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Thursday, 13 May 10
DRY BULK SHIP OWNERS CHEERFUL AMID MARKET RALLY
 China’s appetite for raw materials like iron ore and coal, as well as a series of added factors are boosting demand for dry bulk carriers, helping the industry’s benchmark, the Baltic Dry Index (BDI) sustain a rally during the past week. Yesterday, the BDI reached new highs at 3,888 points, up by 66, with the Capesize segment once again leading the pack. The BCI (Baltic Capesize Index) is now at 4,878, while the Panamax market also gained to reached 4,196 points.
Commenting on the capesize market, Fearnley’s latest weekly report said that it was an interesting week, with firming rates all over. “The Pacific market remains strong with a current Australia - China market in the high USD 13s. For fronthaul, rates improved to mid 30s earlier this week. These relatively strong numbers are well supported by an active short period market improving from mid 30,000s to close to mid 40,000s in one week.
The main drivers this time is as always the FFA market, along with more coal cargoes from the Atlantic to the Far East. Similarly, “the Panamax market left last week on a positive note with high activity week on week. The trend continued into this week with firming rates, giving support to the period market. It was concluded several short period fixtures and mid week it is rumored a few 10/12 months deals being concluded in the Atlantic at levels ard usd 32,500 and 28k in the Pacific. Pac rounds are fixed at usd 34k and ows asking 35k for same. Atl rounds getting high 30´s and fronthauls in the mid 40´s range. In Feb, India exported more iron ore to China than Brazil did. Monsoon season is kicking in there now so this will be limited until September” said Fearnley’s.
In the smaller ship types, the Atlantic markets remain firm, but more enquiries are expected for the dates nearer to the end of May and early June. “Supramax vessels open in USG are now achieving low 50´s to the Med and mid/high 50´s to the Far East. Handymax tonnage ex Bsea achieving high 30´s fronthaul, supras high 40´s. The immediate outlook is for flat/stable conditions.
In the FEast, despite the holidays, the market remained firm with an upward sentiment. For NoPac rounds ex N.China expect mid/high 20´s, and a tick less for Indo/India and Indo/China coal trips. Activity on WCI is slowing with the Monsoon fast approaching, WCI to China mid/high 30´s and low 30´s for trips via R.Bay.
The period market was still firm, for short period Supras trading high 20´s” said the shipbroker.
Meanwhile, as it was reported this week, China, the world's biggest buyer of iron ore, imported 55.33 million metric tons in April this year, 6.2% less than the 59 million it imported in March, according to the country's General Administration of Customs. But, in the first four months of this year, China's iron ore imports rose 11.6% year on year to 210.3 million metric tons, said customs. In 2009, China discovered 3.52 billion metric tons of proven iron ore reserves, said the Ministry of Land and Resources. Iron ore imports soared 42% to a record 628 million metric tons last year, according to an earlier report from China Knowledge.
Last month, steel product exports were 4.31 million metric tons. During the period from January to April, China's steel product exports soared 99% year on year to 13.02 million metric tons.
Dry bulk ship owners had positive trends in other sectors as well, primarily the global grain trade, which, according to Commodore’s Research analyst, Andrew Winkler, it is expected to remain firm, “although a current surge from South America will likely recede in a few weeks as the peak South American grain season comes to an end. Overall levels of grain trade will remain moderate, however, and an additional surge is expected towards the end of the third quarter - when peak Australian grain season commences. In between these two peak seasons, a moderate amount of grain will still find its way on to dry bulk vessels.
Next year, overall grain trade is expected to increase further” said Winkler.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 30 September 10
INDONESIAN COAL FOR POWER PLANT - LANKA GAZETTE
Lanka Gazette reported that, A cargo vessel with coal on board to generate electricity for the Norochcholai Coal Power Plant will arrive in Sri Lank ...
Thursday, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with t ...
Wednesday, 29 September 10
MOZAMBIQUE: COAL IN THREE MORE TETE DISTRICTS
All africa reported that, Coal deposits have been confirmed in the districts of Changara, Cahora Bassa and Magoe, in the western Mozambican province ...
Tuesday, 28 September 10
MMTC TO AWARD CONTRACT TO CEPL AND KNOWLEDGE TO SUPPLY 0.835 MILLION TONS OF IMPORTED COAL
COALspot.com: MMTC, India’s state owned trading company has opened three coal purchase tenders today.
According to our market sources, Coas ...
Monday, 27 September 10
DRY BULK: FREIGHT RATES CONTINUE TO FALL ON LOW ACTIVITY - HELLENIC SHIPPING
The dry bulk market didn’t manage to change its fortunes during the past week, with holidays across many Asian countries, predominantly China, ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- The University of Queensland
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- PTC India Limited - India
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- India Bulls Power Limited - India
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
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