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Thursday, 17 May 12
DRY BULK MARKET STILL LOOKING FOR NEW DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has kept on moving sideways during this week, with the mixed performance across all segments. Yesterday, the industry’s benchmark, the Baltic Dry Index (BDI) was down by 0.18% to 1,130 points, down by just two points. The Capesize market was practically unchanged on the day, with a marginal increase of just 0.06% to 1,613 points. The smallest ship size, the Handysize market has kept on rising with the relative Baltic index, being up by 1.12% to 630 points. By contrast, the Panamax market was down by 1.23%, while the Supramax was once again on the downside, retreating by 0.36% to 1,105 points.
In a relative note, Commodore Research & Consultancy said that Chinese coal imports have set another record as the company’s analysts had predicted. “Preliminary data from the National Bureau of Statistics shows that China imported 23.9 million tons of coal in April. This is 2.5mt (12%) more than was imported in March and 12.8mt (115%) more than was imported in April 2011. China's previous monthly coal import record was 22.4mt imported in November 2011. Going forward, we continue to anticipate that Chinese coal imports will set additional records this year. For July, we expect coal exports will exceed 25mt. Overall, we remain very bullish regarding upcoming prospects for Chinese coal imports because regional thermal coal export prices remain very low and Chinese electricity demand continues to surge. The 411 billion kwh of electricity that China produced in March 2012 was only slightly below the record 426 billion kwh produced in August 2011. Chinese electricity production normally peaks by August of every year due to peak season summer demand. In the summer months ahead, we expect electricity production will continue to increase rapidly and will set several new records. Thermal coal will remain in great demand, and we continue to anticipate that coal imports will set a record by July” concluded Commodore Research & Consultancy.
In its weekly report, shipbroker Fearnleys commented on the Capesize segment, by mentioning that “little has changed this week in terms of the market levels. All the major miners have been in and out of the market with little movement in the freight rates. The Bubble in the Atlantic burst and the market has fallen back to the USD 8000 bracket, still a premium to the Pacific market. As rates have largely remained stable the recent fall in bunker prices has benefited the bottom line of owners (except the ones already well into a ballast leg) Period fixing has also been scarce but is apparently on subs but no details reported” mentioned Fearnleys.
Meanwhile, in the Handy side, “the market remained variable. Fronthaul voyages both from Baltic and Black Sea paid over USD 18k/day. From USG to Cont tonnage would get over USD 20k/day, whilst USG/FE was worth above USD 25k/day. Average of TC routes closed at USD 11502 today and was still USD 1500 higher than similar index for the Panamax tonnage. Pacific market has been weak and falling. For Indo-India, large eco Supra can fetch close to USD 10k + BB USD 150k bss APS Indo. Nickel ore cargoes are not seen in market anymore due to on-going Indonesian ban which has again taken away cargoes and putting pressure on market. Nopac also fixed under USD 10k dop Japan. Indian iron ore market remains quiet with less activity. WCI-China rates around USD 10k and ECI-China around USD 7k. Some ECI Supras have been ballasting to pick up Indo cargoes as well. RBCT rv fixed at APS USD 11k + BB USD 350k. Red Sea fertilisers to India fixed high teens. Not much activity on short period and rates around USD 11k for large Supra” said the shipbroker in its report.
Finally, on the Panamax front, it noted that “intoxicated by some areas being tight for tonnage, Owners predict an Atlantic market on the rise despite falling indices. Transatlantic rounds from 12-14k depending on position and direction. Some Chrtrs have had a fair challenge to cover fronthaul buiz where levels are around 18k via COGH. Overall the Western hemisphere seems fine tuned with a few fresh mineral requirements and so far limited volumes of June grain cargoes out of ECSA. Fair activity in the Pacific where Owners have been eager to cover a growing list of positions in a sliding 8000 dollar market mid-week. With reduced hopes for a recovery in European economy and a slowly falling forward curve, period interest is limited. Only Owners willing to give wide spreads or options could find period takers for efficient tonnage in the 10k area” concluded Fearnleys.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 28 June 24
INDIAN POWER STATIONS STOCKED WITH BUMPER COAL SUPPLY AS TRANSPORT WOES EASE - BUSINESS STANDARD
Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India’s power stations are stocked wit ...
Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...
Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.
...
Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...
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- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- White Energy Company Limited
- Baramulti Group, Indonesia
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- PTC India Limited - India
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
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