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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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Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500
Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman ...
Friday, 27 May 11
LARGER DRY BULK CARRIERS LEAD BDIS RALLY THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Larger dry bulk vessels have kept on leading the market’s rise this week, with the BDI (Baltic Dry Index) rising by a more than healthy 3.43% ...
Wednesday, 25 May 11
70 PERCENT OF HARUMS PRODUCTION SOLD - BISNIS INDONESIA
Coal producer PT Harum Energy Tbk claimed that out of this year's total production target of 10 million tons, 70% or 7 million tons had been sold, ...
Wednesday, 25 May 11
MINERS BACK GOVT PLAN TO FREEZE MINING PERMITS - THE JAKARTA POST
Indonesian coal miners hailed the government’s decision to impose a moratorium on the issuance of new mining permits, saying the freeze would ...
Wednesday, 25 May 11
DRY BULK MARKET ENTERS WEEK ON A HIGH NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has managed to end its downward trend of the past few weeks and surge back on higher ground. Yesterday, the Baltic Dry Index (BD ...
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- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Aditya Birla Group - India
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- White Energy Company Limited
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- The University of Queensland
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
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