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Saturday, 01 August 15
DRY BULK MARKET KEEPS ITS MOMENTUM, AS OUTLOOK IMPROVES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Although conditions remain more than challenging, especially from an economic point of view (aka China’s stock worries), the dry bulk market looks set for a solid summer, after a dreadful first half of the year. Demolitions of older bulkers have certainly helped a lot towards alleviating the overflow of tonnage supply, compared to demand. As a result, yesterday, the industry’s benchmark, the Baltic Dry Index ended up by yet another 10 points, to 1,104 points, on the back of slight gains posted since the start of the week. This marks a total of 19 rising sessions over the course of the past 20 sessions.
Capesizes are leading the way, with the Baltic Capesize Index rising by yet another 113 points yesterday to reach 2,103. Commenting on the Capesize market, shipbroker Fearnley’s said in its latest weekly report that “the Capesize market firmed up this week, driven mainly by strong front-haul market and firm pacific fixtures. West Australian market moved up slightly with fixtures concluded at $6.15 on Monday and jumped up to $6.30 on Tuesday. Wednesday saw an overall positive Australian market with prompt fixtures heard done close to mid-$6.
The front-haul TCT market for Brazil/China r/v moved from USD 14,000 level on Monday to USD 16,500 Tuesday and the voyage rate Tubarao to Qingdao peaked in excess of $16.00. Front-haul market on Wednesday continued its firm stance. Few TA fixtures were concluded this week but this does not seem to affect the positive outlook on front-haul”.
On the Panamax market, Fearnley’s said that “after last weeks positive developments ended subdued, this week started in an unclear direction with paper trading up while physical was inactive. Further in the week tonnage list grew longer in the east overweighing demand and seeing rates slip with pac rounds being concluded around 7k. Eco kamsarmaxes getting high 8 k for Nopac. Front-haul has been thin with what little done at levels below last. Grain still the driver. Also Atlantic have seen less activity and lower rates, owners ask 11k while TA being concluded at closer to 10k level. The few active takers for period are holding back and not rating expecting rates to slip further. Short term we expect market will drop further before a new floor established”.
Finally, in the Handy markets, “rates coming off from last week. USG to east med for handy paying USD 25. Modern 35k vessel getting low USD 14k for Recalada to North Spain. Short periods del US Atlantic redel ww paying low 9 k. Fertilizer from Baltic to Brasil fixed at sub USD 20 for 46.00 10pct stem. Ramadan ended with less fresh cargoes than expected. Ultramaxes getting like 10k+ for Indonesia/Eci rounds. Nopac round to Indonesia for Supra concluded at 8k + bb. North China vessels being fixed in the high 5/low 6k levels for backhaul trips”, Fearnley’s concluded.
Meanwhile, in the demolition market this week, which has helped fuel dry bulk freight rates over the past few weeks, through the decomissioning of substantial tonnage, shipbroker Intermodal noted that “amidst exceptionally thin activity, plummeting prices and fears of things getting even worse going forward, the demolition market spent yet another week in desperate search of positive signs that could support sentiment. The Indian subcontinent market has seen another $15-20/ldt being shed of local bids, while in some cases the discounts were even bigger, scaring away the few potential sellers left in the market. Where does it stop? This seems to be the question on everyone’s mind right now, especially as the end of the Eid holidays seem to have brought no change of appetite in either Bangladesh or Pakistan.
Indian breakers have at the same time stayed on the sidelines for yet another week, with predictions for heavy rains in the following weeks and a weak Rupee adding to the already negative sentiment. Cheap Chinese steel exports remains the main market hurdle that is weighing down on any efforts for a positive market reversal, while the fact that the rebound in dry bulk rates has severely hit the supply of tonnage, is viewed as the only price supporting factor at the moment. Prices this week for wet tonnage were at around $160-345/ldt and dry units received about $140-320/ldt.”, Intermodal concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 28 July 15
INDONESIA DELAYS PLAN TO RAISE COAL ROYALTIES AMID PLUNGING PRICE - JP
The government will postpone a plan to increase royalty payments from coal miners as they are already burdened with the commodity’s plunging ...
Tuesday, 28 July 15
API 5 FOB NEWCASTLE COAL SWAP LOST M-M AND GAINED W-W
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery down $ 1.15 per MT (-2.51%) month over month to US$ 44.62 per mt. The swap ...
Monday, 27 July 15
KOMIPO INVITES BIDS FOR TOTAL 545,000 MT OF COAL FOR BORYEONG POWER PLANT
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender to purchase total 545,000 Metric Tons (MT) of coal ...
Monday, 27 July 15
CFR SOUTH CHINA COAL SWAP WEAK M/M; FIRM W/W
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery declined US$ 0.92 (1.77%) per MT month over month.
A commodity swap ...
Sunday, 26 July 15
INDO-INDIA OCEAN COAL FREIGHT RATES REMAIN STEADY
COALspot.com: The freight market continued lost steam towards end of the week and all indices were showing downward trend.
The BDI was up by 3 ...
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- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
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