We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 05 March 12
SOME RESOURCE TITANS NOT THRILLED WITH INDONESIAN EXPORT BAN - THE JAKARTA GLOBE
The Jakarta Globe reported that, local representatives of major business associations in East Kalimantan have protested a government regulation that ...
Monday, 05 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
An air of optimism poured in the market this week for dry bulk shippers with the Baltic Dry Index recording daily gains during the end of February b ...
Sunday, 04 March 12
SE ASIA WAS FIRM FOR TRIPS TO INDIA AND CHINA - VISTAAR
COALspot.com - This week saw another upward trend with all indices up and generally market was firm.
The BDI was up by 7.38 pct closing at 771 po ...
Friday, 02 March 12
DJMBP HAS ANNOUNCED SECOND BATCH OF CLEAR N CLEAN CERTIFIED MINERS
COALspot.com - The Directorate general of mineral & coal of Indonesia has announced second batch of companies who have passed IUP Clear and Clea ...
Thursday, 01 March 12
BUKIT ASAM TARGETS EUROPEAN INVESTORS
COALspot.com - PT. Bukit Asam (persero) Tbk, Indonesian state owned coal miner is planning to conduct road show in Europe next week to target at Eur ...
|
|
|
Showing 4826 to 4830 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- PTC India Limited - India
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
|
| |
| |
|
