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Tuesday, 09 August 11
DRY BULK MARKET UNABLE TO FIND UPWARD MOMENTUM, SLUMPS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 They same that what goes up must come down and nobody seems to have found a better application of this expression, than the beleguered dry bulk market, which has plunged to new lows yesterday, at 1,264 points, down by 0.32%, since the end of last week, when the Baltic Capesize Index (BCI) had managed to edge forward by 3%, despite all other ship segments being traded further downwards. In fact, the Panamax market was down by 2% and so was the HandySize segment of the market. in the start of the week, the Capesize market went further down to 1,793 points, a fall of 0.61% on the day, while the panamax segment was marginally lower by 0.14% to 1,476 points.
According to the latest weekly report on the dry bulk market, issued by Paris-based shipbroker Barry Rogliano Salles, “in India the country’s Supreme Court partially lifted an iron ore mining ban imposed last week in a key region of Karnataka state, allowing state-owned NMDC to mine up to 1m tonnes per month from 6 August. NMDC will start production from two of its existing mines located in the Bellary district. The Supreme Court had imposed an interim ban on July 29, citing environmental degradation. Many Indian steel companies have already been affected by the ban, with JSW Steel cutting capacity due to lack of supplies, while Tata Metaliks said it could shut its plant in Maharashtra state if supplies do not normalise” it said.
Referring to the Capesize market it mentioned that “it finally picked up this week after a month of declines. Moves by Rio Tinto to take up to 10 ships in the Pacific pushed rates up there 5%, and more cargos are expected in the coming weeks. The Atlantic was more varied, with Tubarao-Dunkirk rising 4%, but the fronthaul trade from Brazil-China barely shifted. Overall the BCI rose 3% to 1,804 points while the four time charter moved from 9,408 to 10,032 points, a rise of over 6.5%. This has not yet taken Cape operators into a safety zone however and there are still concerns over positive returns in a market with so many ships avilable. In the FFA market, there were also positive gains, with August/September and Q4 prices increasing by 5.1% and 2%. However the positive sentiment faded somewhat by the end of the week, and the BCI fell 11 points” said BRS.
On the Panamax market it mentioned that “in the Atlantic, it was a quiet week overall, with reported fixtures remaining thin on the ground. Having said this, tonnage supply remained high and rates were under pressure due to limited fresh cargoes coming into the market. The 1A index declined by $425 (29/07/2011 – 08/08/2011), reflecting a continued bearish outlook, and prospects will remain this way unless we see a notable improvement in cargo volumes. For the Pacific, despite a slight improvement in cargo volumes at the beginning of the new week, overall activity remained muted with little fresh business to be had. The impact of many ballasters sailing away towards the Atlantic in recent weeks has merely slowed down the rate of decline on the 3A index, with levels hovering above $8,000 per day. The outlook appears relatively flat for the time being, however there is some hope that improved cargo volumes will spur rates on given that open tonnage is a touch tighter than in previous weeks.
There were very few period fixtures were reported this week, with rates remaining fairly consistent from the previous week” said the report. Finally the Supramax/Handy market “has been so unpredictable during the last few weeks that we noticed little or no change. The Supra index showed a steady - 5 point difference between Monday and Friday, while the Handies saw an insignificant drop of -1. We noted some grains, scrap and fertilizer cargoes out of the continent to Med, East Med and ECSA respectively. Handies were fixed at about $11,000 for trips from the Continent to North Africa, and about $14,000 to East.
Handymax saw slightly higher figures of about $15-16,000 for trips from continent to east Med/Black Sea range. The US Gulf maintained a steady flow with very firm rates. Supramax went at about $28,000 per day pro for trips to East Med and slightly higher figures of about $32,000 per day for Far East destinations. Handymax went for about $23,000 for trips to East Med. We saw more grain cargoes out of the Black Sea but this has still not yet had an impact on the market as Handymax went for about $10,000 per day for a trip from Emed to west Africa.
The south Atlantic market showed stronger numbers on the fronthaul as Handies went for about $17,000 Brazil-Far East voyages while Supras went at about $18,000 for trips via west Africa to Far East. The Far East market maintained a steady flow as Supras went at about $13,000 for China-Indo trips and about $12,000 for ships delivered in India trip via South Africa to China” concluded BRS.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 19 July 11
82 MIO TONS OF COAL TO BE SUPPLIED FOR DOMESTIC MARKET
Indonesian Coal miners were required to supply 82 million tons of coal to Domestic market in this year. This is a 2.53 percent higher than last year ...
Monday, 18 July 11
IMFA BUYS A INDONESIAN COAL MINE FOR USD 8.7 M
Indian Metals and Ferro Alloys (IMFA), the largest producer of ferro chrome in the country, today said it has acquired 70 per cent stake in an Indones ...
Sunday, 17 July 11
THE COAL PRICES ARE SOFTENING DUE TO LESS DEMAND - VISTAAR
COALspot.com: The markets were down last week with BDI down by 6.63 points and closing at 1,353 points. The most affected was Cape index which was d ...
Friday, 15 July 11
DRY BULK MARKET SUFFERS NEW BLOW, RETREATS EVEN FURTHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell even lower yesterday on the back of lower demand for larger vessels, like Capesizes and Panamaxes. The industry’s ben ...
Friday, 15 July 11
BUKIT ASAM 1H COAL SALES UP 44 PERCENT
The state-controlled PT Tambang Batubara Bukit Asam Tbk (PTBA) is estimated to post 6.5 million tons of coal sales in the first half of this year, a ...
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- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- The University of Queensland
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
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