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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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Friday, 16 April 10
RBCT COAL DISPUTE RESOLVED - MININGMX
Miningmx reported that, the long-simmering spat over the coal allocation for producers who will use the expanded facilities at Richards Bay Coal Ter ...
Friday, 16 April 10
COAL INDIA SELECTS MERCHANT BANKERS TO ACQUIRE OVERSEAS ASSETS -THE HINDU
An investment of about $1.8 billion is expected to be made in these deals
The Hindu reported that, Bank of America-Merill Lynch, Royal Bank of Sc ...
Thursday, 15 April 10
MAJOR THERMAL COAL CONTRACT AT 40% HIGHER PRICE THAN LAST YEAR - BUSINESS STANDARD
Business-Standard reported that, India is expected to import nearly 60 million tonnes of thermal coal this year.
After coking coal and iron ...
Thursday, 15 April 10
RICHARDS BAY ROUNDS BACK TO INDIA SUPRAS WERE FIXED AT MID 20'S
Handy
The BSI remains in a positive momentum and the Atlantic remains unchanged from last week. Fronthaul grain is active which is keeping ballast ...
Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
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- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Electricity Generating Authority of Thailand
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