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