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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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- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Planning Commission, India
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- White Energy Company Limited
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
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