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Tuesday, 15 May 12
POTENTIAL BOOM OF CHINAS COAL IMPORTS COULD PROVIDE FURTHER SUPPORT TO DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has been moving sideways during the past week with the industry’s benchmark, the Baltic Dry Index (BDI) losing 0.53% on the start of the week, ending the session at 1,132 points. The Capesize market lost 0.12%, practically stable compared to end of the past week. The Panamax market was once again the main losing one, with the Baltic Panamax Index (BPI) retreating by 1.74% to 1,299 points. By contrast, the Handysize segment of the market continued its rebound, to end the session up by 1.14% to 623 points.
In a recent note, Commodore Research & Consultancy, commented on the ongoing decline in regional thermal coal export prices. “Indonesian, Australian, and South African thermal coal prices have all been coming under steady pressure since March. During the same time period, however, domestic Chinese prices have remained basically flat. *Outside of China, regional thermal coal prices are now at their lowest levels since late 2010*. The very attractive regional thermal coal import prices (and approaching peak summer demand season in China) will likely result in Chinese coal imports setting a new record within a few months” said Commodore.
In a separate weekly dry bulk report, shipbroker BRS mentioned that it was a second week of corrections for the Panamax market, and the BPI dropped 13.4% to 1322 points. Conversely the Capes rose slightly to 1614 (2.4%). The BSI was practically unchanged at 1112 (-0.5%) and the BHI moved up 2.3% to 616 points. Regarding the Capesize market, the shipbroker noted that “there were overall gains for the Cape market but it was a mixed picture. The 4TC rose to $8,660, a rises of 10%, but gains were only in the Atlantic and conditions softened again at the end of the week. By week-end Aus-China was assessed at $7.55 and Bra-China at $20.55, while rates in the Pacific actually came off. Overall activity was sluggish, and gains were partly attributed to the rise in the FFA market the previous week. There was some correction in the paper market last week, with rates shaking out by Friday to $10,250, $11,650 and $14,250 for June, Q3 and Cal13 respectively. The 4TC fell 65 points on Monday” said the report.
Regarding the Panamax market, it stated that “the Atlantic basin came under further pressure this week, with a significant proportion of May business seemingly being covered. Charterers appeared more willing to watch and wait for further developments before committing to the market, with bid/offer spreads on TA rounds remaining stubbornly apart. Combined with this, the overall tonnage supply remained fairly high, and as a result the 1A index dropped back from $15,088 to $13,144 w-o-w, with sentiment remaining soft moving into the new week.
Business ex ECSA has also slowed down markedly over the past week, downshifting the 2A index from $20,543 to $18,083 w-o-w. Owners appear less willing to reposition their tonnage towards the Pacific due to high tonnage supply there, along with softening demand fundamentals in both coal and iron ore markets. Pacific rounds are being reported in the region of $9,000 per day now, with the index reflecting this trend to close down at $9157. There appears some scope for further declines across both Atlantic and Pacific basins in the coming week, although possibly not quite at the dramatic rate we have seen the past week or two” it mentioned.
Finally, on the Supramax/Handy markets, it was “another relatively quiet week, and one which saw a public holiday in the UK on Monday. The Supramax market saw Atlantic and Pacific basins diverge further as an active South American grain market countered falling cargo volumes in the East. Fronthaul business remains on a positive footing indicated by a 55,000 dwt vessel taking $19,000 per day from WAF, via ECSA to the Far East on Friday. S2, the NOPAC index, saw its values fall by 5.2% over the week however many participants see this as being a tame decline given the market sentiment - the 54,000 dwt “Nicolaos A” fixed CJK/New Zealand at a lofty $11,000 in the early sessions of the week. For the larger sizes, trade from the USG has been somewhat dour, however Handy owners operating in this routes have benefited from an increasingly active Trans-Atlantic trade which pushed the index over 6% week-on-week” it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Monday, 28 May 12
COAL EXPORTS ARE JUMPING HIGHER, BUT PRICES ARE FALLING LOWER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31.86* million tons of coal in April 2012, compared to 30.64* million tons i ...
Sunday, 27 May 12
THE FREIGHT MARKET FROM INDONESIA TO INDIA WAS WEAK - VISTAAR
COALspot.com - The BDI continued to fall for the fourth straight week and the BDI fell by 9.38 pct this week closing at 1,034 points.
The Cape Si ...
Sunday, 27 May 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS HEADING TO SOUTH DIRECTION
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for July deliveries have dropped this week by 5.43 percent an ...
Saturday, 26 May 12
DRY BULK SHIP OWNERS LOOKING TO CUT BACK ON TONNAGE SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of dry bulk carriers has been the most prominent problem in the market today, pushing down rates and ‘strangling’ profita ...
Thursday, 24 May 12
DRY BULK MARKET RETREATS ON LACK OF CHINA DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market retreated yesterday on the back of lower Chinese demand for commodities such as coal and iron ore, typically hauled by dry bulk ...
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Showing 4716 to 4720 news of total 6871 |
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- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- PTC India Limited - India
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
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