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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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Friday, 30 March 12
RECOND NUMBERS SURROUNDING THE SUPRAMAX DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Last year proved to be both a record year in the number of deliveries of dry bulkers between 40,000dwt and 64,000dwt, as well as a record year in th ...
Thursday, 29 March 12
DRY BULK EDGED FURTHER UP, ON HEALTHY DEMAND FOR MOST SHIP TYPES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With capesize vessels finally reappearing in demand, the dry bulk market had an easier task of rising yesterday, as the BDI (Baltic Dry Index) reach ...
Thursday, 29 March 12
ADARO FY11 NET INCOME JUMPS 124% - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk (ADRO) today announced a 124% jump in net income to US$552 million last year or US$0.017 a share. ...
Wednesday, 28 March 12
CUESTA HAS RECEIVED APPLICATIONS AND FIRM BIDS IN EXCESS OF $9 MILLION FOR THE COMPANYS IPO
COALspot.com - The Directors of Cuesta Coal Limited (ASX:CQC) have announced that today it has received applications and firm bids in excess of $9 m ...
Wednesday, 28 March 12
ORPHEUS ENERGY TO COMMENCE JORC DRILLING AT ADK PROJECT
COALspot.com - Indonesian coal explorer and producer, Orpheus Energy (ASX:OEG), have today announced that the company is about to commence a drillin ...
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Showing 4786 to 4790 news of total 6871 |
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- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- The University of Queensland
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Planning Commission, India
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Deloitte Consulting - India
- The Treasury - Australian Government
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- PTC India Limited - India
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
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