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Wednesday, 04 April 12
OIL MAY JUMP TO $150PB IF IRAN ATTACKED: EXPERT - KUNA / HELLENIC SHIPPING
 Prices of oil will not drop below level of $100 per barrel and may jump to $150 pb in the coming two months, according to the prominent Kuwaiti expert, Sheikh Fahad Al-Daoud Al-Sabah. Sheikh Fahad, a specialist in oil refining strategies, said in an interview with Kuwait News Agency (KUNA) geopolitical events became the major factor influencing oil prices, at present, indicating at dwindling impact of other factors, such supply and demand and market speculations.
He said the prices would not drop lower than $100 pb and might soar to $150 pb, in the coming two months, but may jump as high as $250pb in case Iran was targeted with a military strike, although such an eventuality was unlikely in the foreseeable future.
Price of the oil will remain unstable unless the Iranian issue is resolved and Tehran allows international inspectors examine its nuclear facilities and review its nuclear program, said Sheikh Fahad Al-Daoud, noting that the main current factor affecting the prices of the crude was imposition of curbs on the Iranian crude oil trade.
On OPEC’S role for stemming hikes of the oil prices, Al-Daoud said “certain problems” have hampered the cartel efforts in this respect, namely the fact that Iran is a a major and influential member of the organization and has supporters among the members. Elaborating in this regard, Sheikh Fahad indicated at difficult status of the GCC states, where in case they increased the oil production, Iran would consider such a step as hostile and if not, they would be showered with accusations about purported intentions to hard the world economy.
The Kuwaiti expert affirmed that OPEC was in a very difficult condition as to the available options and scenarios; facing pressure from Iran as a result of the curbs and counter pressures from Western powers. Nevertheless, the organization should seek to stem the prices, he stressed. He questioned whether OPEC could seek to pump more supplies into the market, in the shadow of the existing glut, and indicated at disarrays among the members as to the best options that should be chosen to cope with the crisis.
Despite existence of the surplus on the market, the price is likely to increase, he affirmed. “The world is moving on a certain pace, the equation is hard, and the storm cannot be resisted to stabilize the prices,” he opined further. On bleak scenario that would result from possible closure of the strategic Hormuz strait, he indicated that the UAE has already started building a pipeline to secure exports of the crude from a route other than the waterway.
He called on the other regional oil producers to follow Abu Dhabi’s suit, “for it is senseless that the Arab Gulf oil remains subject to status of Hormuz Strait.” On comeback of the Libyan oil experts and reports about new explorations in some countries, Sheikh Fahad Al-Daoud said such factors would lead to limited impact on the market and would, to a certain extent, contribute in stemming the prices.
Currently, there are huge supplies, in the face of high demand, and that is likely to hike further, he forecast, stressing that the price would certainly not drop below the level of $100 pb-even if the curbs on the Iranian oil are lifted.
Source: KUNA / Hellenic Shipping
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Friday, 20 April 12
PANAMAXES LEAD DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A rebound of demand for smaller dry bulk carriers has led the industry’s benchmark, the BDI (Baltic Dry Index) above the 1,000-point mark for ...
Friday, 20 April 12
BUMA HAS PRODUCED 2.6 MILLION TONS OF COAL IN MARCH 2012
COALspot.com - BUMA has removed 28.0 million bcm (+6.4% YoY) of overburden in March 2012 while coal production was at 2.6 million tons (+1.3% YoY).
...
Thursday, 19 April 12
FRESH COAL SALES FROM JATENERGYS JONGKANG MINES
COALspot.com - Energy company Jatenergy Ltd (ASX code JAT) announced today that it had signed a contract for an 11,000 tonne coal sale due for shipm ...
Thursday, 19 April 12
HANDY - 'POSITIVE TREND', PANAMAX - 'A FIRMER TENDENCY', CAPESIZE - 'AGAIN NEGATIVE'
Handy
The positive trend from last week continued, with more cargoes entering the market. Skaw/Passero del fixed tick above USD 4000 for US Gulf di ...
Thursday, 19 April 12
WILLIS MARINE MARKET REVIEW FORECASTS ANOTHER DIFFICULT YEAR - WILLIS GLOBAL MARINE / HELLENIC SHIPPING
After an inauspicious start, 2012 could well be "another difficult and uncertain year for the maritime industry faced with the aftermath of the ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Planning Commission, India
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Australian Coal Association
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
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