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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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Tuesday, 31 January 12
THERE ARE MANY GOOD REASONS FOR COAL IN GERMANY - DR CIESLIK
COALspot.com - "The year 2011 was again marked by many changes on the markets and energy policies, at times in line with expectations, but at o ...
Tuesday, 31 January 12
DRY BULK MARKET KEEPS FALLING FOR WORST MONTH IN YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market didn't manage to put a halt in its downfall, with the industry's benchmark, the BDI (Baltic Dry Index), posting yet another fa ...
Monday, 30 January 12
CHINA'S HUNGER FOR COAL LEAVES DENT IN PENNSYLVANIA'S SUPPLY - THOMAS LESKIN
With the price of heating oil on the rise, one of Pennsylvania's greatest natural resources - coal - is in high demand, and not just locally.
Et ...
Saturday, 28 January 12
WILL FREIGHT MARKET STABILIZE FROM NEXT WEEK?
COALspot.com - The markets continued to soften with BDI at 663 points down by 15.78 pct closing at 726 points and cape index was down by 5.73 pct cl ...
Friday, 27 January 12
DEMOLITION ACTIVITY NEEDS TO INCREASE SIGNIFICANTLY THIS YEAR AS WELL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of vessels in most shipping sectors is so intense that it’s become clear to ship owners that unless they scrap as many of their ...
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- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Planning Commission, India
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
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