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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, 15 April 14
NEWCASTLE SHIPPED MORE COAL WEEK ON WEEK
COALspot.com: In the week ended 07:00 hours 14 April 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensl ...
Monday, 14 April 14
SUB-BIT FOB INDO COAL SWAP FOR Q1' 15 DELIVERY CLOSED AT US$ 60.12 PER MT
COALspot.com: Indonesian coal swaps for average Q4’ 2014 gain on month and on week according to AsiaClear OTC coal swap's reports rele ...
Monday, 14 April 14
INDONESIA'S Q1 COAL PRODUCTION LITTLE CHANGED EVEN WITH PRICE DROP - INVESTOR DAILY
Indonesia’s coal production by volume in the first quarter remained little changed from the same period last year despite the decline in t ...
Monday, 14 April 14
API 8 CFR SOUTH CHINA COAL SWAPS GAIN FOR THE MONTH & WEEK
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries gained 4.61 percent month on month and closed at US$ 76.18 per mt as ...
Monday, 14 April 14
CHINA'S MEASURES TO STIMULATE ECONOMY'S GROWTH COULD OFFER ROOM FOR STABILITY IN SHIPPING MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Since the outbreak of the 2008-crisis, the shipping industry, in most of its aspects, i.e. dry bulk and tanker markets alike, has been dealing w ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Minerals Council of Australia
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