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Thursday, 05 April 12
DRY BULK MARKET STALLS AS TREND IS REVERSED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has halted its month-long rally, with the BDI (Baltic Dry Index) retreating yesterday for a second consecutive session. Industry experts have identified the latest downturn in a fall of demand for smaller carriers, which in turn had been leading the rebound during the past couple of weeks. Yesterday, the BDI was down by 5 points to 926, points, with all markets down, apart from the Capesize segment, which rose once again to 1,475 points. By contrast, the Supramax market has been suffering the most during these past few days, losing an additional 25 points yesterday to 965 points.
"The dry bulk market has weakened significantly in 2012 year-to-date due to the Chinese New Year (holiday), continued robust fleet growth, and a softening in demand growth for imported commodities in China and Europe," Jefferies analyst Douglas Mavrinac said in a note, which was quoted by Reuters. Australian miner Fortescue Metals Group said despite talks of slowdown, China's economy is expanding at a relatively healthy pace, fuelling demand for raw materials such as iron ore and steel for infrastructure development and consumer products. "We expect steel production to ramp up going into the summer months, a situation we have not seen fully materialise yet, and think this will support the dry bulk market," Arctic Securities analyst Erik Nikolai Stavseth said in a quote from Reuters.
"While Chinese iron ore and steel inventories have declined modestly over the past several weeks, and while we believe increased Chinese iron ore fixtures could provide slight support for spot rates, we expect any improvement to be relatively modest," Wells Fargo senior analyst Michael Webber said in a note.
In a separate report, commenting on the Capesize segment, Shiptrade Services noted that there were “modest increase in rates for Capes this week with the BCI improving by 43 points closing at 1369. The weekly average of 4 TC routes also went upwards by USD 642 closing at USD 5,188. In the Atlantic basin although some fresh requirements came into the market, oversupply of tonnage halted rates from sufficient improvement. As a result the week closed with the fronthaul been done at USD 22,500 levels and NCSA/FEAST coal at USD 26 for second half April dates. Similar was the sentiment for the T/A round which closed at USD 3,250 recording an increase of USD 300. The Pacific market has pulled the rates up and the main reason of this improvement was the Australia iron ore trade which continued to cover some of the many available vessels at the area. Period activity went upwards by USD 500 closing at USD 10,500” said Shiptrade.
On the Panamax front, it noted that “the Atlantic market was considerably improved during this week. The USG seems booming as much coal coming out lately and the demand from Turkey for coal has driven T/A rates upwards. The rates for this kind of trips stabilized around 10500 aps plus around 400,000 balast bonus. ECSA grains charterers still entering the market with fresh requirements to PG-Japan range and the rates for Sing-Japan are now above 17 000 daily plus ballast bonus of 650-700,000 USD. In the Pacific Basin Far East / Aussie rounds closed at USD 7,5 K basis delivery South-Mid China. Sulphur charterers entered the market with requirements from North Pacific and the Nopac rounds closed at USD 8,000 region. The short period rates closed tic below 10,000 whereas one year period rates closed at usd 10,5 k for LME vessels” Shiptrade noted in its report.
Finally, on the Supramax market, “coal requirements reduced, whereas much of demand for Nickel ore traders. In the Atlantic Basin the fronthaul rates stabilized at USD mid-high teens from Med. For clean cargoes the rates were within 15-16 k depending on delivery/size etc whereas vessels able to carry dirties such as HBI got more than 17 k for trips out. From Continent the fronthaul rates are much lower. We heard that a tess 57 type got 13 k for grains biz via French Bay to Sing-Japan rge. In the Pacific Basin we noted much fewer coal requirements out of Indonesia and consequently the rates dropped 1-1,5 k since last week. On the contrary the Nickel Ore charterers pay more than 15 k basis delivery North China for round trips which is a considerable premium for ows who are reluctant to carry this commodity. Besides Many coal/nickel ore charterers entered the market looking for short period vessels with ows asking 12.5 k for tess 53 type against charterers high 11 k” concluded Shiptrade.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 01 May 12
VIETNAM FEARS IT MAY NOT SEEK COAL SUPPLIES - TBKTSG / VIETNAMNET BRIDGE
TBKTSG / VietNamNet Bridge reported that, with five coal-run thermopower plants under construction, PetroVietnam alone would need 18 million tons of ...
Sunday, 29 April 12
THE FREIGHT MARKET EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The BDI continued to go up with the support of Panamax/Supramax and was up by 8.34 pct closing at 1,156 points.
The cape index was ...
Sunday, 29 April 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS FOR MAY 2012 DELIVERY WAS STABLE THIS WEEK
COALspot.com - Indonesian sub-bituminous coal swaps for May deliveries stable this week, according to DSP of SGX AsiaClear OTC Coal Swaps. In the me ...
Friday, 27 April 12
BUKIT ASAMS NET INCOME UP 14% IN 1Q 2012 (UNAUDITED)
Press Release - PT Bukit Asam (Persero) Tbk, announced the Consolidated Financial Statements and Subsidiaries per 31 March 2012 (Unaudited).
Reve ...
Thursday, 26 April 12
AUSTRALIAS COKAL EXPANDS MET COAL POTENTIAL INTO WEST KALIMANTAN
COALspot.com - Global metallurgical coal group Cokal Limited (Cokal) (ASX:CKA) announced today it has completed the acquisition of 75.2% of PT Silan ...
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- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Posco Energy - South Korea
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Australian Coal Association
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- The University of Queensland
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
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