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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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Sunday, 16 April 23
CHINA JUGGLES FOUR MAJOR ECONOMIC CHANGES IN 2023 - WOOD MACKENZIE
Change is afoot in China. Economic growth is slowing, while rising political tensions between China and the US, coupled with global supply chain re ...
Sunday, 16 April 23
CHINA'S MARCH COAL IMPORTS JUMP TO 3-YEAR HIGH - REUTERS
China’s coal imports surged in March to their highest in any month over the past three years as utilities increased purchases on expectations ...
Sunday, 16 April 23
OPEC KEEPS WORLD OIL DEMAND GROWTH OUTLOOK UNCHANGED
The OPEC Reference Basket (ORB) declined in March by $3.43, or 4.2%, m-o-m to average $78.45/b. The ICE Brent first-month contract fell by $4.33, o ...
Sunday, 16 April 23
CHEAPER SPOT LNG PRICES TEMPT SOME ASIAN BUYERS AMID SUPPLY GAINS - REUTERS
Cheaper spot prices for liquefied natural gas (LNG) are luring price-sensitive buyers back in Asia, with China and India recording rising imports i ...
Tuesday, 11 April 23
COAL USE CLIMBS WORLDWIDE DESPITE PROMISES TO SLASH IT - AAP
The burning of coal for electricity, cement, steel and other uses went up in 2022 despite global promises to phase down the fuel that is the bigges ...
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Showing 106 to 110 news of total 6871 |
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- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- PTC India Limited - India
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- MS Steel International - UAE
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- VISA Power Limited - India
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
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