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Wednesday, 05 January 11
DRY BULK MARKET BEGINS NEW YEAR ON SOUR NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Seasonal factors like the worst flooding in Australia’s Queensland in half a century, coupled with thin trade activity has put the dry bulk market on a downward trend, with the industry’s benchmark, the Baltic Dry Index (BDI) beginning the year exactly like it ended. The BDI was down yesterday by 80 points to reach 1,693 points, among the lowest it’s been since 2009.
Wha’t even more disappointing this time around is that the downward pressure made no exceptions whatsoever as to which sectors it will affect. All various ship segments were down yesterday, reflecting a slump of demand across the board, with the most resilient market until now, the Supramax one taking most of the heat.
According to the latest weekly report from Shiptrade Services, the Capesize market has remained subdued, as was expected. “All fixtures intended to be concluded before the end of the month, were covered in the previous week, leaving very little to report this week. The adverse weather conditions in Australia which have created a chaos across many ports and upset coal exports, has also influenced the market negatively. Prices contracted remain on the same levels as last week.
In the Panamax market the same theory applied as activity was also low. The Pacific is still seeing an overcapacity issue which paired with the current limited demand, is keeping the sentiment down. On the contrary the Atlantic is being maintained on healthier levels. Transatlantic trips are still hovering around the low 20s as per last week. The Supramax sector was also quiet this week. No fresh enquiry was recorded in the Mediterranean and Black Sea. The market seems to have adopted a passive approach as most seem eager to see what the next week will bring. Owners in the Far East have been fixing their vessels on levels similar to the previous week where the opportunity arises, but this is very infrequent and they generally prefer to wait until further enquiry enters the market into the New Year, said the shipbroker”.
In a separate report from Bloomberg, Queensland’s floods are expected to further reduce dry bulk rates, as buyers of Australian coal are already cancelling ship charters. According to the story, “Queensland ships about 180 million metric tons of coal a year, or about a fifth of the global total, according to Sverre Bjorn Svenning, an analyst at Fearnley Consultants A/S in Oslo. The dry-bulk fleet grew 17 percent last year, outpacing an 11 percent increase in haulage demand, the research unit of London- based Clarkson Plc, the world’s biggest shipbroker, estimates.
Total seaborne trade in dry-bulk cargoes, spanning coal, iron ore, grains and other commodities totaled 3.3 billion tons last year, Clarkson estimates.
In terms of ship acquisitions, Shiptrade reported that sales were at very low volumes, whilst there weren’t any price changes. With the absence of BDI reports since Christmas Eve, purchase enquiries declined merely due to seasonality. “However, based on individual regions changes since last week were not dramatic. In the bulker sector Handy size vessels were the popular with Handymax and Panamaxes following closely. In the wet sector MR tankers dominated purchase enquiries whereas other sizes ranged from very low to null levels.
Among the two reported sales was a resale Supramax from STX Dalian yard in China with delivery in 2011. The price is said to be USD 32 Mill but the buyers remain undisclosed. VLCC tanker “Front Shanghai” (271,978 DWT built in 2006 in Nantong, CHN) was reported sold for xs USD 91,25 bill with TC bacl at 35,000/day for two years to undisclosed buyers”, said Shiptrade.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 05 January 11
HIGHER COAL PRICES LIFT UP COAL STOCKS
Thermal coal price this month has gone up 5.63% to US$127.70 per ton today from mid last month at US$120.89 per ton.
Thermal coal price for next ...
Wednesday, 05 January 11
BUKIT ASAM TARGETS 20% BUY TO GROW COAL TRANSPORT CAPACITY - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesian coal producer Tambang Batubara Bukit Asam is considering buying an additional 20 percent stake in Bukit ...
Wednesday, 05 January 11
FLOODING IN AUSTRALIA WILL CAUSE COAL PRICES TO SPIKE AT LEAST 20 PERCENT
Rising coal prices are set to spike at least 20 per cent higher because of supply shortages due to severe flooding in Australia, adding cost pressur ...
Tuesday, 04 January 11
THE WCI-CHINA ROUTE WAS TRADED IN THE MID US$ 10,000S - BRS DRY BULK
As reported by BRS Dry Bulk, after a stronger than expected performance in 2010, rates finished on a sombre note in December with the BDI at1,773 po ...
Tuesday, 04 January 11
BALI, INDONESIA HOST OF WORLD RENEWABLE ENERGY AND ENERGY EFFICIENCY CONFERENCE
Press Release - Indonesian Renewable Energy Society (METI – IRES) has launched the plan for organizing the international gathering ...
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- MS Steel International - UAE
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Economic Council, Georgia
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
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