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Thursday, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
 The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with the industry’s benchmark, the Baltic Dry Index (BDI) retreating again on Wednesday. The BDI was down by 1.44% on Wednesday to 2,468 points, while what’s worth noting is that all ship classes were on the downside. A Reuters report mentioned that according to traders the main reason for the drop was that market participants closed positions following Tuesday's rise and in anticipation of lower demand as of Friday as China heads into a one-week national holiday.
According to a weekly report from shipbroker Fearnley’s, the “back end of last week began to show some signs of improvement in the capesize market. The expectation was that this week would be active as the Far Eastern markets were back at work and would be busy clearing their desks, pending next weeks holidays. This has cautiously proven to be true. First led by the paper market and then followed by physical fixtures. The fronthaul market has moved from mid usd 20´s level to usd 28.00 pmt for Brazil/China, and vessels in the Pacific are securing round voyages in the mid usd 30000 range. The Atlantic is still a bit sluggish and the bids are actually below the rates achieved in the Pacific. There has been little activity on the period front, except a rumor that one of the ore majors has taken a vessel for short period in the mid usd 30´s” said the report.
Similarly, the Panamax segment “continued continued its downward trend from last week, however the Chinese re-entered the market on Monday. We see more cargoes in the market, but several of these cargos are tender biz. The steel production in China has picked up a bit again, and this should be positive for the iron ore prices and the shipping market. The longer period market is absent with what´s done-done private. Tarvs fetching around very low usd 20´s, fronthauls around 30k and Pac rounds fixing in the high teens. For the rest of the week we expect some more activity as the Chinese have holidays coming up (1/7 Oct) and the "Golden Week" coming up the week after. They will most likely need to clear out business matters before this holiday” said Fearnley’s.
As a result the Panamax market fell yesterday by 3.18 percent, while the Supramax segment was marginally lower by just 0.32 percent, i.e. virtually unchanged. According to Reuters’ sources, “coal traders were taking advantage of the five-week low in freight rates and a weak dollar against the euro to cover themselves for a possible rebound in power prices ahead of the winter heating season”. "Coal is one of the most important products carried by freighters, so if the increase in coal prices lasts, then we are likely to see an upward correction in freight rates too," one coal trader said.
In a separate story from Bloomberg, Andrew Dawson, a shipbroker at Freight Investor Services Ltd. in London was quoted as saying that with China on holiday next week, the expectation is that the market will come off again. Meanwhile, Chinese iron ore demand growth may resume later this year and into 2011, Vale SA, the world’s biggest exporter of the raw material, said yesterday.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 05 October 10
EWP SEEKING VIETNAMS ANTHRACITE COAL
COALspot.com: South Korea’s EWP is seeking Min 200,000MT of Vietnam coal with plus or minus 30,000MT at EWP’s (Korea East West Power Co ...
Monday, 04 October 10
2 BLN TONS OF COAL RESERVES DISCOVERED IN SOUTHERN PAKISTAN - XINHUA / HELLENIC SHIPPING
Xinhua and Hellenic Shipping reporte dhtat, the discovery of at least two billion tons of usable coal reserves has been confirmed in one of the ...
Sunday, 03 October 10
THE BDI WAS JUST INCREASED BY 8 POINTS AND CLOSED AT 2452 POINTS LAST FRIDAY - VISTAAR
COALspot.com: The BDI was almost at same levels and just increased by 8 points and closed at 2452 points , however the cape index was up by al ...
Sunday, 03 October 10
NALCO TO FINALIZE INDONESIA COAL DEAL BY JANUARY - HINDUSTAN TIMES
HindustanTimes reported that, state-owned National Aluminium Company (NALCO) will finalise a deal with a coal source in Indonesia for its $4 billion ...
Sunday, 03 October 10
INDONESIA WILL BECOME A NET IMPORTER OF ENERGY IN 2030 - BPPT
Jakarta Updates reported that,Indonesian Agency for the Assessment and Application of Technology (BPPT) predicted that the energy situation in Indon ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- PTC India Limited - India
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Planning Commission, India
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
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