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Tuesday, 27 March 12
DRY BULK MARKET KEEP RISING FOLLOWING THE SAME TREND OF LAST WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market kept its upward momentum this week, on the same reasons of those last week. That is, the smaller ship types are still on the rise, while the larger Capesizes still seem to suffer from a lack of demand. During Monday, the industry’s benchmark, the Baltic Dry Index (BDI) was up by 0.44% to 912 points, with the Supramaxes and the Handies leading the surge with respective increases of 1.16% and 1.45%. Panamaxes were unchanged, while Capesizes fell again, this time by 1.10% to 1,354 points.
“In the Handysize/Supramax segment, we saw a recovery across the board last week. The Pacific region in particular saw a significant uptrend due to increased nickel ore volumes being shipped from Indonesia and the Philippines to China. While on Monday Supras could command not more than $15/16,000 delivery SE Asia for such business, the rates have now exceeded the $20,000 mark. The USG upswing was more significant for the Supras than for the Handies. While $17,000 was considered a good rate at the beginning of the week, nowadays rates are approaching mid $20,000 again for such business. In Brazil the average waiting time for grain loaders has gone up during last week, illustrating the increased activity as well as the rising freight rates. Handysize cargoes from Upriver to Morocco are being fixed nowadays in excess of $40 pmt, which marks an increase of about $5-6 pmt compared to the beginning of last week. On the Continent we could observe a slow but steady improvement. Supras can earn low/ mid $10,000 again for trips to Med with scrap” said Paris-based shipbroker BRS, in its latest weekly report.
In a story by Maria Bertzeletou, on behalf of Hellenic Shipping News, the analyst said that “Supramax and handysize units are on the spotlight as being the star performers from March 2nd by showing continuous weekly increases. Smaller vessel categories, supramax and panamax, are moving higher due to strong fixture activity in both the Atlantic and Pacific basins with capesizes being still under serious pain from hefty overtonnage and fragile Chinese iron ore import market sentiment. In the panamax segment, South American grain demand remains the key driver force” she said.
By contrast, Capesize vessels seem that will suffer for a longer period of time as Chinese inventories remain hefty, despite their fall to 99,4 million tons, 500,000 tons less than a week ago. In addition, China’s government announcement for an economic growth of less than 8% in 2012 pours more uncertainty in the already volatile iron ore market for the massive buying power of the world’s largest iron ore consumer. BHP Billiton is predicting that the growth of seaborne iron trade will amount to little more than 4.4% over the course of this decade, nearly half the 8.4% growth figure achieved between 2000 and 2010.
One positive sign is that China’s daily crude steel output stood at 1,898 million tones for the first ten days of March, surging 13% from the preceding period, according to data from the China Iron & Steel Association. Steel demand has started to pick up in the world’s top consumer during March amid a gradual recovery in construction activity, but buyers remain wary about a slowdown in economic growth, which may continue to weigh on the steel sector. “Steel demand is warming up as more construction projects resume, but it is still weaker than the corresponding period of last year,” said a steel trader in Beijing.
Although the negative sentiment that currently persists in Chinese iron ore market, with worries for a long last recession in the world’s largest consumer country, big miners are betting on a soft landing for the world’s second biggest economy. It is believed that China’s import demand would continue to grow over the next several years, albeit at a slower pace, which should be enough reason for commodity producers to continue their expansion plans. “Nobody is saying that demand growth in China for iron ore is going to go away, just that growth rates will not be as high as they were,” said Mike Young, managing director of BC Iron, which relies on sales to China for all its revenue. Furthermore, recent investigations by Raw Materials Group revealed that global iron ore demand is set to double to around 3,5 billion tones per year by 2030, with Chinese appetite for the commodity continuing to drive the market, albeit at a slower pace than during the last decade” said Bertzeletou.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 11 April 12
TWO PERCENT OF IBP CONCESSION CONTAINS 42 MMT OF COAL
COALspot.com - 42.35 million ton of coal found in just 2% of PT Insani Bara Perkasa’s total concession area of 24,477 hectare.
Accord ...
Wednesday, 11 April 12
DRY BULK MARKET STILL SUBDUED, RECOVERY NOT YET SEEN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market entered the new week after the past days of easter holidays in western countries in a subdued mood. The industry’s benchma ...
Monday, 09 April 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first week of April ended with the Baltic Dry Index falling below 950 points, before Catholic Easter, and capesizes showing a modest upturn with ...
Sunday, 08 April 12
CHARTER RATES COULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The BDI was almost at same levels closing slightly lower by 0.64 pct at 928 points.
The Cape index was up by 6.73 pct closing at ...
Friday, 06 April 12
INDONESIAN HBA FALL TO LOWEST LEVEL SINCE JANUARY 2011
COALspot.com - Indonesian HBA fall to lowest level since January 2011 this month. The monthly coal reference price for coal sales in April fal ...
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- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Parry Sugars Refinery, India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
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