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Thursday, 09 September 10
DRY BULK MARKET IS LOOKING TO INCREASE GAINS ON OCTOBER IRON ORE CONTRACTS
 The “success” story that the dry bulk market has been displaying during the past couple of weeks is being materialized as we head towards another “winning” week for the industry’s main benchmark, the Baltic Dry Index (BDI). The index posted yet another rising session yesterday, ending up by 57 points to 2975, looking ready to cross the 3,000 point mark for the first time since June, when the market was experiencing a free fall. Once again the “star” of the day was the capesize segment of the market, with the capesize index rising by 123 point to 4024, while daily average earnings are now over $40,000, against a mere $10,000 less than two months ago.
In its latest weekly report, shipbroker Fearnley’s said that “the Baltic Capesize index has increased from 3516 to 4024 though the past week. The average time charter rates have increased from usd 34488 to 40904 in the same period. We can definitely say that the index has been lagging and is under what is being physically being concluded. The recent rally in the market can be described as re-let driven, and when it became apparent that there were few ballasters towards Brazil, the operators began to react and secure what they could of tonnage. The fact that Vale came in and picked up the very early units has compounded the situation and freight rates in the Atlantic, both for front haul and transatlantic routes, are still firming. On the period front, operators have swept the market and absorbed the available period candidates at premium levels”.
In a separate update on Chinese iron ore demand, Jeffrey Landsberg, analyst with Commodore Research & Consultancy said that “reports have been surfacing of a government push to reduce power allocation to heavy polluting Chinese industries. Steel mills, in particular, have been targeted - with reports suggesting that many mills will be forced to cut production. We’d like to point out that current iron ore demand remains very strong. 19 Chinese iron ore fixtures have already been reported this week - this week's total Chinese iron ore fixtures are very likely to exceed the trailing four week average of 21 fixtures. While it is certainly possible that Chinese steel production may be poised to come under pressure soon, spot Chinese iron ore demand has yet to decline. If anything, Chinese iron ore demand is showing signs of strength this week, which has been responsible for this week's increase in capesize freight rates” said Landsberg.
Meanwhile, Omar Nokta, head of research at Dahlman Rose & Co, said in a note, quoted by Reuters that “with capesize fixtures for October-load expected to commence in the coming days, we expect increased demand and higher freight rates associated with the new (Q4 iron ore) price." In a separate quote from the news agency, Derek Langston, a director with SSY Consultancy and Research mentioned that the market last week and this week to some extent is a reflection of improved sentiment as the fourth quarter approaches. He also said that “we have a situation where steel prices are rising and the prospect very soon of lower contract prices for both iron ore and coking coal."
As for the Panamax market, Fearnley’s said that “a positive trend was seen during this week, with rates climbing steadily. Especially period requirements were a hot topic, and 2 years fixed at 23250 del Far East, for then to be relet at 28250 for 5/7 months. In the Atlantic the TA´s fixed in the 29/30k region, up usd 5000 from last week, same jump were seen for fronthaul, fixing in the usd 35/36k levels. In the Pacific, LME ´s fixing usd 26/27k, up usd 3/4000 from last week. Backhauls were more or less stable at usd 14000”.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 09 September 10
INDONESIA SWAPS COAL FOR INFRASTRUCTURE - FT
As Asia’s major economies bound forward and their hunger for energy surges over the next decade, Indonesia is strategically positioned to take ...
Tuesday, 07 September 10
INDIA IMPORTS 1.63 MLN T OF COAL FOR THE PERIOD 30 AUGUST - 5 SEPTEMBER - SOURCES
COALspot.com: India has imported 1.07 million tons of power plant coal, 0.520 mln tons of coking coal and around 41,000 mt of Anthracite coal for th ...
Tuesday, 07 September 10
GOVERNMENT DECLARED INDONESIAN COAL PRICE REFERENCE DECLINE FOR THIRD-STRAIGHT MONTH
COALspot.com: Indonesian thermal coal price reference, a monthly benchmark price declared by Ministry of Energy and mineral resources of Repub ...
Tuesday, 07 September 10
MERCATOR TO BUY COAL MINE IN INDONESIA THIS FISCAL
Mercator Lines, India’s second-largest shipping company which has diversified into coal mining, will buy a coal mine in Indonesia with more th ...
Monday, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
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- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Australian Coal Association
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
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