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Friday, 02 May 14
DRY BULK MARKET SHOWING SIGNS OF COMEBACK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market which has been hovering below the 1,000-point market (BDI) during the past couple of weeks, could be exhibiting signs of a slight positive correction. During yesterday's session, the Baltic Dry Index gained 50 points, an increase which can be attributed mainly on the strong uptake of the Capesize market. The Baltic Capesize Index (BCI) gained 116 points, which could be a sign of things to come, since every major rebound of the dry bulk market has began with a surge of the Capesize market.
In its latest weekly report, shipbroker Fearnleys noted on the Capesize market that "a return rom the Easter break has not improved the market. Quite the contrary - optimism is presently lacking indeed. The C5 West Australia/China run, although stable in volumes, has seen rates falling from around USD 7.60 to below 7.00 pmt w-o-w. Fears of China tightening on commodities-backed financing and Yuan depreciation could see a cool down in commodity prices and potentially imports. Atlantic demand is still thin but fears of instability in gas supply bode for a better coal market with the possibility of increased bulk demand. Front haul has been very quiet but lately there are slightly more enquiries which may possibly fuel the market somewhat. Period activity is very limited due to instability of the forward curve, with Q4 dropping from USD 31,500 to 29,200 and further. Present average 4TC is at around USD 9,100, stable over the week, and too low to justify taking in period tonnage at prevailing levels asked for", said the shipbroker.
On the Panamax market, it added that "the Panamax market continues sideways in most parts of the world. The US Gulf has improved a little bit over the last week with a few fresh requirements coming out, but the rest of the Atlantic remains pretty much unchanged at low levels and with limited activity. The average daily hire in the Atlantic is now around USD 4k. In South America the grain season continues sideways with fronthaul cargoes being fixed around USD 15k +500k ballast bonus. The Pacific market weakened a little bit over the last week, we have seen several aps fixtures which are not a good sign, but now it seems to have stabilized again. The average in Pacific is around USD 7500/day. We have seen limited period activity as well, as owners seem to be more unwilling to fix for period now that the rates has come down. But a few ships were taken for around one year period, all in the range USD 12. 5-13k/day depending the vessels specification", Fearnleys noted.
Finally, on the Handy market, "the week has been mixed with rates seeing a slight increase w-o-w. This is again much lead by the positive sentiment beginning this week, but still we end the week on a negative tone with little activity. The Atlantic is best described as a flat market, with some trades taking a beating while others see a slight increase in rates. In the Pacific the week ended with little happening before the long weekend ahead. Indo coal rounds paying around USD 8.5-9k while the nickel ore business is being fixed in region of USD 10-11k. Let´s see where next week will take us", Fearnleys concluded.
Meanwhile, in a separate report, Intermodal noted on the demolition market, which is always of interest in terms of tonnage oversupply, that things "still remain very positive and despite the fact that a price correction in the Indian sub-Continent has been looming for a while now, the truth is that the high prices we have been witnessing over the past month have only been going higher and this past week was no exception either. It seems that the upcoming national elections in India as well as the budget announcements due the first week of the summer season in both Bangladesh and Pakistan, have not had any particular negative effect so far as most have been waiting for, and although sentiment should be affected by all the above mentioned events, it is only the monsoon season that will most likely affect not only sentiment but prices as well. Up until then we are still watching extraordinary levels achieved in India, while both Bangladesh and Pakistan remain overall firm in their bids. At the same time, the Chinese market is still being described by lack of any substantial activity with more and more “as-is” sales being concluded in the Far East for sub-continent accounts. Average prices this week for wet tonnage were at around 325-500$/ldt and dry units received about 310-490$/ldt", the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 02 May 14
US WEEKLY COAL PRODUCTION RELATIVELY FLAT AT -0.1%, SAYS EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 19.0 million short tons (mmst) of coal i ...
Thursday, 01 May 14
INDONESIA EXPORT BAN POINTS TO QUESTIONS OVER CHINA'S LONG-TERM BAUXITE SUPPLY - WOOD MACKENZIE
China’s Bauxite demand forecast to reach 240 million tonnes by 2030
In light of the Indonesian mineral ore ban that came into force o ...
Thursday, 01 May 14
DRY BULK MARKET STILL REELING UNDER PRESSURE FROM VARIOUS FACTORS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market's revival is still overdue, as the industry's benchmark, the BDI is still lagging below the 1,000-point mark. In fac ...
Wednesday, 30 April 14
FREIGHT MARKET FOR DRY BULKERS STILL REMAINS WEAK - INTERMODAL
One week after the Easter holiday and the celebration for the resurrection of Christ, everybody expected to see a similar sign of a revival in t ...
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 ...
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- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- PTC India Limited - India
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- MS Steel International - UAE
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
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