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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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Thursday, 30 September 10
INDONESIAN COAL FOR POWER PLANT - LANKA GAZETTE
Lanka Gazette reported that, A cargo vessel with coal on board to generate electricity for the Norochcholai Coal Power Plant will arrive in Sri Lank ...
Wednesday, 29 September 10
MOZAMBIQUE: COAL IN THREE MORE TETE DISTRICTS
All africa reported that, Coal deposits have been confirmed in the districts of Changara, Cahora Bassa and Magoe, in the western Mozambican province ...
Tuesday, 28 September 10
MMTC TO AWARD CONTRACT TO CEPL AND KNOWLEDGE TO SUPPLY 0.835 MILLION TONS OF IMPORTED COAL
COALspot.com: MMTC, India’s state owned trading company has opened three coal purchase tenders today.
According to our market sources, Coas ...
Monday, 27 September 10
DRY BULK: FREIGHT RATES CONTINUE TO FALL ON LOW ACTIVITY - HELLENIC SHIPPING
The dry bulk market didn’t manage to change its fortunes during the past week, with holidays across many Asian countries, predominantly China, ...
Saturday, 25 September 10
INDONESIA HAS EXPORTED 187.656 MILLION TONNES OF COAL IN EIGHT MONTHS
COALspot.com: Indonesia, the world largest coal exporter has exported 187.656 million tons of coal for the period January – August this ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- The University of Queensland
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
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