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Tuesday, 29 March 11
JAPAN FACTOR RIPPLING THROUGH THE SHIPPING MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 With the world watching the latest developments regarding the nuclear crisis in Japan and the devastating effects of the recent tragedy that struck the country in the local economy, the shipping sector has also been greatly affected. Every day that goes by things become even more clearer as to the repercussions the Japan crisis will bring to the shipping industry.
Last week ended with Capesize rates averaging $ 10,718/day, an increase of $1,349 (14.4%) from a week ago. Panamax rates are averaging $16,693/day, a decrease of $ 28 (0.76%). Supramax rates are averaging $16,762/day, an increase of $304(1.84%). Handysize rates are averaging $11,704/day, an increase of $393(3.47%). The BDI remained unchanged on Monday to 1,585 points, which is still up by 3.5% on a weekly basis, but 50% down from the same week of the previous year.
In an analysis issued yesterday, shipbroker Golden Destiny said that as a result of the tsunami, many Japanese ports have been closed, causing disruptions in the cargo supply chain. Meantime, the earthquake in the north east Japan is expected to influence the volume of steel production. Reports of five closures at five steel mills in Chiba, Heihin, Muroran and Kimitsu will likely reduce ore imports. Some forecasts are suggesting that ore demand could decline by as much as 20-25m tones and 10 million tones of coking coal demand. On the other hand, it may spur steel exports from neighboring countries, China and South Korea, once the earthquake reconstructions start up.
“Furthermore, speculations surround the market that Japan could increase its thermal coal imports due to disruptions to Japan’s nuclear plants. Roughly 20% to 25% of Japan’s electricity is normally derived from thermal coal. Last news suggests that ten of Japan’s nuclear reactors and at least five thermal coal power stations are offline expected to resume operation in two weeks. Approximately there are 55 nuclear reactors in Japan and roughly a third of Japan’s electricity is normally derived from nuclear power. Currently, there is no any time frame for when Japan’s nuclear reactors will come back online. The Fukushima Daichi nuclear power plants that will be closed for an indefinite period of time, is Japan’s fourth largest nuclear power plant and has an installed capacity of approximately 4,100 megawatts.
Furthermore, weather has turned colder in central and northern Japan and has put a greater strain on electricity supply. The shutdown brings memories of July 2007, when seven reactors in the northwest Japan were closed due to an earthquake and remained shutdown till 2009. Japanese thermal coal demand increased moderately during that time and is likely to increase again in the upcoming months” said the Piraeus-based broker.
The tsunami has also wiped out the majority of coal stockpiles at coal fired power plants. Japan is the second largest coal importer in the world after China, importing an average of over 15 million tons of coal per month in 2010, which could drive increased demand for coal as the plants are restocked ( a potential positive for the boost of the dry panamax market). While ports remain closed and the current impact on dry bulk commodities’ demand is negative, it is expected that once ports reopen and the country begin its restructuring will result in increased chartering activity, since Japan is the world’s second largest customer for dry bulk commodities after China. The increase in demand for thermal coal will be positive influence for large size vessels (panamaxes and capesizes), while demand for steel and forest products will stimulate the handy and supramax market.
Meanwhile the US Grains Council reported significant damage to large numbers of agricultural facilities and production areas suggesting that the country may need to increase corn and wheat imports. Japan is currently the largest buyer of US corn and the second largest purchaser of US wheat and rice. Apart from imports, the closure of steel mills may also impact the shipbuilding industry as South Korean shipbuilders import around 25% of their steel plates they used for ship construction from Japanese steelmakers, such as Sumitomo Metal Industries. Industry sources estimate that South Korea’s top three shipbuilders, Hyundai, Samsung Heavy and Daewoo consume up to 600,000 tons of Japanese steel plates annually. “So far there has been a little impact from the quake in Japan, an official at Samsung Heavy Industries said. Japanese suppliers are shipping steel plates to us as usual and we have some stockpiles of steel plates as well.” However, shipbuilder’s earnings may deteriorate down the road due to potential tighter product supply and higher steel prices” said the report.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 10 May 11
DRY BULK MARKET KEEPS ON RISING, OUTLOOK MIXED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched forward once again on Monday, with the Baltic Dry Index rising by 0.6% to 1,348, although the Capesize market was 0.57% l ...
Monday, 09 May 11
THAILAND COAL IMPORTS SURGE IN Q1 - ICAP SHIPPING
Thailand's coal imports leapt 20% in Q1 and the country looks set to import its largest ever volume in 2011 as quoted by ICAP Shipping web site.
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Monday, 09 May 11
KOSPO SEEKING 65KT STEAMING COAL
COALspot.com - Korea Southern Power Co (KOSPO) issues tender for 65000 Mt of Steaming Coal Supply with a minimum CV of 4,500 kcal/kg on NAR basis. D ...
Monday, 09 May 11
INDONESIA HBA FALL BELOW $118
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the May 2011 Indonesian Coal Reference Price for thermal coal at US$ 11 ...
Monday, 09 May 11
DIAN SWASTATIKA Q1 PROFIT SOARS 511 PERCENT - INSIDER STORIES
PT Dian Swastatika Sentosa Tbk (DSSA), parent of coal miner PT Golden Energy Mines, reported a 511.73% jump in net profit for the first quarter of t ...
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- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- PTC India Limited - India
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- The University of Queensland
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
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