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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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- Romanian Commodities Exchange
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- The University of Queensland
- Essar Steel Hazira Ltd - India
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