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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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Showing 5536 to 5540 news of total 6871 |
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- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Planning Commission, India
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- The University of Queensland
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- White Energy Company Limited
- Parliament of New Zealand
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
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