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Wednesday, 20 October 10
CAPESIZES FINDING SUPPORT IN IRON ORE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Although the beginning of the week wasn’t the rosiest one for the dry bulk market, last week proved a cheerful one for dry bulk ship owners, especially those who have invested in the capesize market, as rates improved together with an increase of iron ore fixtures. As a result, Capesize rates are currently averaging $45,279/day, an increase of $4,481 (11%) from a week ago. Meanwhile, yesterday (Monday) the industry’s main benchmark, the Baltic Dry Index (BDI) was on the negative side, albeit just slightly, retreating by 0.22% to 2,756 points, virtually unchanged from the previous Friday.
According to Commodore Research’s latest weekly report there were 33 iron ore fixtures reported during the past week, two more on a weekly basis and up moderately from an average of 28 iron ore fixtures reported during the previous four weeks. Commodore said that “24 of last week’s ore fixtures were for capesize vessels, a historically very large amount and the same amount as during the previous week. Chinese iron ore demand has remained robust - but Chinese steel stockpiles have continued to increase sharply and need to be monitored closely. Demand for coal and grain has remained strong, but panamax vessels have come under pressure partially due to a decrease in congestion at various coal ports. Rates for smaller vessels have continued to remain relatively steady”.
In total, 117 spot trip fixtures (1 less than the previous week) and 15 period fixtures (2 less than the previous week) were reported last week. 6 of the period deals were for one year or more. “Period chartering activity remains at a low level not seen since the middle of July when spot rates were near 2010-lows. Sentiment had been improving recently due to a loosening in Chinese government restrictions on electricity allocation to steel mills – but sentiment for the medium-term remains low due to concerns over the orderbook” said the report. In fact, orderbook concerns continue to weigh very heavily on the collective mind of the market however. In the first two weeks of October, an average of 16 period deals have been reported each week. This is down sharply from an average of 22 weekly period fixtures in September and 33 weekly period fixtures in August. Despite capesize spot rates rising significantly from a few months ago, period activity remains subdued and negative sentiment lingers.
According to Commodore, the recent increase in iron ore fixtures has come primarily as a result of robust demand in China. Chinese steel mills continue to receive greater allocations of electricity and production is slowly increasing. The recent growth in Chinese steel stockpiles must be monitored however. If this steel is not consumed, ore fixtures will likely soon come under pressure (it is possible that the last two weeks of holidays in China have delayed steel shipments to end-users). Going forward, we will publish an update on stockpiles if they change dramatically mid-week.
Meanwhile, another unpredictable development is expected to affect the market, as heavy rain in much of Australia is expected to impact coal supply from Queensland, located to the northeast of the country. Queensland exports a large amount of both thermal and coking coal primarily to buyers in China, South Korea, Japan, and India - but there is a good chance that there will be sporadic delays in coal exports in the upcoming months.
This would result in an increase in port congestion and force buyers to import more coal from less proximate exporters including South Africa, Colombia, and the United States.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 29 October 10
CAPE MARKET STARTED TO BREAK THOUGH THE UPWARDS RESISTANCE LEVEL OF USD 40K DAILY FOR SPOT CARGOS - FEARNLEYS
HANDY
The Atlantic markets remain flat and lackluster. The expectations that the grain ...
Friday, 29 October 10
CHINA'S COAL DEMAND DRIVES DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is posting marginal, yet steady growth this week, with the Baltic Dry Index rising yesterday to 2784 points, up by 0.2%. Both th ...
Wednesday, 27 October 10
TNPL TO AWARD 240,000 MT COAL SUPPLY CONTRACT TO COAL & OIL
COALspot.com: Tamil Nadu Newsprint Papers Limited, Tamil Nadu state owned Newsprint and Printing & Writing Paper producer has opened a coal purc ...
Wednesday, 27 October 10
CHINA AIDS RUSSIA IN DEVELOPING COAL RESOURCES - PEOPLE'S DAILY
People's Daily reported that, Russia will use 6 billion U.S. dollars in loans provided by China to develop coal resources in Sakhalin Island, Elege ...
Wednesday, 27 October 10
MAIDEN COAL SHIPMENTS TO NOBLE RESOURCES - PAN ASIA AUSTRALIA
Press Release :
First Coal Shipments made from Nadvara Coal Project, East Kalimantan
51,616 tonnes delivered from October production &ndas ...
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- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- White Energy Company Limited
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- The University of Queensland
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Planning Commission, India
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
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