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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, 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. ...
Wednesday, 11 April 12
TWO PERCENT OF IBP CONCESSION CONTAINS 42 MMT OF COAL
COALspot.com - 42.35 million ton of coal found in just 2% of PT Insani Bara Perkasa’s total concession area of 24,477 hectare.
Accord ...
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- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Australian Coal Association
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- The University of Queensland
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
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