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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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Tuesday, 21 February 12
THREAT ISSUED ON MINERAL FIRMS AS GOVT PLANS EXPORT BAN - THE JAKARTA POST
The Jakarta Post, one of the leading english news papaer in Indonesia reported that, the government has given mineral producers three months to subm ...
Monday, 20 February 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU
The dry market experienced one more disappointing week with tonnage oversupply and limited cargo demand that pushes earnings for shipping players to ...
Monday, 20 February 12
JATENERGY SECURES FIRST 8000-TONNE COAL SALES CONTRACT FOR JONGKANG MINES
8000-tonne contract with Singaporean buyer signed for March delivery
50% down payment due in five working days
Production continues at both Jongka ...
Monday, 20 February 12
DIAN SWASTATIKA ACQUIRES ANDALAN LESTARI - INSIDER STORIES
Insider Stories reported that, PT Dian Swastatika Sentosa Tbk (DSSA), controlled by Fuganto Widjaja, son of Indra Widjaja, reported a 99.83% takeove ...
Monday, 20 February 12
COAL BOOM AND ENVIRONMENTAL CONCERN - SUNIL K KUMBHAT
COALspot.com - The dawn of the 21st century has seen a shift in the world's commercial balance of power, with the dominance of the US, Europe and J ...
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- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Electricity Generating Authority of Thailand
- The University of Queensland
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- VISA Power Limited - India
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
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