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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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Wednesday, 04 January 12
NEWBUILDING ORDERS PICKED UP IN 2011, BUT 2012 EXPECTED TO BE A DIFFERENT STORY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the BDI (Baltic Dry Index) starting the year on a sour note, losing 114 points and ending yesterday’s session, the first of the new year, ...
Wednesday, 04 January 12
MAHAGENCO TO IMPORT LOW MOISTURE COAL
COALspot.com - Maharashtra State Power Generation Co. Ltd. is the state power generation utility owned by Government of Maharashtra, intends to proc ...
Tuesday, 03 January 12
INDONESIA COAL REFERENCE PRICE FELL AGAIN
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has sets the January 2012 coal reference price at US$ 109.29 per ton or US$ 3.3 ...
Tuesday, 03 January 12
WHICH WAY WILL THE DRY BULK MARKET HEAD ON FIRST WEEK OF THE YEAR? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Dry bulk ship owners will be wondering which way will the BDI (Baltic Dry Index), the industry’s benchmark, will head during the first days of ...
Monday, 02 January 12
THE PROMISE OF INDIA: A BRIEF INTERRUPTION? - CLARKSONS / HELLENIC SHIPPING
Future growth in Indian seaborne coal imports has sometimes been considered as one of the largest potential upsides in the currently oversupplied dr ...
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- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- The University of Queensland
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Siam City Cement - Thailand
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