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Thursday, 17 May 12
DRY BULK MARKET STILL LOOKING FOR NEW DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has kept on moving sideways during this week, with the mixed performance across all segments. Yesterday, the industry’s benchmark, the Baltic Dry Index (BDI) was down by 0.18% to 1,130 points, down by just two points. The Capesize market was practically unchanged on the day, with a marginal increase of just 0.06% to 1,613 points. The smallest ship size, the Handysize market has kept on rising with the relative Baltic index, being up by 1.12% to 630 points. By contrast, the Panamax market was down by 1.23%, while the Supramax was once again on the downside, retreating by 0.36% to 1,105 points.
In a relative note, Commodore Research & Consultancy said that Chinese coal imports have set another record as the company’s analysts had predicted. “Preliminary data from the National Bureau of Statistics shows that China imported 23.9 million tons of coal in April. This is 2.5mt (12%) more than was imported in March and 12.8mt (115%) more than was imported in April 2011. China's previous monthly coal import record was 22.4mt imported in November 2011. Going forward, we continue to anticipate that Chinese coal imports will set additional records this year. For July, we expect coal exports will exceed 25mt. Overall, we remain very bullish regarding upcoming prospects for Chinese coal imports because regional thermal coal export prices remain very low and Chinese electricity demand continues to surge. The 411 billion kwh of electricity that China produced in March 2012 was only slightly below the record 426 billion kwh produced in August 2011. Chinese electricity production normally peaks by August of every year due to peak season summer demand. In the summer months ahead, we expect electricity production will continue to increase rapidly and will set several new records. Thermal coal will remain in great demand, and we continue to anticipate that coal imports will set a record by July” concluded Commodore Research & Consultancy.
In its weekly report, shipbroker Fearnleys commented on the Capesize segment, by mentioning that “little has changed this week in terms of the market levels. All the major miners have been in and out of the market with little movement in the freight rates. The Bubble in the Atlantic burst and the market has fallen back to the USD 8000 bracket, still a premium to the Pacific market. As rates have largely remained stable the recent fall in bunker prices has benefited the bottom line of owners (except the ones already well into a ballast leg) Period fixing has also been scarce but is apparently on subs but no details reported” mentioned Fearnleys.
Meanwhile, in the Handy side, “the market remained variable. Fronthaul voyages both from Baltic and Black Sea paid over USD 18k/day. From USG to Cont tonnage would get over USD 20k/day, whilst USG/FE was worth above USD 25k/day. Average of TC routes closed at USD 11502 today and was still USD 1500 higher than similar index for the Panamax tonnage. Pacific market has been weak and falling. For Indo-India, large eco Supra can fetch close to USD 10k + BB USD 150k bss APS Indo. Nickel ore cargoes are not seen in market anymore due to on-going Indonesian ban which has again taken away cargoes and putting pressure on market. Nopac also fixed under USD 10k dop Japan. Indian iron ore market remains quiet with less activity. WCI-China rates around USD 10k and ECI-China around USD 7k. Some ECI Supras have been ballasting to pick up Indo cargoes as well. RBCT rv fixed at APS USD 11k + BB USD 350k. Red Sea fertilisers to India fixed high teens. Not much activity on short period and rates around USD 11k for large Supra” said the shipbroker in its report.
Finally, on the Panamax front, it noted that “intoxicated by some areas being tight for tonnage, Owners predict an Atlantic market on the rise despite falling indices. Transatlantic rounds from 12-14k depending on position and direction. Some Chrtrs have had a fair challenge to cover fronthaul buiz where levels are around 18k via COGH. Overall the Western hemisphere seems fine tuned with a few fresh mineral requirements and so far limited volumes of June grain cargoes out of ECSA. Fair activity in the Pacific where Owners have been eager to cover a growing list of positions in a sliding 8000 dollar market mid-week. With reduced hopes for a recovery in European economy and a slowly falling forward curve, period interest is limited. Only Owners willing to give wide spreads or options could find period takers for efficient tonnage in the 10k area” concluded Fearnleys.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 12 June 12
ITACHA RESOURCES BUYS SARANA MARINE - INSIDER STORIES
Insider Stories reported that, coal mining company PT Itacha Resources, a joint venture between Anthoni Salim and Glenn Yusuf, announced that Itacha ...
Monday, 11 June 12
BAHANA FORECASTS THE COAL PRICES WILL FALL FURTHER
COALspot.com - Growing US coal supplies + low shipping costs = Asia as target.
According to Irwan Budiarto analyst at Bahana Securities, US ...
Monday, 11 June 12
ASIAN COAL TRADING COMMUNITY EMBRACES API 5 AND API 8
Press Release - The Asian coal trading community is embracing the API 5 and API 8 indexes for its swap contracts.
The API 5 index represents 5,50 ...
Sunday, 10 June 12
FREIGHT MARKET EXPECTED TO REMAIN WEAK FOR NEXT FEW WEEKS - VISTAAR
COALspot.com - The BDI continued to fall this week and down by 2.99 pct closing at 877 points.
The Cape index also was down by 5.78 pct closing a ...
Friday, 08 June 12
ESSAR ENERGY RECEIVES FINAL APPROVAL FOR INDONESIAN COAL BLOCK
COALspot.com - Essar Energy plc, the India-focused integrated energy company, today announced that it has received final ‘Pinjam Pakai’ ...
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- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Minerals Council of Australia
- Central Electricity Authority - India
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
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