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Thursday, 30 August 12
DRY BULK MARKET STILL LOOKING OUT FOR BETTER DAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 With things in China moving slowly this week, as a result of holidays, it’s no surprise that the latest positive trend in the dry bulk market was put on hold. Yesterday, the BID (Baltic Dry Index), the industry’s benchmark was down by 6 points to 718 points, with the Panamax market facing the most downward pressure. The relative index (BPI) was down by 24 points to 788, while almost any other ship market was also on the downside, with the exception of the Supramax one, which was practically unchanged. The main gainer from last week’s rally, the Capesize market, was down by 5 points and still unable to bring itself to any meaningful recovery.
In its latest weekly report, Fearnleys commented on the Capesize market, that a week-on-week improvement in daily earnings of more than 20% would under normal circumstances be remarkable, but when basis is around usd 2700 it hardly raises eyebrows. The last few days have seen a micro-rally caused by Australian miners paying up to replace tonnage delayed by bad weather, and a certain optimism has been evident also for the Brazil/China iron ore trade on speculations that chinese mills will take advantage of falling iron ore prices. Fundamentals generally remain unchanged, however, and present spot average value of usd 3300/day still covers less than half of daily running costs. Despite this, majors keep picking short period tonnage, although at ever lower levels - recently exemplified by 177000 dwt/built 2007 delivering china prompt for 4-7 months at usd 8k/day said the shipbroker.
In a separate report, shipbroker Shiptrade & Services noted on the Capesize front, that «the downwards trend continued at the beginning of the week although slightly improved at the middle-end of the week with the BCI closing at 1124 increased by 29 points and the 4 TC routes ending up at USD 2,927. In the Atlantic basin, rates remained steady at low levels with the fronthaul trips ending up at USD 18,500, same levels as last week, while the transantlantic round trips fixed at USD 2,750 reporting a modest increase of USD 250. The same sentiment applied in the pacific market with the Australian iron ore trade producing cargoes, but not enough in order to cover the oversupply of tonnage at the area. In this respect, round trips fixed at USD 3,750. Period activity fixed around at USD 9,000 levels for one year it said.
Meanwhile, in the Panamax market, Fearnleys noted that bank Holiday in London on Monday did not help the already bearish sentiment in the Panamax market. It was an extremely quiet start to the week and rates are continuing to slip in both hemispheres. We see the commodity imports to China slowing further and experienced several cargoes failing subjects due to not closing the sale it self. Mid week we see some more cgos in the Atlantic but the number of vsls are still outnumbering the cargoes. Tarvs are being fixed in region of Usd 5k while Fhauls are being fixed at around Usd 15/16k with Cont delivery. In the Pacific rounds are being fixed at ard the same levels as in the Atlantic ie 5k. The period market is non excisting with levels that can be achieved are too low for owners to even consider it said in its report.
Concluding its weekly analysis, Fearnleys said on the Handy markets that «the Supra market continued its negative trend with little fresh business entering the market. Continent positions fixed around USD 4k for trips to US Gulf, and USD 17500-ish for east redel. The US Gulf market kept more stable and fixed in line with last week, at low USD 11k towards Continent.
Pacific market remained quiet due to lot of ships available. For Indo-India, large eco Supra now fixed at USD 7k for dely Singapore. Nopac also fixed bss APS at USD 7k + BB USD 250k. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 7k and ECI-China around USD 5k. RBCT rv fixed at APS USD 7k + BB USD 250k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 9k for large Supra it stated.
Source: Nikos Roussanoglou, Hellenic Shipping
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Monday, 10 September 12
TNPL, AN INDIAN PAPER MAKER IS SEEKING FOR 300K MT OF IMPORTED NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint & Papers Ltd. , an Indian paper maker, is seeking 300,000 metric tons ± 5% (In 6 Shipments about 50,0 ...
Monday, 10 September 12
DRY BULK MARKET SLOWLY BUT SURELY REACHING CRITICAL STATUS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The radical consequences of the shifts in dry bulk demand and prices, especially for the most sought after commodity, concerning the industry, i.e. ...
Monday, 10 September 12
ORPHEUS ENERGY SECURES INDONESIAN COAL TRADING LICENSE
COALspot.com - Indonesian coal producer, Orpheus Energy (ASX:OEG) has announced today that the Indonesian Ministry of Energy and Mineral Resources h ...
Monday, 10 September 12
A SNAPSHOT ON THE ECONOMIC AND SHIPPING ENVIRONMENT - GOLDEN DESTINY / HELLENIC SHIPPING
The European Central Bank left its interest rate unchanged at 0.75% focusing on pushing down borrowing costs in troubled economies, Spain and Italy. ...
Sunday, 09 September 12
H213 SUB-BIT FOB INDONESIA COAL SWAPS ARE TRADING HIGHER
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery lost 0.14 percent W-O-W on 7 September 2012, Friday closing but gained ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- London Commodity Brokers - England
- Posco Energy - South Korea
- Chamber of Mines of South Africa
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