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Thursday, 21 June 12
DRY BULK MARKET ON THE RISE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market was on the rise once again yesterday, with the Baltic Dry Index (BDI), the industry’s benchmark, rising by 18 points, or 1.89% to 972 points. The Baltic's capesize index was up five points to 1,145 points, with average daily rates for capesizes up $66 at $3,486. The Baltic's panamax index gained 0.37 percent, with average daily earnings up $31 at $8,699. Average daily earnings for handysize and supramax ships were also up, at $10,111 and $11,980, respectively.
In its latest weekly report, shipbroker Fearnleys said on the Capesize market that “another dismal week passes with Cape rates falling marginally. There is resistance to a further fall, but this is related to the bunkers having stabilized, thus there is little or no room for a further fall. Talks of Major Japanese owners considering cold layup of parts of the fleet, is good news, but more will need to follow if the market is to improve. The major operators continue to roll over their fleets, redelivering expensive vessels, and fixing in cheaper ones, thus we see continued activity for short period, with big optionality spreads. Volumes in both iron ore and coal are good, but there are just too many ships entering the market” said Fearnleys.
In a similar report, Shiptrade Services mentioned that “in the Atlantic market, the fronthaul closed at USD 18,750 reporting a decline of USD 1,750 mainly due to the absence of fresh cargoes and the heavy competition of tonnage at the area. The same reason affected negatively Transantlantic round which ended up at USD2,750 recording a downfall of USD 500. The same negative sentiment prevailed in the Pacific basin with the Far East round trips closed at USD 4,000” it stated.
On the Panamax front, Fearnleys noted that “the European crisis is not over after the Greek election. Demand for coal and steel production is down considerably from last year in the Western hemisphere. Added by a question mark to Chinese imports both for coal and iron ore, the overall sentiment is not only affected by oversupply. The Atlantic is fine-tuned but toppish with a steady flow of fresh requirements and less open positions. Rates hover at 10k for a T/A round and 17k+ for a long trip out. Driven by SE Asian coal the owners finally get a better return in the Eastern hemisphere. 7-8k average for rounds and five figures obtainable for ECSA rounds basis India/Singapore range. Period activity is low but levels have come up to 9-10k depending on delivery and specs. Owners are reluctant to relet longer period despite a flat almost non-moving forward curve for the next 12 months” it stated.
Similarly, Shiptrade mentioned that “after the slow beginning of the week with lack of fresh cargoes and quite a few owners inevitably ballasting their vessels to Atlantic region, we saw some movement and a hint of pessimism mainly in the midweek with some very attractive rates. Transatlantic round closed at about USD 9,5/10,000 whilst fronthauls were fixed at levels of USD 17/18,000. In the Pacific basin this week started rather more aggressively. Indonesian and Australian cargo trading moved in satisfactory levels whereas NOPAC overall picture was not much positive in a continuation of last week’s low levels. However, we saw a respectful increase in the coal market on the Indo-South China route. As far as numerical terms are concerned, Indonesian and NOPAC rounds were fixed at the region of USD 5,5/6,000 and the period market also moved more or less at the same levels of USD 6,000” the Piraeus-based shipbroker noted.
Finally, on the Handy markets, Fearnleys stated that “slightly positive tendency for Supras in the Atlantic. Skaw deliveries fixed. Close to USD 6k, vs. low USD 5k last week for direction US Gulf. Return trips fixed USD 26k, up another USD 1k from last week. Fronthauls climbed steadily during the week, with prompt positions fixed USD 22k, up about USD 2k in a week. Rates for Supras open in SE Asia are firmer for prompt dates. Indo rounds can achieve USD 7-8k. A 57k dwt fixed USD 9k dop Thailand for an Indonesian coal cargo to EC India. Rates to WC India would be higher. There has been a force majeure declared at the iron ore loading port of Mormugao, which along with the prevailing monsoon will further pressurize rates. WCI-China rates are around USD 8k, slightly lower for S.African rounds, ECI-China rates are around USD 6.5k. Supras for short period is trading around USD 9.5k delivery China. Supras in the Red Sea are rating just under mid-teens for trip to India with ferts. There have been limited Nopac enquiries” the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 01 December 23
COAL MINERS GROUP EXPECTS INDONESIA’S 2023 COAL OUTPUT TO SURPASS TARGET - REUTERS
The Indonesian Coal Mining Association (ICMA) expects the country’s 2023 coal output to surpass the official target of 695 million metric ton ...
Friday, 24 November 23
COAL IMPORTS TO INDIA IN OCTOBER 2023 REACHED HIGHEST LEVELS IN NEARLY A YEAR AND A HALF - VESSELSVALUE, VESON NAUTICAL
In October, coal imports to India reached 13.8 mt in October 2023, according to Oceanbolt, a Veson Nautical solution, the highest level since May 2 ...
Friday, 24 November 23
COAL SHIPMENTS TO ADVANCED ECONOMIES DOWN 17% SO FAR IN 2023 - BIMCO
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electric ...
Friday, 24 November 23
INTELLIGENT COAL MINES CONTRIBUTE TO IMPROVING SAFETY STANDARDS - CHINA DAILY
Mechanization, automation and intelligent upgrades have contributed to improved safety in coal mines, though the level of development of intelligen ...
Friday, 24 November 23
WHY AUSTRALIA'S COAL MINES ARE GETTING BIGGER - IEEFA
Australia’s largest coal mines are getting larger. Mines in New South Wales (NSW) are ramping up production following the state’s recov ...
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- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Australian Coal Association
- Mercator Lines Limited - India
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
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