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Thursday, 07 April 11
DRY BULK MARKET PLUNGING EVEN FURTHER ON LOW CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has continued its falling pattern this week, with every day proving to be painful for ship owners, especially those of the larger ship types. Yesterday, the industry’s benchmark, the Baltic Dry Index (BDI) fell to 1,430 points, down by 2.19% on the day, with Capesizes leading the fall. The Capesize Index retreated by another 3.13 percent to just 1,674 points and as a result daily rates are again closely flirting with break-even levels. The Panamax segment also lost further ground ending the session down by 2.77% to 1,788 points, still well above the larger Capesize ships, in a market’s paradox that lately has proven to be the norm.
According to ICAP Shipping’s first quarter review of the dry bulk market, on the demand side most notable was the massive change in China’s imports of iron ore between January and February which collapsed from 68 Mt to 48 Mt and when this was combined with the 10 Mt fall in the country’s coal imports also in February the resulting 30 Mt drop exceeds anything that was seen even at the time of the freight market collapse in 2009. “Despite this string of exceptional events the freight market has responded calmly and efficiently and will no doubt continue to do so throughout the next three months” ICAP Shipping said.
Indeed, the BDI has lost over 10 percent from the start of the year, which could have been worse, given the circumstances, like the ever so increasing ship supply and the natural disasters in Australia and more recently in Japan. "At the moment the volumes out of Australia and Brazil are disappointing," said Georgi Slavov, head of dry research and structured products at ICAP Shipping, in a quote from Reuters. He went on to say that the volumes of exported (Australian) coal are still 30 to 40 percent below where they should be at this time of year. As a result, the coal price is obviously going up and therefore the Chinese are not buying -- it's a chain reaction that is hitting the market, Slavov mentioned. According to him, Japanese coal imports won’t pick up until May.
In a separate weekly report released from Fearnley’s, it said that in the Capesize market, it’s been a quiet start to the week with holidays in India and China, resulting in a wait and see attitude among owners and charters. West Australia/China rates were in the high 7s, presently usd 7.50 pmt. Of period fixtures in the east, a couple were done at usd 16k levels for 11-13 months, with profit sharing. The fronthaul activity remains inactive.
Regarding the Panamax segment, “activity remained slow in the Atlantic basin, rates still sliding downwards with limited new business and more open tonnage around. Limited trade for the Pacific, mostly due to Chinese holidays Monday and Tuesday. T/A rounds dropped to 14-14.5k this week. In the Pacific, very little reported, though some rounds done at around 14.5 level as well. Fronthaul still fairly healthy at 25k level. With grain season coming to an end, expectations for next month are rather weak. Although forward market flat to slowly down, perhaps more activity for iore export from India after release of export ban and from Brazil in 3Q will stabilize the market. Period market hardly viable this week; 2 years done at 15500 and short period even less” said the shipbroker.
As for the smaller ship types, it argued about slowly softening rates as more tonnage is accumulating in the Atlantic basin .”The trans-Atlantic round is around $15k pd with trips to the Far East at around $30k pd. USG/NCSA are active (mainly petcoke) whilst the Continent/E.Med/B.Sea lack volume and rates are under pressure. Outlook: softer. In the Pacific, quiet market due to holidays in China. For Indo-India, charterers holding on unless have spot cargo. Rates sliding now and Supras in North China are getting close to 14k for trips via Indonesia to India. Iron ore from India has been quiet on WCI but rates stable at USD 17k for trips from WCI to China and from ECI close to 16k. On Richards Bay rounds Supras now seeing around 15k basis WCI dely. Red Sea, ferts on Handymax/Supras are fixed at very mid-high 20´s pmt on voyage bss to WC India. Not too much activity on short period as market bit volatile but hear some index type vessels fixed at mid-teens” concluded the report.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...
Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...
Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...
Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...
Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon.
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- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- PTC India Limited - India
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- The University of Queensland
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
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