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Thursday, 08 March 12
DRY BULK MARKET ON THE RISE; CHINAS COAL IMPORTS COULD INCREASE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market kept on rising back to healthier levels yesterday, with the BDI (Baltic Dry Index) the industry’s benchmark, marking its 8th straight increase. Yesterday, the BDI ended the session up by 1.4% to 798 points. Apart from the Capesize market, which was relatively stable (marginal retreat of just 0.07% to 1,515 points), all other ship segments were higher. The Supramax market kept up its strong rebound, rising yesterday by 2.79% to 810 points, while the smaller Handysize segment was also higher, by 1.79%.
The latest weekly report from Fearnleys, referring to the Capesize market, it mentioned that «with endless numbers of units appearing, primarily in Far East, there is presently no short-term hope for this segment. Not even significant volatility can be expected, for the same reason. Despite increasing bunker prices and fixing activity, conference trades like WAust/China still stand at below USD 8 pmt - giving daily returns much closer to zero than what is required to cover OPEX. For many owners, the most relevant alternatives are now idling tonnage to save cost/limits risks OR secure period employment – the latter still offering returns the double of spot earnings. Period activity is presently low as paper values give little support - representative fixtures include 175k dwt/blt 2011 done for 6-9 months at USD 12,350 basis delivery China prompt, also 182k dwt/blt 2010 delivery China prompt for 14-18 months at a reported USD 14500 said Fearnleys.
In a similar report, shipbroker Shiptrade Services had mentioned that owners were hoping to build upon the previous week's positivity but more or less things remained the same. Market’s stability is reflected upon the average TC routes which stand at USD 5,979 slightly decreased from last week figure. Since the majors were not capable to rise up fresh cargoes and over supply of tonnage remained, the Transatlantic round still suffers with the rates remaining below USD 5,000 per day. Surprisingly, many owners preferred the fronthaul trips which dominated the market with some fresh orders but on lower levels than last week with charterers paying USD 20.00 pmt and owners asking for USD 21. Pacific followed the same pace as last week and although iron ore majors in West Australia continued to take tonnage market remained stable. Voyages to Qingdao were fixed at USD 7,90 pmt and USD 14,00 pmt from Saldanha Bay. On the period side situation remained flat although charterers were interested in taking tonnage and rates ranging around USD 12,000 levels.
In a note to clients yesterday, Commodore Research & Consultancy said that China's coal-dedicated Daqin Railway, which rails domestic coal (mined in western China) to the eastern port of Qinhuangdao, is set to undergo scheduled maintenance beginning around March 19th. This maintenance will last for approximately 30 days, during which time the rail line will be down for 3 to 4 hours per day. With the Daqin Railway being down for such a long period of time, domestic coal rail shipments to Qinhuangdao will decline by a total of 4.5 to 7.5 million tons. «By the end of April, we expect Qinhuangdao coal port stockpiles will come under significant pressure and approach the critically low 5mt level. Right now, stockpiles are at a robust 8mt. The upcoming maintenance will put great pressure on Qinhuangdao stockpiles, and will lead to a significant increase in demand for imported thermal coal cargoes. Qinhuangdao is China's largest hub for coastal coal shipments. It is the loading port for approximately 40% of China's coastal coal shipments» said Commodore Research & Consultancy.
Commenting on the Supra/Handy markets, Fearnleys also stated that «the Atlantic Supra market continued its flat trend from last week, even with a touch of more cargoes in the market. Skaw/Passero positions fixed tick below USD 3k to US Gulf, and US Gulf positions were paid around USD 10k back to Cont. Fronthauls concluded at the USD 12k range. The Pacific market has remained firm. For Indo-India, large eco Supra can fetch close to USD 12k dop South China. Premium cargoes like nickel ore are also more and vessels for nickel ore rounds fixed at USD 15k dely North China. Nopac also fixed around USD 11k dop Japan. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 10k and ECI-China around USD 8k. RBCT rv fixed at APS USD 10k + BB USD 300k, however very few cargoes seen as there is huge gap between owners and Chrtrs ideas. Red Sea fertilizers to India are fixed high teens. Not much activity seen on short period and rates are around USD 10k for large Supra» concluded Fearnleys.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 09 March 12
SHIP OWNERS LOOKING TO CHINA FOR REVIVAL, WHILE THEY KEEP SELLING OLD SHIPS FOR SCRAP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With China’s economic policy plan for the future on every ship owner’s mind, at least those involved in the dry bulk industry, the lates ...
Thursday, 08 March 12
INDONESIA'S COAL SECTOR CAN BENEFIT FROM CLEARER REGULATIONS - FITCH RATINGS
Fitch Ratings says Indonesia's coal mining sector should continue to see strong growth prospects but can benefit from clearer and more predictable ...
Wednesday, 07 March 12
INDONESIA COAL BENCHMARK PRICE GAINS FOR SECOND MONTH
COALspot.com - Indonesia raised the monthly coal reference price for sales in March by 1.15 percent, the second increase since February.
The Mini ...
Wednesday, 07 March 12
INDONESIA TO LIMIT FOREIGN OWNERSHIP IN MINES TO 49 PERCENT WITHIN 10 YEARS OF PRODUCTION
COALspot.com - Foreign holders of mining licenses in Indonesia have to divert 51% of their stakes to Indonesian government or domestic entitie ...
Wednesday, 07 March 12
ASSESS ASIAS POTENTIAL, DEVELOPMENTS AND APPETITE FOR SHALE AT SHALE GAS SUMMIT
Press Release - Assess Asia’s Potential, Developments and Appetite for Shale at Shale Gas Summit on 23-24 Apr, 2012 in Beijing
China is rep ...
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- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- The University of Queensland
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Australian Coal Association
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Indika Energy - Indonesia
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
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