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Thursday, 02 June 11
DRY BULK SHIP OWNERS LOOKING INTO SHORTENED WEEK WITH ANXIETY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 With most markets in the western world closed yesterday, as a result of Memorial Day, dry bulk stakeholders weren’t able to build over the positive momentum that the market gained during the course of last week. The Baltic Dry Index (BDI) was closed on Monday. Still, last week, the heightened activity in the Atlantic basin, helped all but the Handysize segments to an increase last week, and the BDI ended Friday at 1,474 points (+9.3% on the previous week). The Cape, Panamax and Supramax indices rose 11.5%, 11.9% and 2.7% respectively.
Russia’s decision to lift its grain export ban from July 1 will see the world’s third largest wheat exporter re-enter the market. Russia says it expects to harvest 85-90 million tonnes of grain this year, compared to 2010 when the drought reduced the crop to 61 million tonnes. According to the US Department of Agriculture, Russia is expected to export 10 million tonnes of wheat over the next 12 months, compared to 4 million tonnes in the year just past.
In the Capesize segment, the latest weekly report from Barry Rogliano Salles (BRS) noted “a sharp leap in the four time charter average this week on the back of good activity in the Atlantic, including a significant number of round voyages. By Friday the 4TC was back over US$10,275, having gained more than US$2,500 over the week. Bolivar-E Med posted a gain of over 12%, while Tubarao-Dunkirk logged +11%. The Pacific did not enjoy the same jump although increased activity pushed Hedland-Qingdao up 3%, and Tubarao-Qingdao 2%. One rate of US$19.85 was reported for Brazil-China and Rio Tinto and BHP were both seen in the market. Finally, a 2010-built 177,000 tonner was taken for US$11,100 per day for four to seven months trading, a rise on previous done. Holidays in the UK on Monday meant no new Baltic indices but there is a little more optimism going forward” it said.
In the Panamax front, “last week the Panamax 4TC market firmed up by US$1,600 to end on Friday at close to US$15,000 per day and all basins registered gains except the Indian market.
West of Suez, the TA round closed the week at around US$16,000 – an increase of US$1,800 per day Friday to Friday. However, some prompt vessels managed to fix at over US$17,000 per day showing a tightness of supply, mainly due to the high number of fronthauls fixed over the last few weeks and busy coal exports out of USG. In the Pacific, the Nopac round gained US$2,000 to end close to US$14,000 per day. The Indonesian area was busy exporting coal to India and China. The Indian market remained stable, paying US$13 pmt for cargoes out of WCI to China, but volumes have reduced as the monsoon is approaching. On the period side, a few vessels were getting fixed and Tess 74 vessels open prompt were able to secure around US$14,000-14,500 per day for short period ie similar to a week ago” said the shipbroker.
As for the smaller Supramax/Handy segments, it mentioned that “they fared relatively well in all areas with the help of coal shipments out of Indonesia, sugar from ECSA, grains and fertilizers from the Black Sea, scrap from the Continent and coal, petcoke and grains from the USG/Caribs. As a result, congestion is still high in Brazil, the Black Sea and in some areas of the US. For Supras, levels stand at US$13,500-14,000 in the Pacific, mid teens in the Atlantic, and low US$20,000s for trip out. But clouds are amassing. Indian iron exports have come to virtually nothing, pushing vessels to sail in ballast towards healthier areas. Likewise a few ships have started ballasting from the Far East to south east Asia.
The severe drought in north European countries (namely France and Germany) is threatening the backlog of grain exports throughout the summer. Likewise, flooding and excessive rains are putting a damper on US grain crops. And Chinese coal imports seem to have slowed down since the turn of the year. But some say that due to the historical drought facing China and the consecutive power shortages, chances are we will see China import massive amounts of Indonesian coal over the summer. Overall, interesting times ahead, also when you consider newbuilding deliveries are slower than scheduled, with 20-25% of the 2011 orderbook subject to slippage” it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Saturday, 07 May 11
SUPRAMAXES ARE AT AROUND $ 13,500-14,000 PER DAY FOR SINGLE TRIPS
COALspot.com - The freight remained fairly steady this week with the BDI up by 71 points and closing at 1,340 points, said Capt. Reddy, the director ...
Saturday, 07 May 11
COAL PRODUCTION MAY REACH 95M TONS IN SECOND QUARTER - THE JAKARTA POST
The Jakarta Post reported that, Indonesian miners are projected to produce around 95 million tons of coal in the second quarter of this year after l ...
Friday, 06 May 11
BUKIT ASAM TO CLOSE COAL TAKEOVER IN Q2 - INSIDER STORIES
The state-controlled PT Tambang Bukit Asam Tbk (PTBA) expects to complete acquisition of two coal mining companies from four companies which is now ...
Thursday, 05 May 11
SUPRAS IN NORTH CHINA ARE GETTING CLOSE TO $ 13K FOR INDO-INDIA
Handy
The Atlantic market is stable/flat with positive undertone meaning more enquiries hitting the market today. Lack of prompt vessels. Trips to ...
Thursday, 05 May 11
PANAMAXES LEAD DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s benchmark, the Baltic Dry Index (BDI) managed to edge higher yesterday, rising by 1.81% to 1,292 points, in the first po ...
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- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- The University of Queensland
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- White Energy Company Limited
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
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