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Friday, 20 September 13
DRY BULK MARKET REACHES NEW HEIGHTS THIS WEEK STANDING AT THREE-YEAR HIGH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The biggest rally of the dry bulk market in more than three years have brought back joy among ship owners, especially those active in the Capesize market, while also proving right those analysts who had foreseen this recovery. Yesterday, the Baltic Dry Index (BDI), the industry's main benchmark maintained its upward trajectory, rising by an additional 38 points and reaching 1,860 points, almost double than its levels at the end of August. The main driving force behind yesterday's rise was, once again, the Capesize segment which was up by 86 points to reach 3,924 points, well over the break-even points even for those owners who invested at the peak of the market. Besides the Capesize market, all other segments of the dry bulk foray were on an upward trend as well, with the Panamaxes proving to be the strongest among them, up by 30 points.
In a recent note, shipbroker Intermodal noted that "it will take a longer period to understand how strong the legs to this latest rally are but the waves of optimism that have washed the market are undoubtedly high and more than welcome". In a separate note, shipbroker Fearnleys commented on the Capesize market that "the crusade continues with some speculating that market fundamentals may again look more rosy. Average daily earnings have gained almost USD 6k w-o-w, coming in at a firm USD 35500. The main driver is now increasing Atlantic mineral volumes combined with tight supply, and USD 40000 done for T/A round. Looking ahead, most owners are rating well described ships in the region of USD 35000, reflecting the aggressive gains seen on near dated paper FFA contracts for Oct and Q4 now stand at USD 36250 and 32000, respectively. Period deals are being concluded at levels not seen since 2010, with USD 27500 for 5-7 months done on a good 180000-tonner and lately USD 23250 done basis about 12 months. At present it appears that Chinese seasonal re-stocking activities will continue to absorb the growing spot iron ore supply, at least in the short term. This, combined with a relatively stable iron ore price, are good short term indicators for the Cape market", Fearnleys said.
Similarly, in the Panamax market, it stated that "after the recent rally, in particular in the Eastern Hemisphere, the market seems to have taken a breather - before moving further up. NOPAC rounds being fixed from 14k and close to 15k mid-week, but with healthy volumes and a steady flow of Cape splits there is room for elevated levels short term. Good signs for USG grain activity, where ton rates have moved up from 45 to above 50 in a week could be the basis for a substantial rise in the Atlantic market. With a lagging index and some voyage rates well under index, T/A rounds should be in the 12k range and fronthaul around 18k, even well above 20k on some particular runs. It seems the number of ballasters into the Western Hemisphere is being outnumbered by fresh requirements. Finally, we see decent volumes and levels for period where Owners secure about 12k for short and 11+ on 1 year spec and position depending. At least for now, the market is firm!", it said.
Finally, in the Handy market, Fearnleys said that "the rates in Feast are still firm this week even the activity calmed down a bit as chrtrs are not in a rush to cover even their end Sept cargos seems they are speculating on lower rates. Indo/China coal rounds spot vessel open Phils fixed at USD 13k. For vessels open ECI rates jumping up to around USD 10k dop for trips Indo/India with coal. Short period a 57k dwt vessel open N.China was fixed at low 11k for 3/5 mos redel WW. MEG/WCI is still quiet. S.Africa is over supply, rates remain USD 8+200k for trip to Feast", Fearnleys concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News Worldwide
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Saturday, 27 April 13
HANDY : SLIDING ; PANAMAX : POSITIVE ; CAPESIZE : STILL ON ITS KNEES - FEARNRESEARCH
Handy
The Atlantic markets started sliding with no fresh cargoes seen in the market. The USG-Feast was at USD 18k and Black sea-Feast was at USD 11 ...
Saturday, 27 April 13
2ND CHINA INTERNATIONAL SHALE GAS SUMMIT
Press Release - 2nd China International Shale Gas Summit, 10-13 September 2013 | Chengdu, China
*The largest annual event for the shale gas indus ...
Friday, 26 April 13
LIMA SUMMIT IN JULY TO HIGHLIGHT LATIN AMERICAN MINING POTENTIAL
COALspot.com - Latin American mining industry officials and their private sector counterparts will be gathering in Lima, Peru on July 1-2 for the La ...
Wednesday, 24 April 13
FUTURE US POWER MARKET SHARES OF COAL, NATURAL GAS GENERATORS DEPEND ON RELATIVE FUEL PRICES - EIA
COALspot.com - In recent years, in US, natural gas competed more effectively with coal as a fuel for electricity generation as the cost of operating ...
Tuesday, 23 April 13
INDONESIAN STATE OWNED COAL MINER SHIPPED 4 PERCENT MORE COAL IN 1Q
COALspot.com - PT. Bukit Asam, the Indonesian state owned coal miner shipped more coal in first quarter of this year compared to the same period in ...
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- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
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