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Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
 With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the dry bulk market as observed through the industry’s benchmark, the Baltic Dry Index (BDI) seems to be regaining its positive edge to rise to 2741 points, or by 28 points. For the most part, this increase was attributed to the rapid increase of the capesize segment of the market, which rose to 127 points or 3643 for the BCI (Baltic Capesize Index) In a relative weekly report, shipbroker Fearnley’s said that there was more uncertainty in the capesize market in the beginning of the week with London off and a clear lack of activity. However with everyone back in office, activity picked up and rates improved, with West Australia-China presently being done at mid usd 11 pmt and for fronthaul owners asking in the high 20s pmt with last done around usd 28. Period rates remain stable. The India business is back after monsoon period, and various operators reappearing in the market” the broker noted.
As for the Panamax market, there wasn’t a lot of business reported in the beginning of the week, for the same reasons as above. “But sentiment is rather sentiment is rather bullish across the board. Seems the increasing rates we have experienced the last couple of weeks have found its support in the FFA market. As pointed out earlier the rate increase has not had an explanation in the physical trade - but rather looking at Q4 figures in the FFA market has given ows/chrts confidence to fix short periods which in turn has helped the physical market. Grain cargoes out of USG and ECSA are starting to show themselves in the market for very end Sept and early Oct dates. The reason for the delay is that the big grain houses cvrd their first stems with all the short periods they took in some 2/3 weeks ago. Tarv getting mid 20/s lvl, Fhauls mid/low 30/s, and a Pac round low teens” Fearnley’s said.
Meanwhile, in the smaller handy segment (in terms of ship size), last week has a bullish undertone in the Atlantic, “but this was quickly put a damper on – as activity is slow this week and not much fresh enquiry. Insisting signals that a deeper recession will be hitting Europe and USA, the UK banking holiday on Monday added to the subdued tone felt this week. Indexes were all negative (except Cape) thus confirming that the momentum of the last weeks has (momentarily) stalled and we are up for volatile markets in Q4. Rates are at mid/high teens for t/a rounds on Supras (quite low) and in the 30/s for trips FEast. Outlook: stable. F.East; There is an air of uncertainty in the market and a slow start to the week with England/s Bank Holidays, tonnage supply remains healthy and rates continue to slide. Short period interest still remains firm at the low to mid 20 level. For a NOPAC round fixtures have been reported in the high teens while owners are aiming early 20/s for Indo RV/s and around the mid teen level for N.China via Indo to India” the broker concluded.
Nevertheless, August ended on a record, as far as capesizes are concerned, with the relative index rising by a whopping 130 percent, the highest since the 212 monthly gain recorded back in May of the previous year. This development is a clear indication that the dry bulk market has been as volatile as it was during 2009, with the latest series of ups and downs, being recorded since March-April (ups) and then from the end of May until mid July (downs), bringing the market from 4,300 points down to 1,700 points and back to today’s levels of more than 2,740 points.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 15 October 10
VALUE ADDED TAX FOR COAL TO RE-INTRODUCE IN INDONESIA
COALspot.com: Indonesian government is drafting a ministerial decree to re-introduce value added tax for coal and mineral. Coalindo weekly news lett ...
Thursday, 14 October 10
COAL PRICES AT QINHUANGDAO PORT UP - CAPITALVUE
Capitalvue reported that, prices of steam coal yielding 5,500 kilocalories per kilogram (kcal/kg) in Qinhuangdao Port have risen five yuan to 715-72 ...
Thursday, 14 October 10
DRY BULK MARKET MAINTAINS POSITIVE TREND ON FIRMER CHINESE IRON ORE DEMAND
The dry bulk market has kept its upward trend set since last week, with the industry’s main benchmark, the Baltic Dry Index (BDI) rising to 2, ...
Tuesday, 12 October 10
DRY BULK MARKET LOOKING FOR DIRECTION AFTER WEEK OF CAPESIZE GROWTH
The dry bulk market ended Monday unchanged from Friday’s closing, today standing at 2,695 points. In summary, the capesize and the supramax se ...
Tuesday, 12 October 10
COAL SPOT TRADING MAY SOOTH PRICING CONFLICTS - GLOBAL TIMES
Global Times reported that, Tianjin-based Bohai Commodity Exchange launched steam coal for spot trading for the first time Monday. Steam coal is mai ...
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- Bulk Trading Sa - Switzerland
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- LBH Netherlands Bv - Netherlands
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- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
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- Sinarmas Energy and Mining - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Planning Commission, India
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- Attock Cement Pakistan Limited
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- Commonwealth Bank - Australia
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- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
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- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
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- White Energy Company Limited
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
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- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
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- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
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- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- London Commodity Brokers - England
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- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
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- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
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- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
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- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
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- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Minerals Council of Australia
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
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