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Wednesday, 15 June 11
DRY BULK MARKET WEAKENS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Despite this time of year traditionally being one of the busiest for the dry bulk market, it seems that in the post-crisis era trade patterns are constantly evolving and changing. The Baltic Dry Index (BDI), the industry’s benchmark, fell yesterday to its lowest in more than three weeks, ending the session down to 1,400 points, retreating by a total of 0.85%. The main reason was the weaker capesize activity, with shipbrokers reporting lower demand. As a result, the Baltic Capesize Index fell by 2.19% to 1,694 points, while a smaller fall of 0.6% was also noted in the Supramax segment. The only “survivor” of this latest downfall of the market, has, so far, been the Panamax market, which is steadily outpacing the oversupplied Capesize one. Panamaxes were higher by 1.28% yesterday to 1,975 points.
In its latest weekly report, Paris-based shipbroker Barry Rogliano Salles (BRS) said that the past week was characterized by yet more instability, with the Capes, Supras and Handies losing ground, and the Panamax gaining, a pattern carried on in this week as well. “Stockpiles of imported iron ore at China’s major ports rose by almost 1% this week to a new high of 93.43 million tonnes. It follows a 0.8% increase in imports in May to 53.3 million tonnes compared to the previous month. Despite government efforts to curb overheating, and low profit margins for the industry, production at China’s steel mills remains robust. The mills produced a record 60.25 million tonnes of steel in May. Demand is expected to stay strong until July, when the quieter summer season begins. Power rationing could also curb some activity between June and September” said BRS.
On the Capesize market, it said it’s been “a quiet start to the week saw rates drop in the Pacific, and then subsequently spread to the Atlantic. Overall the BCI dropped nearly 11% to 1735, with Atlantic routes taking the biggest hit. In the Pacific, Tubarao-China was fairly busy but ultimately rates dropped around 5% w-ow, and out of Australia there was a good flow of cargoes, but even here the oversupply of tonnage pushed rates down slightly by around 3%. The 4TC finished on Friday at US$9,320 per day, down from US$11,773 the previous week. The BCI dropped 12 points on Monday, and there was uncertainty about the future direction of the market” said the shipbroker.
As for the best performing market, the Panamax one, “Friday to Friday, the Panamax market rose by US$1,300 in the Atlantic (US$16,800 per day) and $1,400 in the Pacific (US$14,500 per day). In the Pacific, the Indo and Australian coal cargoes were keeping prompt vessels active, giving some fresh air to owners. Out of India, however, iron exports were less active and vessels were not achieving more than US$12.50 pmt basis ECI/China route. In the Atlantic, the number of available ships was much less than a month ago and this basin seemed to have found a real stability. Period wise, the market has been extremely quiet throughout the week mainly due to a weak forward FFA market. Rates for short period remained stable at around US$14,000/14,500 per day for short period dely North China redelivery worldwide” noted the report.
Finally, on the smaller ship types of the Supramax and Handysize class, BRS mentioned that “the Baltic Supramax Index came off last week from US$15,004 to US$14,009, mainly driven by the eastern side due to the oversupply of vessels in the Pacific and the start of Indian monsoon. A 56,000 dwt was fixed for a Nopac round last week at US$13,500 daily, while a week later a 52,000 dwt was fixed at US$10,000 for a similar trip. Supramax have been fixed from India to China around US$9,000 daily compared to a week earlier when it was around US$12,000. The worst we noted was a Supra fixed spot China to ECSA at US$6,500 daily. The Atlantic remained stable due to a good activity in USG and ECSA, in particular a 58,000 dwt was fixed at US$28,800 from USG to Cont. In the smaller sizes, the Baltic Handysize slightly decreased by 16 points to reach 749, while the average of the TC close at US$11,110. Handysize were fixed in the high teens from ECSA to Cont, and similar numbers have been seen from USG. The Black Sea saw a lack of activity this week but rates remained ok with a modern 28,000 dwt fixed at a good rate of US$7,500 to USG, while other vessels were fixed at US$10,000 to Wafr. In the East, rates are decreasing slightly and a 37,000 dwt was fixed for a Nopac round at a similar rate as Supramaxes at US$10,000, in line with the Baltic index. Only one fixture has been reported from India to China for a 33,000 dwt, also at US$ 10,000.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 16 June 11
BOOSTING THE USE OF LOW CARBON ENERGY FOR A BETTER WORLD
Bali, Indonesia host of world renewable energy congress – Indonesia, international conference & exhibition on renewable energy and energy ...
Thursday, 16 June 11
FREIGHT MARKET FAILS TO RECOVER - DREWRY / HELLENIC SHIPPING
With demand failing to improve enough to contain the colossal increases in supply, the dry bulk freight market stayed near the dreadfully low levels ...
Thursday, 16 June 11
VALLAR CONTROLS 84.7 PERCENT STAKE IN BERAU COAL - INSIDER STORIES
Insider Stories reported that, London-based investment company Vallar Plc, via its subsidiary dubbed Vallar Investments UK Limited, today announced ...
Wednesday, 15 June 11
INDONESIA NEW COAL POLICY WORRIES INDIA POWER FIRMS - MYDIGITALFC
Tata Power, Adani group, Lanco Infratech and Reliance Power, among other Indian coal importers, are waiting to assess the impact of the Indonesian g ...
Wednesday, 15 June 11
BAYAN RESOURCES OWNS 56 PERCENT KANGAROO - INSIDER STORIES
Australia-listed coal miner Kangaroo Resources Limited (KRL) has obtained final approval from its shareholders to complete its US$277 million acquis ...
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- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Marubeni Corporation - India
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Australian Coal Association
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- The University of Queensland
- Parliament of New Zealand
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Economic Council, Georgia
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
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