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Thursday, 23 June 11
DRY BULK MARKET KEEPS EXHIBITING SIGNS OF WEAKNESS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market seems to be unable to climb at new highs this week, showing signs of weakness, across most ship types. Yesterday, the Baltic Dry Index (BDI) was down by 0.21% to 1,406 points, with panamaxes falling by 1.62%, while Capesizes were stronger, rising by 1.31% to 1,859 poins (Baltic Capesize Index).
According to shipbroker Fearnley’s latest weekly report, in the Capesize market there were “continuous spikes in the Pacific with rates upto USD 8 pmt for West Australia/China being fixed end last week, however charters quickly managed to control the development and got rates down to 7.75-7.85 range. This is still the going rate after a 2 digits number of fixtures concluded at these levels so far this week. In the Atlantic the owners turned more bull after a good number of fresh enquiries last week, but for this week rates have remained steady. However, a shortlived improvement is expected. Period marked is unchanged, with short period rates around low 10,000s”.
In a similar report, Shiptrade Services mentioned that “the week commenced with the transatlantic rates on high pressure, and we could see a BCI type vessel fixed at USD 6.000 per day. During Tuesday we saw some new stems into the market and a couple of vessels fixed at levels around USD 10.000 per day, which seems to be the new benchmark for this route. In the Brazil-China route we could scarcely see any fixtures reported. In the Pacific, the market was more active. In the Australia – China route we saw about 10 vessels fixed for this trade, and rates fluctuating between USD 7.50 pmt – USD 7.85 pmt” said the shipbroker.
On the panamax market, Fearnley’s said that “the Panamax market and especially the Atlantic basin continued to soften this week. The tonnage list is increasing and the fresh cargoes are lacking. Transatlantic business are being fixed at ard USD 16,500 about USD 1,500 down from last week. We still see a healthy demand from ECSA with grains for direction Feast and the rates are stable at ard USD 24,500 daily bss Cont/Med delivery. Apart from the somewhat healthy fronthaul market, both hemispheres are softening with prompt open vsls popping up which again has a negative influence to the rates. For Pacific rounds the vsls are being fixed in the region of USD 13,000 while the backhaul business has been quiet. The period market has been fairly active with a couple of short periods being reported at ard USD 15k with Feast delivery and a one year deal was concluded at USD 13,375 daily” the shipbroker mentioned.
In its report on the Supramax market, Shiptrade said that “in the Atlantic region rates remained in the same levels like the week before with a high demand ex USG and ECSA. We witnessed a fixture ex USG to Feast on a modern vessel, M/V Jin Zhou (50.000 DWT/01’) fixed at USD 28.000per day for trip to F.East. Rates for fronthaul trade were at levels around USD 20-21.000 per day bassis delivery W.Africa, and rates for Transatlantic round is around USD 15-16.000 per day. In the pacific the week began with a big difficulty and softening rates. It has been reported a 57.000DWT vessel fixed delivery S.Korea for a trip via Australia back to china for USD 9.500 per day For trips ex Nopac, a 53.000 DWT vessel has been reported fixed at USD 9.500 per day + 335.000 ballast bonus bassis aps Nopac. Demand for Nickel ore carries is still here, but rates have also softened a bit. Vessels are fixed around USD 12.000 per day bassis delivery N. China”, concluded Shiptrade.
Finally, on the smaller Handies front, Fearnley’s sees signs of a good balance between cargo/tonnage, but a more uncertanty the coming week as ballasters are entering the Atlantic basin from South Africa/India range. “The Pacific market is a bit busy with increase in Indo-India activity. For Indo-India, Supras in North China are getting close to 11k. Nickel-ore rounds are getting firm rates in low-mid teens. Very quiet on the iron ore front due to monsoons, WCI-China rates slided to 11k and from ECI around 9k. Few ECI tonnage seen for Indo-India biz at usd 12k. Red Sea, ferts on Handymax/Supras are fixed at very mid 20´s pmt on voyage basis to WC India. Period deals done at 14-15k for large Supras” concluded the shipbroker’s report.
Source: Nikos Roussanoglou, Hellenic Shipping
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Monday, 09 May 11
THAILAND COAL IMPORTS SURGE IN Q1 - ICAP SHIPPING
Thailand's coal imports leapt 20% in Q1 and the country looks set to import its largest ever volume in 2011 as quoted by ICAP Shipping web site.
...
Monday, 09 May 11
KOSPO SEEKING 65KT STEAMING COAL
COALspot.com - Korea Southern Power Co (KOSPO) issues tender for 65000 Mt of Steaming Coal Supply with a minimum CV of 4,500 kcal/kg on NAR basis. D ...
Monday, 09 May 11
INDONESIA HBA FALL BELOW $118
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the May 2011 Indonesian Coal Reference Price for thermal coal at US$ 11 ...
Monday, 09 May 11
DIAN SWASTATIKA Q1 PROFIT SOARS 511 PERCENT - INSIDER STORIES
PT Dian Swastatika Sentosa Tbk (DSSA), parent of coal miner PT Golden Energy Mines, reported a 511.73% jump in net profit for the first quarter of t ...
Saturday, 07 May 11
BERAU INKS DEALS WITH CHINESE FIRMS AS COAL WEATHERS COMMODITIES STORM - THE JAKARTA GLOBE
The Jakarta Globe reported that, Berau Coal, one of the country’s largest coal miners, has signed sales contracts with two Chinese companies a ...
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- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Planning Commission, India
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- White Energy Company Limited
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
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