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Tuesday, 08 May 12
DRY BULK MARKET LOOKING FOR NEW DIRECTION THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 With the BDI (Baltic Dry Index) the main benchmark of the dry bulk shipping industry not traded at the start of this week, traders, charterers and ship owners will be looking for a new direction today, with the index remaining virtually unchanged during the course of the past week. The BDI was up by 0.1% last week, with the Capesize Index up by 5.1%. these gains were offset by the fall of the Panamax Index (down by 2.1%), while the smaller ship types were also on a high last week, rising by 1.5% (Supramax) and by 2.2% (Handysize) respectively.
According to an analysis from Tainted Alpha, iron ore inventory at Chinese ports and prices were mostly flat. Steel stockpiles fell further, but remained at elevated levels while price remained flat. Thermal coal inventory rose a bit, price unchanged. In a separate weekly report, Paris-based shipbroker Barry Rogliano Salles, mentioned that it was a more positive week for the Capes, with Atlantic rates showing significant gains, compared to a largely flat market for the Pacific. The Atlantic round was quoted as high as $6,000 per day, a significant increase on the previous week. With coal prices falling, there was momentum going into the current week. Overall the Cape 4TC closed up 11% at $7,850. In the paper market, conditions picked up mid week as sentiment improved in the physical market, and large volumes were recorded Thursday and Friday. Week-on-week saw June, Q3 and Cal13 gain $1,550, $1,100 and $420, with Q3 closing at $12,358” said the shipbroker.
On the panamax front, it noted that “this week was definitely a period in which to consider the fundamental trends and performance of the market, with the previous week not showing the reality of the long term trend. This week the 4TC dropped $1,683 from $13,876 to $12,719, mainly influenced by the Atlantic market. Rates dropped on the front haul, which fell $2,707 to $20,543, and there was a slightly smaller drop on the transatlantic, which fell from $17,088 to $15,088 i.e. $2,000 in one week. The main reasons are the slowdown in east coast south America and US Gulf grain activity, combined with the still undetermined numbers of ships coming from India and the Far East and heading for the Atlantic. The P3A and P4A routes decreased as well from $12,207 to $10,775, and from $2,962 to $2,369 respectively. In the Pacific the plunge was slightly less than in the Atlantic, due mainly to the clearer picture concerning the number of open vessels. The short period market remains at the same levels i.e $11,500 giving a “little hope” of correction in the short term” it mentioned.
In a recent research, Danish Ship Finance, mentioned that Chinese importers are increasingly diversifying their sources of commodities. This has led to heavy investments in production facilities and infrastructure all over the world, especially in other developing countries. These investments have helped to increase the share of Chinese imports originating from other developing countries. Latin America and the Caribbean saw 15% growth in their exports to China. Africa has also benefitted from the Chinese quest for raw materials. African exports to China were up by 15% in 2011, mainly driven by exports from counties in southern and western Africa. Russian and Ukrainian exports helped to pull 13% growth in European exports to China” it noted.
It also added that “the fact that a larger share of iron ore to Asia was supplied by Brazil meant that iron ore imports on average were carried over longer distances. On the other hand, coal trading from Indonesia to India was the main driver of coal trades in 2011. This meant that coal on average travelled shorter distances in 2011. Taking changes in trade patterns into account, the average trading distances increased in 2011. Distance-adjusted front-haul demand grew 8% in 2011 compared to 10% in 2010. China led the distance-adjusted front-haul demand growth with an increase of 11% in 2011. European and Japanese distance-adjusted front-haul demand increased only 5% in 2011” concluded Danish Ship Finance.
Source: Nikos Roussanoglou, Hellenic Shipping
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Sunday, 17 June 12
S7 & S8 ROUTES ARE LIKELY TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The BDI gained some increase after continues fall for several weeks.
The BDI increased by 47 points (up by 5.36 pct) closing at 92 ...
Saturday, 16 June 12
INDONESIAN SUB-BITUMINOUS COAL & CFR SOUTH CHINA COAL CONTRACT SWAPS ARE UNDER PRESSURE
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for July deliveries seems to be under pressure this week.&nbs ...
Friday, 15 June 12
CAPESIZE - THE LEVELS THAT DID FIX ARE DOWN W-O-W LEVELS - FEARNLEYS
Handy
Another slow-moving market with rates hovering at same level as last week. US Gulf positions fixed USD 25,000 for trips to Cont/Passero and S ...
Thursday, 14 June 12
SMALLER DRY BULK CARRIERS LIKELY TO FACE MORE CHALLENGES; DEMOLITION ACTIVITY SET FOR RECORD YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest update on the dry bulk markets, BIMCO said that China is partly “failing to deliver” on raw material imports that can affe ...
Wednesday, 13 June 12
LOW COAL PRICES COULD CHANGE SUPPLY SIDE DYNAMICS - FITCH RATINGS
Fitch Ratings believes that the weakness seen in thermal coal prices in recent months should reverse once demand from major importers recovers, alth ...
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- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- The University of Queensland
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
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