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Thursday, 11 October 12
DRY BULK MARKET STEADY AFTER CHINESE HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market hasn't yet staged a solid rebound after last week's holidays in China, as many would have expected. Indeed, many analysts were anticipating elevated purchases of iron ore from Chinese buyers, but up until today, this hasn't yet been the case. In fact, as the latest Chinese reports have indicated, iron ore stockpiles at the country's major ports, continue to be in rather high levels. The only potential "game changer" at this moment could be the fact that some Chinese will be willing to take advantage of the low iron ore prices and stockpile more raw material.
As a result, the BDI (Baltic Dry Index), the industry's main benchmark has remained virtually unchanged, as was the case in yesterday's session, which saw the index stable at 875 points. The Baltic Capesize Index was down by 54 points to 1,775 points yesterday, as a result of lower demand for Capesizes, which are mainly used to haul iron ore and coal to China. By constrast, the Panamax market, which has been suffering in the past month or so, managed to stage a rise, with the Baltic Panamax Index (BPI) rising by 72 points to 784. Smaller dry bulk carriers remained steady yesterday.
According to the latest report from shipbroker Fearnleys, commenting on the Capesize markets this week, it said that "hikes in this segment have proved to be short-lived this year, and the past week seems to fit well into the pattern. Spot, period and paper levels are all sliding on lower fronthaul activity combined with increased Chinese tonnage supply following holidays. After peaking at a 9-months´ high of close to USD 11300, average daily return has so far come off some 13% in 3 days.
handful of proactive owners have made good use of the pre-peak sentiment and secured period coverage before levels again dropped substantially - notable fixtures include 180k dwt/blt 2010 delivering China prompt for 10-14 months at USD 12k and 170k dwt/blt 1999 done for 5-7 months at USD 10750 with same delivery. More spikes are expected during Q4, but fundamentals do not indicate neither long-lasting nor dramatic improvements" Fearnleys said.
On the Panamax front, the shipbroker's report added that "we have now experienced several weeks of downward pointing curves in both hemispheres, but this week we finally experienced some positiveness. Since last week rates has firmed for all trades. Atlantic round market which has hovered around USD 500 daily has now climbed to a level of around USD 5-6k depending on delivery. The fronthauls with delivery Continent are today being fixed in region of USD 18k compared to the 12k being achieved last week. We see more coal cargos in the Atlantic and fresh grain cargos fuelling the increasing market. In the Pacific we see rounds being fixed at around USD 6-6.5k + a ballast bonus. The period market has also experienced some increase in rates much supported by the FFA values also increasing" the report mentioned.
Finally, in the Handy market front, Fearnleys said that "the Atlantic market remains quiet due to lack of cargoes and more supply of ships. Rates from Continent to East Med were around USD 14k and Black Sea to FEast about USD 15k. USG-Skaw-Passero rates are around USD 11k and rates for USG-FEast about USD 18k. The Pacific market remained stable with rates mostly unchanged. For Indo-India, large eco Supra now fixed at USD 10k for dely Singapore. Nopac also fixed bss APS at USD 8k + BB 325k. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 5k and ECI-China around USD 4k. RBCT rv fixed at APS USD 8k + BB USD 200k. 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 concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Sunday, 13 January 13
THE FREIGHT MARKET: FAIRLY STEADY - VISTAAR
COALspot.com - The freight market was fairly steady with all the indices up with maximum gain in the Panamax segment. The BDI was up by 7.65 pct clo ...
Saturday, 12 January 13
SUB-BIT FOB INDONESIA COAL SWAPS: WEAK
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has lost 0.32 percent WoW but CFR South China coal ship ...
Saturday, 12 January 13
HIGHER COAL PRICES: SEASONAL EFFECT
COALspot.com : Bahana Securities, one of the leading securities in Indonesia, said in its latest coal outlook that, on US and China&rsquo ...
Friday, 11 January 13
HBA HAS JUMPED BY US$ 5.80 PMT IN JANUARY 2013
COALspot.com - The Indonesian government has declared bench mark price for coal higher than December price. The monthly coal reference price f ...
Thursday, 10 January 13
PANAMAX : SOME GLIMMERS OF HOPE MID WEEK - FEARNLEYS
According to Fearnley’s weekly report, the Atlantic handy market is stable with rates around USD 11k for Cont-Feast and USD 17k bss USG/Feast. ...
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- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- The University of Queensland
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Minerals Council of Australia
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
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