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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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Wednesday, 18 April 12
INDONESIA TO INTRODUCE EXPORT DUTY ON MINERAL ORES BY 6 MAY 2012
The Indonesian government is scheduled to issue regulation on export duty for minerals before May 6, 2012.
According to Bisnis Indonesia, as quot ...
Sunday, 15 April 12
THE SPOT FIXTURE RATES FOR SUPRAMAX IN SE ASIA SAW SOME SOFTENING OF CHARTER RATES - VISTAAR
COALspot.com - The market seem to be holding and except for Supramax and handy size index all other index was up with BDI up by 4.74 pct closing at ...
Friday, 13 April 12
MINERS OPPOSE GOVTS EXPORT TAX PLAN - THE JAKARTA POST
The Jakarta Post reported that, Indonesian mining companies have strongly protested the government’s plan to impose a 25 percent export tax on ...
Friday, 13 April 12
S&P CAUTIONS AGAINST NEW INDONESIAN MINING REGULATIONS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Investors may have expressed concerns about looming new mining regulations, but ratings agency Standard & Poor& ...
Thursday, 12 April 12
FIRST QUARTER OF 2012 SAW AN ADDITIONAL 24.2 MILLION DWT OF DRY BULK CARRIERS ENTERING THE FLEET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The inflow of newbuilt dry bulk vessels was larger than expected in the first quarter of 2012. As much as 24.2 million DWT were added to the fleet. ...
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- Indian Oil Corporation Limited
- Australian Coal Association
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Port Waratah Coal Services - Australia
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- Parliament of New Zealand
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- Romanian Commodities Exchange
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- Minerals Council of Australia
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- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
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- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
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- The University of Queensland
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- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
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- White Energy Company Limited
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
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- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
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- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
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- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
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- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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