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Tuesday, 26 October 10
DRY BULK MARKET TO KEEP RISING THIS WEEK ON STRONG CHINESE IRON ORE AND THERMAL COAL DEMAND - HELLENIC SHIPPING
 Overcapacitated or not, the dry bulk market keeps its positive momentum as we move forward this week, with the Baltic Dry Index (BDI) rising by 0.77% to 2,748 points on Monday. Strong iron ore and thermal coal demand from Chinese buyers has been the main reason for this positive development for ship owners of dry bulk carriers. Still, one has to point out that if the market hadn’t been so oversupplied, freight rates would have skyrocketed, instead of the current trend of little by little increases. In fact, analysts have stated that the should the current massive orderbook not have been weighing down on the market, rates could now be well over 4,000 points.
According to the latest report from Commodore Research, 38 iron ore fixtures were reported last week, five more than the previous one and up moderately from an average of 30 iron ore fixtures reported during the previous four weeks. “25 of last week’s ore fixtures were for capesize vessels, a historically very large amount and 1 more than chartered during the previous week. Chinese iron ore demand remains robust and Chinese steel stockpiles and ore port stockpiles have both declined. Stockpiles of Chinese flat and construction steel products currently total approximately 14.8 million tons, 400,000 tons (-3%) less than a week ago. The decrease in Chinese steel stockpiles follows a 400,000 ton increase in stockpiles seen during the previous week. A week ago, we expressed caution regarding the previous increase in stockpiles but suggested that it was likely that two weeks of holidays in China had delayed some shipments of steel to end-users. Chinese steel and iron ore demand remains strong.
The amount of vessels chartered to export ore to China last week was very robust. Demand for coal and grain also remain strong, especially thermal coal demand in Asia, but panamax, supramax, and handysize rates still declined due to a moderate amount of vessels available in the market” said Commodore.
In terms of chartering, 127 spot trip fixtures are reported (10 more than the previous week) and 20 period fixtures (5 more than the previous week). Period activity has increased moderately from the trailing four-week average which has seen 15 period fixtures chartered on a weekly basis. Current activity is still quite low, however, compared to an average of 22 period deals chartered on weekly basis in September and 33 chartered on weekly basis in August.
Meanwhile, Commodore predicts additional support to the freight market from a variety of factors. “A very large amount of ore fixtures continue to be reported in the market - but the vast majority have recently been made only to ship ore to Chinese buyers. In previous weeks, a moderate amount of fixtures were also chartered to export iron ore to buyers outside of China. We expect that the sudden slowdown in European, South Korean, and Japanese ore buying interest will only be temporary. We also expect Chinese iron ore demand to remain strong in the immediate short-term. In recent weeks, we have also brought attention to strong Chinese thermal coal demand and predicted that Chinese thermal coal fixtures would surge by the end of this month. Chinese thermal coal fixtures have begun to surge, as expected, as coal buyers begin restocking for the approaching peak winter demand season. Expectations for an active cyclone season in Australia, and the likelihood of congestion increasing at Indonesian and Australian coal ports, each have the potential to lend additional support to the freight market” concluded the report.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 26 October 10
INDONESIA SHIPPED 5.32 PERCENT LESS COAL IN SEPTEMBER 10
COALspot.com: Indonesia, the world largest coal exporter, shipped 21,661,817 MT of coal in September 2010, which is 5.32 percent lesser than Au ...
Monday, 25 October 10
TWO CHINESE COMPANIES INK DEAL TO TAP AUSSIE COAL RESERVES
China Daily reportd that, two Chinese coal firms have teamed up to explore and develop coal resources in an area in Australia that has forecast rese ...
Monday, 25 October 10
DRY BULK MARKET STILL HEAVILY DEPENDENT ON CHINA, POSTS SMALL WEEKLY LOSS OF 1.27% - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With every twitch and turn from China’s metals industry, the dry bulk market is disproportionally affected, as evidenced by the course of the ...
Sunday, 24 October 10
SUPRAMAX VESSELS BEING FIXED AROUND $ 15 K PER DAY DELIVERY N. CHINA FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SHIPPING
COALspot.com: The freight market this week remained almost at same levels with not much change. However the Far East/SE Asia market was quite soft w ...
Saturday, 23 October 10
HEAVY RAINS NO DAMPENER FOR 2010 COAL OUTPUT TARGET, MINISTRY SAYS - THE JAKARTA GLOBE
The Jakarta Globe reported that, National coal production would likely meet the target set by the Energy Ministry despite unusually heavy rain this ...
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- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
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