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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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Thursday, 26 January 12
ABM INVESTAMA SEALS US$100 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, PT Reswara Minergi Hartama, a subsidary of PT ABM Investama Tbk (ABMM), has sealed a 2 million tons of coal export co ...
Thursday, 26 January 12
DRY BULK MARKETS DOWNFALL KNOWS NO LIMITS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s demise seems to have no visible end, as China’s Lunar Year Holidays continue this week, thus leaving demand with n ...
Wednesday, 25 January 12
CLEAN AND CLEAR MINING PERMITS TO BE COMPLETED END OF 2012 - BISNIS.COM
Bisnis.com reported that, the government plans to announce 700 mining permits with "clean and clear" status without overlapping on other p ...
Tuesday, 24 January 12
ANOTHER SEVERE DROP IN THE CAPESIZE - BRS
The lunar year celebrations and the high number of new building deliveries (more than 35 Capes so far in January as owners push 2011 deliveries into ...
Tuesday, 24 January 12
BUKIT ASAM FY11 NET PROFIT SURGES 50% - INSIDER STORIES
Insider Stories reported that, the state-controlled PT Bukit Asam Tbk (PTBA) estimated to book Rp3 trillion (approximately US$ 335,570,469) net prof ...
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- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- The University of Queensland
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- PTC India Limited - India
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Australian Coal Association
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