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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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Monday, 11 October 10
INDONESIAN POWER PLANTS AND OTHER INDUSTRIES TO BURN 78.97 MLN TONS OF COAL IN 2011
COALspot.com: The Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree 2360 K/30/MEM/ 2010 related to Domestic mark ...
Monday, 11 October 10
COAL IMPORTS TO START IN 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Viet Nam is now likely to import coal only from 2015, not 2013 as earlier forecast since many thermal power pl ...
Monday, 11 October 10
OCTOBER INDONESIAN COAL PRICE REFERENCE UP BY 2.92 PERCENT
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Saturday, 09 October 10
MPPGCL SEEKS TO BUY 0.40 MLN MT OF COAL FOR ITS THERMAL POWER STATIONS
COALspot.com: India's Madhya Pradesh Generating Company Limited (MPPGCL), Jabalpur, Madhya Pradesh invites bidders through tender 07-03/Import/Coal ...
Saturday, 09 October 10
FREIGHT MARKET IS EXPECTED TO FIRM UP NEXT WEEK CAPT REDDY
COALspot.com: Inspite of Chinese holidays the BDI was up by 10 pct and closed at 2,696 points. The cape index shot up to 20 pct and closed at 4,076 ...
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- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- The University of Queensland
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- ASAPP Information Group - India
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
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