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Thursday, 24 March 11
DRY BULK MARKET RISES, CAPESIZES GAIN BUT REMAIN LOW EARNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market posted modest gains on Wednesday, with the Baltic Dry Index rising to 1,565 points, up by 1.43 percent on the day, led by gains of 3.12 percent in the Capesize market. It was the second day of gains for the market, on the aftermath of the devastation in Japan,
which is still expected to impact the market, both in a positive way and in a negative way, depending on the type of trade. Still, as analysts noted, the Capesize segment, which is the most overweighed by a huge orderbook and a flurry of new building deliveries, remained among the lowest earning ones for ship owners, with average rates now standing at just over $10,000 per day.
In the short term, the disaster in Japan has resulted in a slower flow of dry bulk commodities to the country, mainly iron ore and coal, although there are some signs of incoming improvement as the Asian country’s industry slowly begins its return to business. This means that power plants will begin to restock their coal inventories, while Japanese steel companies will begin importing iron ore again to rebuild their damaged output. Still, according to Will Fray, a senior analyst with consultants MSI, quoted by Reuters, “I wouldn’t necessarily see recent gains as significant. The interesting thing to see is that capes, where the current supply overhang is most evident, are still the lowest earners. Spot ore import activity is not strong enough to improve rates there -- trade has certainly been slower to China for several months now, linked to a cooling in steel production” he said.
Meanwhile, according to the latest weekly report from shipbroker Fearnley’s, “the capesize market continued to fall through last week bottoming out on Monday at an average time charter rate of USD 9,298. This has now picked up to USD 10,089 which is still not very exciting. Nonetheless, the paper market is enthused and the front end of the curve has picked up somewhat, but not enough to allow a repeat of the 3 year fixture reported last week. There are takers for this period but they are rateing lower numbers and owners are not ready to accept these figures. On the spot market fixtures remain relatively flat and the Atlantic continues to be stronger than the Pacific. In general, uncertainty due to events in Japan and in the Mediterranean are keeping the market weak, though there could be some more near term activity in the Atlantic due to nuclear plants in Germany being taken off line for safety checks” it said.
Regarding the Panamax market, it mentioned that after a slow week with marginal decline in rates the market found support with levels moving upwards from mid week. “This was predominantly driven by ECSA and USG grains and short period activity to cover same with owners now able to secure healthy USD 27,000 with equivalent ballast bonus for front haul. Short period was also fairly active with grain traders and operators booking tonnage in the Far East in the mid 17,000 range. Lack of other fresh mineral business in both hemispheres kept a stable but not very enthusiastic sentiment. North Pacific and Pacific business is fixable at mid to upper teens while Atlantic rounds close to 17,000/day. One year period is being secured at 16,500-17,000 but takers are reluctant to pay owners similar levels for longer duration” said the shipbroker.
As for the smaller segments, which are supported by current robust grain trade activity, Fearnley’s added that “the Atlantic market remains stable with more activity from the Black Sea to Feast paying in the mid 20´s on supras. The USG remains firm paying in the mid 20´s for trips into the MED and low/mid 30´s for trips FE. Nevertheless tonnage is piling up again with ballasters which will push rates downwards in a few weeks unless activity picks up more to absorb tonnage. In the Pacific, there is a tight tonnage supply on prompt positions in China/SEA for mostly handy up to 45,000 dwt which means rates are on the rise for those sizes. Supras on the other hand, are in abundance. There has also been a high amount of short period activity with charterers scrambling/hoping to take tonnage ´on the cheap´. The Far East remains reasonably tight on prompt tonnage, however with activity low and owners resisting. The market for North Pacific/Indo/India for tonnage delivering North China is in the USD 16,000 range” the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 04 February 11
ADARO ENERGY FY10 COAL SALES UP 6 PERCENT TO 43.84 MILLION
As reported by insider stories, Indonesian coal miners PT Adaro Energy Tbk has produced 42.20 million tons of coal in 2010, a 4 percent increase com ...
Thursday, 03 February 11
MERCATOR LINES TO INVEST RS 200-250 CRORE ON COAL MINE IN INDONESIA - ECONOMIC TIMES
Economic Times reported that, Mercator Lines, the HK Mittal-controlled shipping-to-mines major, will invest about 200-250 crore (US$ 43.825 - 54.781 ...
Thursday, 03 February 11
DRY BULK MARKET LOOKS SET TO BOTTOM OUT NIKOS - ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market having lost more than 72% of its value in the last month or so and having retreated to a 2-year low, it seems that the bott ...
Wednesday, 02 February 11
INDONESIA MAY MISS COAL EXPORT TARGET IN 2011
COALspot.com - Indonesian Trade ministry has instructed independent surveyors temporarily not to issue pre-shipment survey report (LS) to the compan ...
Wednesday, 02 February 11
BAYAN TO SUPPLY COAL TO TP UTILITIES LTD
Insider Stories has reportd that, Indonesia's one of the leading coal miner PT Bayan Resources Tbk (BYAN) owned by businessman Dato' Low Tuck ...
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- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- PTC India Limited - India
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
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