rates, especially in the USG. The list of prompt ships able early/mid Nov cancelling is scarse and we expect the rates to continue the firmind tendency, at least for the shorter term", Fearnleys concluded.
In a report this week, Platts, quoting market sources, noted that the absence of sufficient Brazilian iron ore cargoes, was one of the key reasons being the weakness of the market, especially for Capesize carriers, along the major Pacific routes. But, an anticipated increase in thermal coal imports by India and China could also help boost Capesize freight rates from Australia. Still though, the room for uptick is limited unless we see more [fixtures for] Brazilian [iron ore] cargoes in the market. Mining majors have pretty much secured all the vessels they need and they aren't seeking any more, a Shanghai-based trader said.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Sunday, 10 November 13
PANAMAX COAL FREIGHT RATES REMAIN UNDER PRESSURE; SUPRAMAX BIGGEST GAINER - REDDY
COALspot.com: The freight market was up this week with all indices increased except for Panamax index.
The BDI was up by 56 points closing at 158 ...
Friday, 08 November 13
DRY BULK MARKET BOUNCES BACK ON RENEWED DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market staged a mild comeback this week, as the industry's benchmark, the Baltic Dry Index (BDI) inched forward step by step and bit b ...
Friday, 08 November 13
US'S OCTOBER COAL PRODUCTION INCREASED BY 1.78% M-M - EIA
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.3 million short tons (mmst) of coal in ...
Thursday, 07 November 13
FORMOSA PLASTICS SEEKS 80K MT OF 5850 GAR COAL
COALspot.com: Taiwan's Formosa Plastics Group is inviting bids for 80,000 mt of bituminous coal for delivery in Nov - Dec'13 for its Chi ...
Thursday, 07 November 13
INDONESIAN COAL EXPORT VOLUME INCREASED; REVENUE DECREASED
COALspot.com: Indonesia, the 15th largest economy, 4th largest coal producer in the world and world's largest multi grade coal exporter shipp ...
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- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Australian Coal Association
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- The University of Queensland
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- VISA Power Limited - India
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
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