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Thursday, 14 July 11
DRY BULK MARKET KEEPS FALLING ON WEAK CAPESIZE SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market kept on retreating on Wednesday, with the Baltic Dry Index (BDI) falling to 1,383 points, from 1,411 of the previous day. Capesizes have been the main losers, with the Capesize Index moving down to 1,965 points, from 2,022, while additional pressure came to them market from the Panamax segment which also lost some ground yesterday. It’s more than obvious that it will take a lot more scrapping of older vessels and a much more stronger demand for commodities around the world, to make for the incredible rise of newbuilding deliveries, which have overweighed the market since the end of 2010.
In a recent update, US-based analysts at Commodore Research & Consultancy said that “Capesize rates have come under pressure as we anticipated. In recent weeks, we alerted clients that capesize rates would likely come under pressure due to our anticipation of a lull in Chinese iron ore demand, and also due to the continued delivery of a large amount of capesize newbuildings.
Chinese iron ore fixtures have come under significant pressure as we anticipated. 10 vessels (including 5 capesize vessels) were chartered to haul iron ore to China last week. The previous week saw 21 vessels chartered to haul iron ore to China (all 21 vessels were capesize vessels). Chinese iron ore demand has remained low this week and more capesize newbuildings continue to enter the market. As a result, capesize rates are coming under pressure” said Commodore. In a latest article, Reuters mentioned that according to traders dry bulk freight rates were expected to remain subdued in July on the back of the Indian monsoon season, which will most likely reduce iron ore exports from India. Also China may import lower volumes of iron ore due to its current high level of inventories.
In its latest weekly report, shipbroker Fearnley’s referring on the Capesize market, mentioned that “after a short period where owner seems to be deciding the direction and rates kept improving, the air suddenly was out of the balloon end last week. So far this week the big ones have not appeared in the market for West Australia/China, resulting in rates dropping from usd 8.65 to usd low 8s (based on sentiment and lack of fixtures). The front haul rates have however remained steady arnd usd 20.50 bss Tub/Gd, but expected to decrease as less West Australia fixtures resulting in more ballasters. Period marked is steady, with short period rates arnd usd 12,000 dly” said the report.
On the Panamax front, Fearnley’s said that “overall the market is suffering from low activity and a bearsih sentiment where Charterers are holding back to book. North Atlantic rates remain realtively flat above the mid teens with a fine balance between fresh requirements and open positions. In the South Atalntic the almost stable 25 + 500 level gradually seems to disappear as the area clearly is suffering from an increasing number of ballasters from the east. In the Pacific the trend from last week continues. Levels in the 9,000 area and fresh buisines mainly represented by some coal from Indonesiea to China. Otherwise low activity and volumes for more open positions in the Far East. With a slowly sliding FFA market and summer holidays in Europe coming, the forecast is not exactly thrilling” said the shipbroker.
As far as the smaller Handy sector, “business from USG to Cont/Med farily healty but nervous going forward.Overall the Atlantic activity is on the low side with a negative undertone as number of open positions seems to increase. Some shortage of tonnage in the South Atlantaic with the same trend as further north – rates are softening. Pacific market remains quiet. For Indo-India, supras in South China are getting close to 10k. Nickel-ore rounds are getting firm rates in low teens. Very quiet on iron ore front due to monsoons as WCI-China, rates slid to 10k and from ECI around 9k. Little Indian tonnage seen ballasting to Indonesia and RBCT. As a result, RBCT biz fixed on APS at around 20k. Red Sea, ferts on handymax/ supras are fixed at very mid 20´s pmt on voy bss to WC India. Period deals done at 13k for large supras” said the report.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 19 April 11
TNPL TO CONDUCT E-AUCTION TO SECURE 160,000 MT OF COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL) a state utility of Tamil Nadu, India to conduct reverse auction on 20 April 2011, betw ...
Tuesday, 19 April 11
ADARO TO ALLOT US$100 MIO FOR COKING COAL - INSIDER STORIES
One of Indonesia's largest coal miner PT Adaro Energy Tbk (ADRO) plans to spend US$100 million in coking coal project dubbed IndoMet Coal, a joint ...
Tuesday, 19 April 11
KPCL TO OPEN PRICE BID ON 23 APRIL 2011 TO FINALIZE ITS ONE MILLION MT COAL SUPPLIER
COALspot.com - Karnataka Power Corporation (KPCL) a state utility of Karnataka, India called for open tender for supply of one million tons of 6300 ...
Monday, 18 April 11
INDONESIA HAS SET THE APRIL 2011 COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.02 PER TON
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the April 2011 Indonesian Coal Reference Price for thermal coal at ...
Sunday, 17 April 11
THE FREIGHT MARKET APPEARS WILL CONTINUE TO BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - "The freight market continued to soften further with all segments down except for the handy size which was marginally up by 10 p ...
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- Gujarat Sidhee Cement - India
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- Karbindo Abesyapradhi - Indoneisa
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- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
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- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
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- Central Electricity Authority - India
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- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
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- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
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- The University of Queensland
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- VISA Power Limited - India
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- Eastern Coal Council - USA
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- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
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- Singapore Mercantile Exchange
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- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Planning Commission, India
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- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
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- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
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- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- CNBM International Corporation - China
- New Zealand Coal & Carbon
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- PNOC Exploration Corporation - Philippines
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
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- Sindya Power Generating Company Private Ltd
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- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
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- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
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- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
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- Wilmar Investment Holdings
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- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Deloitte Consulting - India
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- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Australian Coal Association
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
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- Baramulti Group, Indonesia
- PTC India Limited - India
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
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