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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, 06 August 12
COAL EXPORTS COULD ADD $2B TO $6B ANNUALLY TO U.S. ECONOMY - HELLENIC SHIPPING
Business groups backing Pacific Northwest coal export proposals on Thursday lauded a new report that claims increased U.S. coal exports could bring ...
Sunday, 05 August 12
SUB-BIT INDONESIA COAL SWAPS ARE WAY UP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 1.36 percent on Friday (3 August 2012) closing W-o-W but gained& ...
Sunday, 05 August 12
INDONESIA'S ADARO TRIMS PRODUCTION FORECAST, CITES BAD ECONOMY - THE JAKARTA GLOBE
The Jakarta globe reported that, Adaro Energy, the country’s second-largest coal producer, has cut its annual production forecast to between ...
Sunday, 05 August 12
DRY BULK FREIGHT MARKET TO STAY WEAK NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com - The freight market continued to soften further in all segments.
The BDI was down by 8.68 pct closing at 852 points. The cape index ...
Friday, 03 August 12
INDIA - LIGHTS OUT! - SALVA
The Indian power sector hit global headlines this week for all the wrong reasons. Firstly, on Monday, over 350 million people lost power across nort ...
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- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- The University of Queensland
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Bhatia International Limited - India
- Aditya Birla Group - India
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
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