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Saturday, 15 May 10
DRY BULK MARKET POSTS HEALTHY WEEKLY GAINS
 The dry bulk market has reached new highs this week, the second consecutive solid one, with the industry’s benchmark, the Baltic Dry Index (BDI), inching closer and closer to the 4,000 point mark. On Friday, the BDI ended at 3,939, up by 15, capping the week with a nearly 9% gain overall, although the capesize segment showed some modest signs of fatigue by the end. Throughout the week, all of the indices were well up, as the market is showing its strength.
In its latest weekly report, Weberseas noted that “with it came stronger period activity across all areas. Whilst the newebuilding supply of ships continues, it seems that demand factors are very strong. Port congestion around the world continues to take ships off the market (at Newcastle, Australia alone there are some 33 vessels queuing off the port waiting to load 2.87 million tonnes of coal).
At the same time the world economy appears to be recovering at a steady rate with U.S. consumption (the driving force of global growth before the crisis) having gained significant momentum. Another good factor for dry bulk growth is the fact that the demand for non-oil commodities has grown at a remarkable pace in April. According to the World Bank non energy commodity price index increased by 9.6% in April alone, up from 1.7% in March!!! The index was supported by iron ore, agriculture and precious metals, while some industrial metals saw minor losses” said Weberseas.
But the shipping community is closely monitoring developments in China, which still plays a key role for the market. According to a latest note by Commodore Research & Consultancy, “Chinese steel production continues to set new records, and yet fears of an economic slowdown persist. China produced 55.4 million tons of crude steel in April, an increase of 430,000 tons (1%) from the previous monthly record of 54.97mt produced in March. Despite the ongoing robustness in Chinese steel production, many market observers have begun to sound the alarm that China’s economy is slowing down. These pundits are correct to be concerned over government policies aimed at restricting bank lending, slowing real estate prices, and slowing car purchases - but Chinese steel output has yet to decline.
Firming steel stockpiles may be signaling that Chinese steel production is set to slow however. Stockpiles of Chinese flat and construction steel products now total about 15.55 million tons, an increase of 150,000 tons (1%) from the end of last week. Prior to this decline, however, steel stockpiles had declined for seven consecutive weeks, and are still down significantly from a record 18.58mt stockpiled in the beginning of March. So far, robust steel production looks poised to continue but steel stockpiles must still be monitored. A rise in Chinese steel prices has also begun to level off, although prices are still much higher than they were a year ago” said the report. Still, a robust amount of iron ore and coal imports continue to be fixed in the dry bulk shipping market.
According to a report by Shanghai Daily, citing government reports, China’s economy is expected to grow 10.7 percent annually in the second quarter, slowing from the surge of 11.9 percent in the first three months of this year. This slowing down of the pace is attributed to a smaller rise in investment, according to the latest report by the State Information Center, a unit under the National Development and Reform Commission, the country's top economic planner.
"China has recovered solidly from the global financial crisis. The first-quarter gross domestic product climbed to a record 11.9 percent but it is mainly due to a low comparative base last year," the report said. "Excluding the low-base effect, the growth is still within a range of reasonable expansion, and the economy is not overheated as some analysts claimed." Investment, however, will expand at a slower pace after China tightened credit to avoid economic overheating and curb a possible asset bubble. Urban fixed-asset investment is expected to gain 24.5 percent in the second quarter, lower than a rise of 25.6 percent between January and March. Exports, badly hit by the global financial crisis, may climb 25 percent in the second quarter. Imports are seen to surge 35 percent.
Commodore’s outlook on China’s economy suggested that it is very possible to see a moderate slowdown in the medium term (six to nine months), but into the summer, demand trends look poised to remain robust.
Source: Nikos Roussanoglou, Hellenic Shipping
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Saturday, 08 May 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND PANAMAX / $ 21500 & SUPRAMAX / $ 18500 PER DAY - VISTAAR SHIPPING
COALspot.com: The BDI continued to go up and was up by 7.57 pct even though the stock markets was severely affected with worries on Greek debt crisi ...
Saturday, 08 May 10
MAHAGENCO TO IMPORT 3.35 MILLION TON OF COAL
COALspot.com: Indian utility Maharashtra State Power Generation Co. Ltd. is in market for 3.35 million tones of imported coal. The purchase of coal ...
Saturday, 08 May 10
NAPOCOR BUYS 122,000 TONS COAL - ABC CBN NEWS
ABC - CBN News reported that, State-run National Power Corp. (Napocor) said on Thursday it awarded 2 contracts for the supply of a total 122,000 ton ...
Saturday, 08 May 10
RICHARDS BAY COAL SHIPMENTS FALL TO AN 11-MONTH LOW - BLOOMBERG
Bloomberg reported that, Coal shipments from Richards Bay Coal Terminal, Africa’s biggest export facility for the fuel, fell to an 11-month lo ...
Tuesday, 04 May 10
APRIL 2010 COAL PRICE REFERENCE WAS US$ 86.58/T FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has publishing a monthly coal price reference (HBA) to be used by ...
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- MS Steel International - UAE
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
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