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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, 13 May 10
CHINA CONCERNS TO TEST RAW MINERALS - THE AUSTRALIAN
The Australian reported that, COMMODITY prices will remain volatile and drop from recent highs as China's appetite for raw materials softens. James ...
Thursday, 13 May 10
ACTIVITY ON WEST COAST INDIA IS SLOWING - FEARNLEYS AS
DRY BULK CHARTERING
Handy
Atlantic markets remain firm but more for end May/beg June dates as there seems to be more enquiries for those dates. ...
Wednesday, 12 May 10
BANPU'S Q1 PROFIT SLIDES 43% TO B2.71BN - BANGKOK POST
The Bangkokpost reported that, Banpu Plc posted a first-quarter net profit of 2.71 billion baht, down by 43% from the same period last year.
The ...
Tuesday, 11 May 10
DALRYMPLE BAY COAL EXPORTS HIGHEST SINCE JULY; NEWCASTLE FALLS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Dalrymple Bay terminal in Queensland state rose to the highest in nine months in Apri ...
Tuesday, 11 May 10
DRY BULK RATES SHOOT UP ON STRONG CARGO DEMAND
The dry bulk industry’s benchmark, the Baltic Dry Index (BDI) has kept its momentum, as predicted by analysts and shipping experts, managing t ...
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- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- The University of Queensland
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- White Energy Company Limited
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
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