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Thursday, 08 November 12
DRY BULK MARKET RETREATS AGAIN ON HIGHER SHIP SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 In further evidence of a latest round of dry bulk shipping misery, the industry's benchmark fell for the 11th straight session yesterday, as the influx of new building vessels continues to plague the market. The BDI (Baltic Dry Index) was down by 31 points to 916 points, with the Capesize market facing the biggest losses. The relative Baltic Capesize Index (BCI) was down by 4 percent to 2,098 points, while the average daily earnings were downy by $876 to $13,545. Additionally, the Panamax market was also down by 1.34 percent to 737 points. Panamax average earnings was down by $76 to $5,904 daily. Average daily earnings for handysize and supramax ships were down to $6,089 and $6,761, respectively.
According to the latest weekly report from shipbroker Fearnleys, commenting on the Capesize market, "after a couple of weeks rally, rates have been dropping throughout this week. West Australia is presently at very low 9s, compared to close to 11 end of October. Fronthaul which was excess USD 24 at the same time is presently around USD 20 (for December dates), with a lack of fixtures being concluded and some prompt/unfixed ships outside Brazil. There is a good demand for period ships, but rates are generally too low to attract owners´ attention, as they keep the recent "mini-boom" fresh in mind" the shipbroker noted.
Meanwhile, in the Panamax market, "the trend from last week continued into this week with little transatlantic business entering the market and plenty of ships looking for same. Some grain cargos for end November/beginning December destined for China are still being quoted, but at lower volumes than expected. Fhauls are now paying around mid 13k for Cont delivery or USD 14k + USD 400k bss APS USG. In the eastern hemisphere we still see a fairly active market with Indonesian coal still being shipped. The latter is however under pressure mid-week with plenty of ships competing for the same cargos. Pacific rounds are now being paid around USD 7k. The period market is not too active at the moment but still some short period deals being done in the mid 7´s for 4/8 months" said Fearnleys. In a separate report, shipbroker Shiptrade & Services noted on the Supramax markets that "Supramax market is steadily losing its pace, with the BSI Index closing at 669, a 30-point decrease compared to last week. Trips from ECSA to Med/Cont pay around USD 8,5/9000 and in comparison to Week 44, the number of cargoes from ECSA to FEAST has been substantially decreased. Fronthauls from USG to FEast pay around mid teens, whereas for delivery BSea to FEast could see numbers starting from 5 digits. On the positive side, prompt tonnage supply at ECSA is relatively low and owners are optimistic that the rates will increase in the next weeks. In the pacific supramax market, the Indonesian coal to S.E Asia and India and has set the pace, as the demand for vessels ex NOPAC and N.China has been substantially decreased. NOPAC rounds were seen closing at aps USD 7000 + 300k ballast bonus. Large, eco Supras are being fixed at around USD 11000 basis delivery Singapore.
For another week, the Indian Iron ore market has been quiet too, with ECI-China rates at levels around USD 4000 and for WCI-China at USD 3000. Regarding fertilizers from Red Sea to India there has not been any substantial difference compared to Week 44, with cargoes being fixed at levels around USD high teens. Richards Bay coal terminal fixtures were closed at USD 8000 + 200K ballast bonus on an aps basis. Short period rates for large Supras are hovering around USD 9000 but with not much activity being seen" it said.
Finally, in the Handy markets, Fearnleys said that "the Atlantic market continues to remain weak with rates further softening on FH. Rates from USG to Feast were around USD 14k and Black Sea to Feast about USD 10k. USG-Skaw-Passero rates are around USD 9k. The Pacific market remained stable with rates mostly unchanged with fair amount of cargoes and tonnages. For Indo-India, large eco Supra now fixed at USD 11k for dely Singapore. Nopac also fixed bss APS at USD 7500 + BB USD 325k. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 4k and ECI-China around USD 3k. 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" Fearnleys concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 12 November 12
THE ESTABLISHMENT OF NORTH KALIMANTAN AS A NEW PROVINCE WILL NOT AFFECT THE LOCAL MINING COMPANIES
The government of Indonesia has ensured that the establishment of North Kalimantan as a new province will not affect the local mining companies ...
Monday, 12 November 12
DRILLING COMPLETED AT THE MOORLANDS DEPOSIT, WEST BOWEN PROJECT
Press Release - Cuesta Coal Limited (ASX: CQC) (“Cuesta”) is pleased to announce it has completed its exploration activities at the Moor ...
Monday, 12 November 12
BARGE-LOAD OF 5K TONNES OF COAL FROM THE ADK JOINT VENTURE SHIPPED LAST WEEK
COALspot.com - Orpheus Energy (ASX:OEG) has announced that, it has successfully shipped a 5,000 tonne of ADK thermal coal to an Indonesian trading g ...
Sunday, 11 November 12
AN OPTIMISTIC WEEK FOR INDONESIAN SUB-BIT COAL
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for January 2013 delivery gains 2.08 percent WoW and 1.28 percent DoD on Friday, 9 November ...
Sunday, 11 November 12
THE IRON ORE AND COAL PRICES MOVEMENTS REMAINS LOW - VISTAAR
COALspot.com The market remained soft with all the sectors soft.
The BDI and was down by 4.67 pct closing at 940 points, on Friday 9 Novemb ...
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- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
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