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Friday, 02 May 14
DRY BULK MARKET SHOWING SIGNS OF COMEBACK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market which has been hovering below the 1,000-point market (BDI) during the past couple of weeks, could be exhibiting signs of a slight positive correction. During yesterday's session, the Baltic Dry Index gained 50 points, an increase which can be attributed mainly on the strong uptake of the Capesize market. The Baltic Capesize Index (BCI) gained 116 points, which could be a sign of things to come, since every major rebound of the dry bulk market has began with a surge of the Capesize market.
In its latest weekly report, shipbroker Fearnleys noted on the Capesize market that "a return rom the Easter break has not improved the market. Quite the contrary - optimism is presently lacking indeed. The C5 West Australia/China run, although stable in volumes, has seen rates falling from around USD 7.60 to below 7.00 pmt w-o-w. Fears of China tightening on commodities-backed financing and Yuan depreciation could see a cool down in commodity prices and potentially imports. Atlantic demand is still thin but fears of instability in gas supply bode for a better coal market with the possibility of increased bulk demand. Front haul has been very quiet but lately there are slightly more enquiries which may possibly fuel the market somewhat. Period activity is very limited due to instability of the forward curve, with Q4 dropping from USD 31,500 to 29,200 and further. Present average 4TC is at around USD 9,100, stable over the week, and too low to justify taking in period tonnage at prevailing levels asked for", said the shipbroker.
On the Panamax market, it added that "the Panamax market continues sideways in most parts of the world. The US Gulf has improved a little bit over the last week with a few fresh requirements coming out, but the rest of the Atlantic remains pretty much unchanged at low levels and with limited activity. The average daily hire in the Atlantic is now around USD 4k. In South America the grain season continues sideways with fronthaul cargoes being fixed around USD 15k +500k ballast bonus. The Pacific market weakened a little bit over the last week, we have seen several aps fixtures which are not a good sign, but now it seems to have stabilized again. The average in Pacific is around USD 7500/day. We have seen limited period activity as well, as owners seem to be more unwilling to fix for period now that the rates has come down. But a few ships were taken for around one year period, all in the range USD 12. 5-13k/day depending the vessels specification", Fearnleys noted.
Finally, on the Handy market, "the week has been mixed with rates seeing a slight increase w-o-w. This is again much lead by the positive sentiment beginning this week, but still we end the week on a negative tone with little activity. The Atlantic is best described as a flat market, with some trades taking a beating while others see a slight increase in rates. In the Pacific the week ended with little happening before the long weekend ahead. Indo coal rounds paying around USD 8.5-9k while the nickel ore business is being fixed in region of USD 10-11k. Let´s see where next week will take us", Fearnleys concluded.
Meanwhile, in a separate report, Intermodal noted on the demolition market, which is always of interest in terms of tonnage oversupply, that things "still remain very positive and despite the fact that a price correction in the Indian sub-Continent has been looming for a while now, the truth is that the high prices we have been witnessing over the past month have only been going higher and this past week was no exception either. It seems that the upcoming national elections in India as well as the budget announcements due the first week of the summer season in both Bangladesh and Pakistan, have not had any particular negative effect so far as most have been waiting for, and although sentiment should be affected by all the above mentioned events, it is only the monsoon season that will most likely affect not only sentiment but prices as well. Up until then we are still watching extraordinary levels achieved in India, while both Bangladesh and Pakistan remain overall firm in their bids. At the same time, the Chinese market is still being described by lack of any substantial activity with more and more “as-is” sales being concluded in the Far East for sub-continent accounts. Average prices this week for wet tonnage were at around 325-500$/ldt and dry units received about 310-490$/ldt", the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 02 May 14
US WEEKLY COAL PRODUCTION RELATIVELY FLAT AT -0.1%, SAYS EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 19.0 million short tons (mmst) of coal i ...
Thursday, 01 May 14
INDONESIA EXPORT BAN POINTS TO QUESTIONS OVER CHINA'S LONG-TERM BAUXITE SUPPLY - WOOD MACKENZIE
China’s Bauxite demand forecast to reach 240 million tonnes by 2030
In light of the Indonesian mineral ore ban that came into force o ...
Thursday, 01 May 14
DRY BULK MARKET STILL REELING UNDER PRESSURE FROM VARIOUS FACTORS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market's revival is still overdue, as the industry's benchmark, the BDI is still lagging below the 1,000-point mark. In fac ...
Wednesday, 30 April 14
FREIGHT MARKET FOR DRY BULKERS STILL REMAINS WEAK - INTERMODAL
One week after the Easter holiday and the celebration for the resurrection of Christ, everybody expected to see a similar sign of a revival in t ...
Tuesday, 29 April 14
Q4 SUB-BIT INDONESIA COAL SWAP CLOSED US$ 1.07 HIGHER COMPARED TO Q2 DELIVERY PRICE
COALspot.com: Indonesian coal swaps for average Q2’ 2014 gain on month and on week according to AsiaClear OTC coal swap's reports rele ...
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- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- The University of Queensland
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
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