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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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Sunday, 10 April 11
SOFT FREIGHT MARKET TREND LIKELY TO BE CONTINUED - VISTAAR SHIPPING
COALspot.com - The freight market continued to soften further with the BDI breaking the 1,500 points and closing at 1376 points down by almost 10 pc ...
Thursday, 07 April 11
HANDY RATES SLIDING NOW - FEARNBULK
Handy
Slowly softening rates as more tonnage is accumulating in the Atlantic basin.The trans-Atlantic round is around $15k pd with trips to ...
Thursday, 07 April 11
DRY BULK MARKET PLUNGING EVEN FURTHER ON LOW CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its falling pattern this week, with every day proving to be painful for ship owners, especially those of the large ...
Thursday, 07 April 11
INDIKA BUYS MITRABAHTERA AT US$ 0.183
PT Indika Energy Tbk (INDY), integrated energy company, today has exercised an option agreement to acquire 51% shareholding in newly listed coal tug ...
Wednesday, 06 April 11
FORBES & MANHATTAN COAL ANNOUNCES SIGNIFICANT OFF TAKE AGREEMENT
Steady Cash Flow Will Fund Production Ramp Up
Forbes & Manhattan Coal Corp., ("Forbes Coal" or the "Company") is a produc ...
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- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- PTC India Limited - India
- Xindia Steels Limited - India
- Planning Commission, India
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- White Energy Company Limited
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Australian Coal Association
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- VISA Power Limited - India
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
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