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Saturday, 06 November 10
DRY BULK MARKET LACKING SUPPORT TO SUSTAIN CURRENT LEVELS, BUT PANAMAX OWNERS ARE MORE FORTUNATE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Posting its fifth straight losing session, the dry bulk market benchmark, the BDI (Baltic Dry Index) was down yesterday by another 1.26% to 2510 points, as the market doesn’t seem able to find the necessary support to stay afloat. The Capesize segment of the market was down by 1.21%, while all other smaller ship markets were also on the decline. Analysts have highlighted the fact of waning China iron ore buying which is adding pressure to capesize rates, while all indications point to further downside in the medium term as is evident by the freight futures market.
According to shiprboker Fearnley’s, capesize market sentiment for this week was definitely negative. The physical market started to drop, led by a lack of activity in the Atl. The lack of fresh demand on the T/A route combined with the absence of second half of November front haul business put an effective stopper on the market. Where we saw northern Atlantic demand commanding high rates, the Brazil route was never able to compete and now we have seen re-let business concluded at between usd 28 and 29 pmt for Brazil to China.
In the Pacific the major miners successfully bought the market down well into the usd 11.00 mark for W.Australia cargos, but one player seems to have been caught out and has paid a premium for very early vessels. On the coal side there was a flurry of Chinese demand for S.African material, but with the subsequent rise in the FoB price to a 6 month high, further spot sales have dwindled and as such ballasters will have to rely on Brazil, which is looking thin for end Nov demand” said the shipbrokers’ weekly report.
Meanwhile, in the Panamax front, things don’t appear much different, despite last week’s gains. “The Panamax market still suffers from low activity and little demand as rates were sliding after the short upturn last week. The Atlantic is still weak with oversupply of tonnage although there are less ballasters coming in from the FEast. US Gulf grains export still active with fronthaul fixtures in the 27k range but TA rounds sliding slowly to 17k. In the Pacific the market is supported by more fresh requirements and a better balance for available tonnage.
Typically Pacific fixtures hovering around 19k mark, but better figures achieved for Aussie and India business. The period market has been slow with an almost flat curve from 4-6 months up to 2 years around the 22k level. FFA gradually falling in anticipation of lower freight rates going forward. Despite a still bearish sentiment there is an increasing opinion there is support at current levels with room for a short term coming improvement’’ said Fearnley’s.
Indeed, it seems that Panamax owners have more to cheer for, despite this week’s less than “happy-go-lucky” market sentiment. According to Jeffrey Landsberg, an analyst with Commodore Research & Consultancy, Asian thermal coal demand has remained robust and panamax rates are beginning to find support. Going forward, we expect panamax rates will find more support and continue to expect that panamax congestion at Australian and Indonesian coal ports will increase significantly by the middle of November.
Our expectation for an increase in congestion is due to a large amount of panamax vessels having been chartered in October to export thermal coal from Australian and Indonesia ports.
So far this week, a total of 14 vessels have been chartered to ship thermal coal to China (last week saw a robust 15 vessels chartered to ship thermal coal to China). A large amount of vessels continue to be chartered to export thermal coal to other Asian buyers as well, with Indian thermal coal demand remaining extremely robust. Temperatures in northern China (including Beijing) are expected to decline considerably beginning on Sunday.
A cold front will be affecting the region during most of next week” concluded Landsberg.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 09 November 10
NOBLE GROUP APPOINTED AS THE EXCLUSIVE MARKETING AGENT FOR PT. BERAU COAL
COALspot.com: Noble Group Limited has recently been appointed as the exclusive marketing agent for PT. Berau Coal production exported to internation ...
Monday, 08 November 10
INDONESIAN HBA HAS INCREASED TO $ 95.51 PER TON FOR NOVEMBER LOADING
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Sunday, 07 November 10
THE SUPRAMAX INDEX IN THE FAR EAST CONTINUED TO BE UNDER PRESSURE - CAPT. REDDY
COALspot.com: The freight market continued to remain soft and all segments were down by almost about 6 pct.
The BDI and Cape Size index was down ...
Friday, 05 November 10
RI COAL EXPORT PROSPECTS STILL BRIGHT - THE JAKARTA POST
The Jakarta Post reported that, Indonesia, already the world’s largest exporter of seaborne thermal coal since 2005, will continue to be a maj ...
Thursday, 04 November 10
CAPE SIZE SENTIMENT FOR THIS WEEK WAS NEGATIVE - FEARNBULK
Handy
The Atlantic markets remain flat and lackluster. High volume of tonnage availabi ...
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- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Deloitte Consulting - India
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
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