We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 05 July 12
DRY BULK MARKET MOVES FURTHER UP THE HILL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has kept its growth momentum by the middle of the week, as the BDI (Baltic Dry Index) rose by an additional 40 points to 1,103 points yesterday, as a result of stronger demand for Capesizes, ships of up to 180,000-200,000 tons used to haul cargoes like iron ore and coal. The respective BCI (Baltic Capesize Index) was up by 79 points to 1,369, while almost all ship types were higher on Wednesday. It was just the Handysize market which was practically unchanged to 716 points.
In its latest weekly report, shipbroke Fearneys commented on the Capesize market by stating that “the Cape market has been slowly but surely coming back over the past week with C4TC pushing up by USD 2k on the spot level and USD 1k on mtd. With a slow end to the week and start to this one the Atlantic basin has finally got a more positive feel with some positional tightness and very few ballasters arriving in the next few weeks, C3 levels are again back over the USD 18 level. The Pacific has also shown upwards momentum with C5 back over the USD 7 level, a relief to owners that it is clawing back from the mid USD 6 level it has been down too in the past couple of weeks, this is due to more activity from the major miners on this route. There has been a little period activity seen as the market ticks up, around the USD 10k-11k level seems about the current level” it noted.
On the Panamax front, Fearnleys noted that “stimulated by a steady flow of fresh spot requirements, predominantly in the Atlantic, the market has firmed up to higher levels at higher volumes. In the western hemisphere a tighter tendency pushes rates closer to 10k for T/A rounds and upper teens for fronthaul as most owners hesitate to go east. The sentiment remains positive in the Pacific with rates climbing to 8k for NOPAC and 10k for ECSA rounds bss Singapore delivery. Assisted by the optimism takers are looking for efficient tonnage for period at around 8k for short period and upper 9´s for about 1-year period. The forward curve is not moving considerably as long term demand vs. supply fundamentals remains gloomy” it noted.
Finally, on the Handy front, the report mentioned that the “Supra market in the Atlantic climbed slowly during the last week, with fresh cargoes entering the market. Cont/US Gulf fixed tick above USD 5k/day, while US Gulf/Cont concluded close to USD 27k/day. Fronthauls ex Cont were paid around USD 23600, while tonnage ex Canakkale fixed around USD 24500. The Pacific market has seen increased activity and rates are getting firm on Indo and Nopac rounds. For Indo-India, large eco Supra now fixed at USD 8k basis North China dely. Some owners also asking for mid-teens for SE Asia dely. Nopac also fixed at USD 9k basis Japan. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 8k and ECI-China around USD 5k. RBCT rv fixed at APS USD 10k + BB USD 360k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 10,500 for large Supra” Fearnleys concluded.
In an update on the market, Commodore Research & Consultancy mentioned that “in June, various parts of southern China (which is where the majority of China’s hydropower is produced) received more than double the amount of rain that historically occurs every June. A large part of southern China normally receives 200 to 250 millimeters of rain every June. This past June, however, several parts of southern China received 400 to 500mm of rain.
Chinese hydropower production has been able to continue to surge as a result of the heavy rainfall. Most recently, Tropical Storm Doksuri made landfall on Saturday and helped pushed month-end rainfall totals over 400mm in many areas. *The surge in hydropower production will continue to put pressure on Chinese thermal coal demand*. Southern China has largely recovered from drought, and we believe hydropower production stands a good chance of setting a record in July or August” it noted.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 18 July 12
SHIP PRICES HAVE FALLEN RAPIDLY THIS YEAR, FAVORING INVESTORS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The price for a 5 year old Capesize dry bulk carrier of 172,000 dwt has fallen to about $33,4mil from $42.9 at the end of June 2011, while at end of ...
Saturday, 14 July 12
FREIGHT MARKET SEEMS TO BE QUITE VOLATILE - VISTAAR
COALspot.com - The market seems to be quite volatile with the trend changing almost every week. This week all the segments were down except for Pana ...
Friday, 13 July 12
TRANSCOAL MINERGY HAS RECEIVED PMA STATUS IN INDONESIA
COALspot.com - PT Transcoal Minergy (“TCM”) has received official foreign owned company status from the Capital Investment Coordinating ...
Thursday, 12 July 12
LACK OF CAPESIZE DEMAND DRAGS DRY BULK MARKET LOWER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A lack of demand for the larger Capesize dry bulk carriers had as a result the fall of the industry’s benchmark, the BDI (Baltic Dry Index), w ...
Thursday, 12 July 12
RIO TINTO'S SENIOR MANAGEMENT CHANGES
COALspot.com - Rio Tinto is making changes to its senior management team as chief financial officer (CFO) Guy Elliott has decided to retire at the e ...
|
|
|
Showing 4656 to 4660 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- PTC India Limited - India
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- MS Steel International - UAE
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
|
| |
| |
|
