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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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Monday, 07 May 12
INDONESIAN HBA FALL AGAIN IN MAY 2012
COALspot.com - Indonesian HBA fall again to lowest level since January 2011 in May 2012. The monthly coal reference price for coal sales in Ma ...
Sunday, 06 May 12
INDONESIAN SUB-BITUMINOUS COAL & CFR SOUTH CHINA SWAPS SLIGHTLY DROP THIS WEEK
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for June deliveries slightly dropped this week.
According ...
Sunday, 06 May 12
S7 & S8 ROUTES LIKELY TO BE FIRM NEXT WEEK VISTAAR SINGAPORE
COALspot.com - The BDI remained flat this week and was up just by 1 point closing at 1,157 points.
The cape size index was up by 5.14 pct closing ...
Sunday, 06 May 12
EXPORT DUTY ON MINERAL FINALLY TO BECOME EFFECTIVE NEXT WEEK
COALspot.com - Mineral ore exporters of Indonesia ( only IUP holders) are required to obtain recommendation letter from the energy and mineral ...
Friday, 04 May 12
DEMOLITION KEY FOR DRY BULK MARKET RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The overflow of newbuilding vessels which “spilled over” into 2012 from 2011 brought the dry bulk market to a near collapse level at the ...
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- Ministry of Transport, Egypt
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Planning Commission, India
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
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