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Thursday, 10 March 11
DRY BULK MARKET SHOWING SIGNS OF STRONGER RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market jumped by 3.37% yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI), moving up to 1,472 points, levels not seen in weeks. The recovery was led by the Capesize market, which burst forward by an impressive 6.52%, with the Baltic Capesize Index reaching 1,699 points, finally surpassing the relative earnings of the much smaller in size Supramax ship type (1,512 points). As for the Panamax segment, it still “rules” the dry bulk market with the highest earnings, with the Baltic Panamax Index rising yesterday by 2.29% to 2,095 points.
According to Fearnley’s latest weekly report, in the capesize market, “both actual and nominal levels rising throughout the week, assisted by improving paper values and ever-increasing bunker prices. Considering the market remains massively overtonnaged, however, this appears more of a "dead cat bouncing" situation than the start of a fundamental recovery. Atlantic stands out as the most active/promising area, with genuine end-users to a large extent making up spot demand. Average tc-levels are up some 65% to come in at around usd 8k - which at least makes it worthwile to sail instead of drifting. Period fixing is limited to a handful of key players - levels varying considerably from usd 10k done on 16,4000 dwt/blt 1996 delivery China prompt for 4-6 months, to 180kdwt/blt 2010 fixing 4-6 months at usd 15k also basis delivery china prompt - the latter interestingly almost on par with 12 months concluded on 177kdwt/blt 2004 delivering end march for major miners” said the shipbroker.
Regarding the Panamax market, it mentioned that “after a slow last week the Panamax market took a clear turn this week. Fresh grain cargoes out of ECSA appeared and owners starting to ballast their vsls from Pacific in the same direction. Typical rates to secure ECSA grain business around 19,000/Day. Moreover, a more active period market with operators booking short period tonnage to cover grain business at levels rising from mid 17 towards the 19,000 mark. Atlantic still fine balanced and Continent tight for prompt tonnage with TA rounds fixed at 16-18k. The Pacific spot market not as enthusiastic. However, owners able to secure levels around the healthy mid teens. Propelled by the fresh grain orders, more active short period market and a slightly positive forward curve, nervousness turned into a growing positive sentiment. As the cape market also show signs of a recovery owners are raising their levels for longer periods. Takers are still reluctant though” the report noted.
In a separate weekly analysis by Commodore Research & Consultancy, “Chinese iron ore fixtures have remained low due the near record amount of iron ore that is stockpiled at Chinese ports. 21 vessels were reportedly chartered to export iron ore to China last week, 1 less than the previous week. Chinese thermal coal fixtures have also remained low in recent weeks due to robust port stockpiles, but a greater than usual amount of coal fixtures did come to the market last week. Chinese steel production could come under a small amount of near-term pressure due to falling prices and the continued surge in domestic steel stockpiles. Market sentiment inside and outside of China remains firm. Similarly, Commodore mentioned that coastal shipping rates continue to rebound, with rates to haul grain along the Chinese coast now finding support (only rates to ship coal were previously finding support).
Rates to haul coal continue to find the most support; rates to haul iron ore remain flat. Coastal rates to ship coal from Qinhuangdao (located in northeastern China) to Shanghai have increased to about $6.71/ton, an increase of $1.06 (19%) from a week ago. Rates to haul coal from Qinhuangdao to Zhejiang province (located directly south of Shanghai) have increased to $6.87/ton, an increase of $0.92 (15%) from a week ago” said Commodore.
Thermal coal demand remains firm and the 6 vessels chartered to ship thermal coal to China last week were up slightly from the trailing four-week average. On average, 4 vessels were chartered to export thermal coal to China during the weeks ending February 4 to February 25. A large amount of coal remains stockpiled at Qinhuangdao and other major Chinese coal ports which continues to result in Chinese thermal fixture volumes remaining much lower than the robust fixture activity seen in late November through early December.
Source: Nikos Roussanoglou, Hellenic Shipping
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Monday, 14 March 11
IRON ORE TRADING WORLD EUROPE 2011
Press Release - Strategy and opportunity for miners, steelmakers, end users and the financial community.
The iron ore spot market is growing at a ...
Sunday, 13 March 11
COAL NO LONGER A CHEAP ENERGY SOURCE - THE SUNDAY LEADER
The Sunday Leader reported that, the addition of power generated through coal power to the country’s national grid was initially expected to r ...
Sunday, 13 March 11
THE FREIGHT MARKET SEEMS WILL BE FIRM FOR MARCH AND APRIL - VISTAAR
COALspot.com - The freight market continued to rise with the BDI crossing 1500 points and the cape size index up by 32 pct and all other segments al ...
Friday, 11 March 11
THE HANDY MARKET IS QUITE VOLATILE
Handy
Lacklustre week as the USG is the only bright light with high volumes of petcoke/coal into the Med (paying mid 20´s bss aps USG). Litt ...
Wednesday, 09 March 11
INDONESIA HAS SET THE MARCH 2011 INDONESIAN COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.43 PER TON
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the March 2011 Indonesian Coal Reference Price for thermal c ...
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- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- The University of Queensland
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
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