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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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Showing 3726 to 3730 news of total 6871 |
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- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
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