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Thursday, 24 May 12
DRY BULK MARKET RETREATS ON LACK OF CHINA DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market retreated yesterday on the back of lower Chinese demand for commodities such as coal and iron ore, typically hauled by dry bulk carriers. Yesterday, the industry’s benchmark, the Baltic Dry Index (BDI) was down by 2.4% to 1,100 points, with the Capesize segment losing the most, as the Capesize Index was down by 63 points or 3.93 percent to 1,539 points.Commenting on the Capesize market, shipbroker Fearnleys noted that “the number of ballasters is increasing and the Tubarao/Qingdao rates has been dropping steady throughout the week. Last done is USD 20 pmt, and it seems some owners are now prepared to face the sub 20 level for this trade. Furthermore, the ballasters from the Far East are to a larger extent competing with the Atlantic tonnage for USEC/St Lawrence cargoes. West Australia-China rates have been flat around the 7.70 mark whilst period activity is inactive but levels remaining around 12k for a year” said the shipbroker.
On the Panamax market, Fearnleys noted that “last week ended with a bullish sentiment from owners with predictions of tight supply for Atlantic tonnage. This took a turn this week with an extremely slow Monday, low activity and a growing list of available ships in the Atlantic. Owners are gradually willing to look at fronthaul as Atlantic is weakening. The indices have slowly been declining, but the general sentiment is even more bearish than the indices reflect assisted by a falling forward curve. Despite more coal cargoes out of USG and USEC for direction India/Feast and the Continent, the number of ships is outnumbering the cargoes. The Tarv´s are being fixed in region of USD 10-12k depending on duration and trade. In the Pacific we see the same tendency with rates slipping for all trades and a Pac round is now paying around USD 7.5k. The period market has somewhat vanished with little being done” it mentioned.
Meanwhile, in the Handy/Supra markets, Fearnleys stated that the “Supra market continued with the same pace as last week. Skaw/Passero deliveries fixed towards US Gulf were paid around USD 5k, while US Gulf fixtures concluded tick below USD 24k for UK/Cont direction. Fronthauls was hovering around USD 19k p/d. Pacific market has been weak and falling due to lot of prompt available ships and lack of cargoes. For Indo- India, large eco Supra now fixed at USD 7k + BB USD 80k bss APS Indonesia. Nickel ore cargoes are not seen in market anymore due to on-going Indo ban which has again taken away cargoes and putting pressure on market. Nopac also fixed under USD 9k dop Japan. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 10k and ECI-China around USD 7k. Some ECI Supras have been ballasting to pick up Indo cargoes as well. RBCT rv fixed at APS USD 11k + BB USD 350k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 10k for large Supra” it concluded.
In a separate note, Shiptrade Services, a Piraeus-based shipbroker noted on the Supramax market that “the USG market is recovering in this size range with many fresh coal and scrap requirements in the market. The lack of tonnage in W Med and W Africa led the rates upwards The rates basis aps USG / ECSA closed well above 20,000 and we also learned that tonnage was fixed for trips via W Africa to Far East at USD 20000. The short period rates closed at USD mid teens levels depending on delivery , speed/cons figures etc. On the contrary the rates in the Pacific dropped heavily like in the Panamax market. The market turned pretty quickly to an aps market whereas the week before all supramax chartereres were rating vessels in china basis delivery dop for Aussie or NOPAC rounds. The Indonesian market also softened with Nickel ore round rates closing at USD 8000 basis delivery South China whereas Coal rounds closed at usd 6,500-7,000 depending on vessel’s particular, delivery etc. The backhaul rates closed at USD 6-7000 region depending on delivery and redelivery” it noted.
On the Handysize market, Shiptrade said that “in the Atlantic, the round voyage improved with rates ex ECSA to Med/Continent at USD 18,000 levels basis aps, a USD 1,000 increase than the week before. Coastal Latin America trips that will keep the vessels in the area were being fixed at USD 13,500 while USG was paying USD 17,500 for Continent/Med direction. Intra Med cargoes were done at USD 7,250 via Black Sea to Spain Med and orders ex Black Sea to USG and ECSA remained once again at very low levels. Trips from Continent to West Africa were fixed at USD 10,500. Pacific remained stable with a slight increase in numbers with the round voyage at around USD 8/8,500. Log cargoes via Australia to China and some short trips at North China/Korea range were on better levels around USD 9,000. The iron ore and coal cargoes ex Malaysia to China were paying USD 15/16 pmt leaving owners with low T/C equivalents. Backhaul trips were done at USD 8,550 levels, mainly with bagged rice ex SEASIA to West Africa. Periods were fixed at around USD 9,000 levels which was much improved compared to last week’s numbers” the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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Showing 26 to 30 news of total 6871 |
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- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Planning Commission, India
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
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