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Friday, 25 April 14
DRY BULK MARKET LOOKING FOR NEW TRACTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market seems to have gained its footing after the past few dissapointing weeks, during which the Baltic Dry Index (BDI) shedded most of the gains experienced over the past few months. Yesterday, the BDI was up by six points to just 962 points, with the larger ship classes, most notably the Capesize and Panamax ones experiencing modest gains, while smaller bulkers were on the downside once more.
Still, according to BIMCO's comments, the latest news from the economic spectrum, could provide a boost. "Positive developments in Eurozone and Chinese economy benefit shipping", was BIMCO's comment. More specifically, "the recovery of the Eurozone continues as job creation returns across the region. The hiring of more staff indicates that manufacturing and service industries believes in a sustainable recovery where growth is picking up. Flash Eurozone PMI Composite is now at 54.0 (53.1 in March). A 35-month high, with the PMI being above the 50 no-change level for ten months in a row" it noted.
Chief Shipping Analyst at BIMCO, Peter Sand, said, "the world is economically interconnected to a large extend. Improvements in Europe should better the economy in China by spurring exports. Likewise, the Chinese transition into becoming a more consumer driven economy should also lift European exports to China. The fundamentals work when higher economic growth lift trade and benefit shipping." In China, the Flash Manufacturing PMI rose to 48.3 (48.0 in March). The index has been below the 50-threshold level for all 4 months of 2014. Flash April index sends mixed signals, as employment decrease at faster rate, whereas new orders decrease at slower rate. China now feels some pressure from lack of new export orders as that sub-indicator goes from an increasing level (above 50) to a decreasing level.
Both regions struggle to cope with deflationary pressure.
Meanwhile, according to the latest weekly report from shipbroker Fearnleys, on the Capesize front, "after Easter, the sentiment has turned more positive and owners will rather let their ships wait or ballast than fix pre Easter levels. West Australia / Qd is presently at usd 7,60, and more owners are aiming in the 8s. Its more coal being shipped and rates are slowly improving for trades like indonesia /india and east coast Australia/ far east. For the Atlantic and front haul however, it remains weak with lack of requirements. Its however expected this will change within soon, which will together with increased period interest be the main contributors for improved rates", the shipbroker said.
On the Panamax market, Fearnleys noted that "the Easter break did not cause any radical changes to even the most strong believers. The overwhelming oversupply of tonnage versus too few requirements and low activity still prevails in both hemispheres. Owners in the Atlantic are simply holding back from fixing the poor returns offered. However, with a slow flow of fresh requirements sentiment is pushing the Atlantic slightly up to 3-5.000 on T/C, but far less on voyage terms. The long lack of push from ECSA grains could be in a turning point, although it remains to be seen a clear postive trend. Typical levels mid week at abt 14. 500 + 450 K GBB APS. In the Far East, where most people live, it is quiet and levels are still poor. Levels hovering in the 7.000 range for various rounds up to abt 9.000 for NOPAC on T/C. There is a scent of optimism from ECSA grains expectations and tick higher levels are seen on Indo/india runs. Lifting of the 19 month old iron ore ban in GOA could have a positive effect for the Panamax owners".
Finally, on the Handy markets, it said that "there is still no place to hide in the Atlantic for the smaller but flexible sizes. Slow and weak seems to be the headlines, although the Pacific is slowly showing some signs of recovery. USG to Brazil is done at arrnd mid 5K, trip across to Med at high 8´s. Fronthaul in the mid 15.000 rge. A flow of fresh requirements lifting the Pacific slowly to 10-11 K bss Spore for coal rounds. Owners see mid 9´s China-Indo-India runs, and abt same for NOPAC or 10-11 + 300 BB APS. South Africa have not changed much, where India positions get abt 12 K + 250 GBB for trips via S Africa to the East. Period not very active, although larger Ultramax apparently done 13. 500 for Sh period bss del CJK", the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 29 April 14
Q4 SUB-BIT INDONESIA COAL SWAP CLOSED US$ 1.07 HIGHER COMPARED TO Q2 DELIVERY PRICE
COALspot.com: Indonesian coal swaps for average Q2’ 2014 gain on month and on week according to AsiaClear OTC coal swap's reports rele ...
Tuesday, 29 April 14
NEWCASTLE SHIPPED 3.03 MILLION TONS WEEK ON WEEK
COALspot.com: In the week ended 07:00 hours 28 April 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensl ...
Tuesday, 29 April 14
Q2 API 8 CFR SOUTH CHINA COAL SWAP LOST 0.29% MONTH ON MONTH
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 0.29 percent month on month and closed at US$ 75.43 per mt as o ...
Monday, 28 April 14
CHINA LIKELY TO FALL SHORT OF NUCLEAR POWER TARGETS AT 175GW OF CAPACITY BY 2030 - WOOD MACKENZIE
Coal will remain dominant supply at 64% of power mix
Wood Mackenzie forecasts that China will not meet its environmentally-driven, government ...
Sunday, 27 April 14
INDONESIA TO INDIA FREIGHT RATES ARE EXPECTED TO BE STEADY NEXT WEEK
COALspot.com: The freight market seems to have bottomed out and saw some marginal gains in all segments, said Capt. Reddy of Vistaar Shipping In ...
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- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Romanian Commodities Exchange
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- London Commodity Brokers - England
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
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