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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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Sunday, 20 June 10
OUR COAL: ITS DEVELOPMENT AND CONTROVERSIAL ISSUES
Indonesia’s production of coal has been growing amazingly. In the mid 1980s, national coal production was less than 1 million tons per annum, ...
Saturday, 19 June 10
STRONG DEMAND, RISING PRODUCTION SETTING SCENE FOR COAL BONANZA - THE JAKARTA GLOBE
The Jakarta globe rerported that, As the nation’s coal miners enjoy burgeoning demand from energy-hungry economies such as China and India, th ...
Saturday, 19 June 10
DRY BULK MARKET DOWN ON CHINESE SLOWDOWN FEARS
Dry bulk freight rates have been on a freefall for more than two weeks now, something which has caused the industry’s benchmark, the Baltic Dr ...
Saturday, 19 June 10
COAL INDIA KEEN ON BLOCK DEVELOPMENT IN INDONESIA - THE HINDU BUSINESS LINE
Expanding horizon
Agreement by the Indonesian Government is likely to help CIL gain foothold in India's largest sourcing point of thermal coal.
...
Friday, 18 June 10
THE PANAMAX MARKET CONTINUED ITS SOFTENING TREND - FEARNBULK
Handy
Flat Atlantic markets with most markets in ´slow mode´ due to holidays in China.
Supramax vessels open in the USG are achievi ...
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- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
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- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
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- Power Finance Corporation Ltd., India
- The University of Queensland
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- Australian Coal Association
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- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
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- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
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- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Minerals Council of Australia
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- PTC India Limited - India
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
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