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Friday, 17 June 11
DRY BULK BREATHES SIGH OF RELEAF ON RENEWED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has caught a sign of relief from the middle of the week onwards, as the BDI (Baltic Dry Index) increased once again yesterday, this time by 1.35% to 1,424 points, on stronger demand for Capesize vessels. The larger dry bulk ship type, which is also the most overweighed by tonnage oversupply, rose by an impressive 4.66% yesterday, with the Baltic Capesize Index reaching 1,796 points, closing in on Panamaxes, which were down by 1.31% to 1,952 points. The smaller in size Panamax segment has been outpacing Capesizes for some time now, in yet another sign that the dry bulk market has turned page in its pattern, together with high volatility, depending on demand moves and swings.
Referring to the Capesize market, the latest weekly report from shipbroker Fearnley’s said that “signs of life again after a week in the doldrums. Atlantic is heating up, with a sudden dramatic increase in transatlantic demand - too fresh to be reflected in levels concluded. Fronthaul volumes are stable at low volumes – rates unchanged w-o-w ie around usd 22k for fhaul trips, around usd 20/mt on the Tubarao/Qingdao ore run. Major miners steadily picking tonnage for iron ore Waust/China, but rates improved only marginally to some usd 7.80 pmt on the Dampier/Qingdao reference trade. Moderate period activity – exemplified by 169,000 dwt/built 2009 done for 12 mos at usd 10,500 and 17,6000 dwt/built 2010 done for 4/6 mos at usd 10,250 - both basis prompt delivery in Far East” said the report.
In the Panamax front, the shipbroker’s comment was “Hot for spot!”. It went on to mention that “June loaders for a still active ECSA grain season and Indonesian coal requirements have pushed the market in both hemispheres to be more comfortable than perhaps anticipated. Furthermore, increased mineral activity in the Atlantic improved opportunities for prompt positions, in particular on the Continent. Overall, the Panamax market maintains healthier levels than the bigger size at least for now. Transatlantic rounds in the USD 17,000 range, Fronthaul from ECSA typically 25,500 + 550 GBB. Pacific rounds in the mid teens with some stronger levels achieved for Indo rounds or trips to India. Period and forward market not affected much at all by the current lively spot market. The so called summer lull is not here – yet” it mentioned.
As for the smaller Handy ship types, Fearnley’s noted that “stable market in the Atlantic across the board with a ´good balance´ between tonnage and cargoes. More enquiries for the rest of June thus expect rates to firm up in the second half of the month but the element of uncertainty will be the effect from the important volume of ballasters coming from India/South Africa/PG. In the Pacific we have been seeing plenty of enquiries in the market. For short period business the level is around 15k per day. West coast tonnage may see close to usd 10k for trip to China with freight levels hovering between USD 15/17.00 pmt. Ec coast tonnage will compete for indo position with China business. Hmx/Spmx getting fixed at usd low/mid 20´s ex Rsea/India” concluded the shipbroker.
In a relative report, Reuters said that the outlook for dry bulk rates has been grim because ship supply has outpaced demand to ship commodities. The situation has been compounded by the deployment of a vessel owned by top iron ore producer Vale of Brazil, the first of the world's largest dry bulkers to enter the fleet. There were also expectations India's monsoon would reduce iron ore exports as rivers rise, hampering goods transportation. It also mentioned that brokers said the sheer pace of fleet growth especially in the larger capesize sector was set to cap gains in the coming months. They also mentioned that coal cargoes from Australia and Indonesia to China had provided some support to panamaxes.
Source: Nikos Roussanoglou, Hellenic Shipping
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Sunday, 10 July 11
PTBA INCREASES SHARES IN COAL TRAIN PROJECT - TEMPO INTERACTIVE
TEMPO Interactive reported that, PT Tambang Batubara Bukit Asam (PTBA) is still studying the plan to buy 20 percent of shares in the PT Bukit Asam T ...
Sunday, 10 July 11
DRY BULK MARKET SHOWING SIGNS OF IMPROVEMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Stronger Capesize demand has helped propel the dry bulk market forward this week, with the Baltic Dry Index (BDI) ending yesterday’s session u ...
Sunday, 10 July 11
INDONESIAN BAYAN RESOURCES TO SUPPLY 100 MILLION TONS OF COAL TO INDIAN UNIVERSAL SUCCESS ENTERPRISES LIMITED
Coal miner PT Bayan Resources Tbk (BYAN), that is owned by Dato' Low Tuck Kwong, has entered into a conditional sales and purchase agreement to sup ...
Thursday, 07 July 11
BELOW 5100 COAL WILL BE BANNED FOR EXPORT BY 12 JANUARY 2014
COALspot.com - Indonesian government is in the process of drafting an amendment for government regulation 23/ 2010.
GR 23/2010 has issued to sup ...
Wednesday, 06 July 11
ATLAS RESOURCES TO OFFLOAD 17 PERCENT IPO - INSIDER STORIES
Coking and thermal coal miner PT Atlas Energi Resources aims to offload 17percent new shares of its enlarged capital after Eid-Fitri holidays, as qu ...
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- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
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