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Thursday, 02 December 10
DRY BULK MARKET WEIGHED DOWN BY CAPESIZE BLUES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The negative sentiment currently undergoing in the capesize market has kept the dry bulk market’s benchmark, the Baltic Dry Index (BDI) on the “minus” area. Yesterday, the BDI ended down by 0.14% to 2,096 points, marking the fifth straight loss for the index. As it turns out, the gains witnessed in all other ship segments are offset by the negative impact of the capesize market.
According to a report released yesterday from Fearnley’s, there are currently hard times for capesize owners as levels – physically as well as derivatives – have dropped drastically across the board. “Spot demand is simply not enough to absorb the massive number of new entries that come in addition to the existing fleet. Average spot earnings down close to 25% w-o-w, coming in at around usd 26k. Pacific is hard hit in particular, with rates for rounds falling by almost 35% to usd 18k. Atlantic is holding up better, as the ballasters from Far East take most of the general beating – the North Atlantic tonnage/cargo balance is healthy in comparison. A few brave operators dare to book period tonnage despite the overall trend, with usd 28500 done just before diving into the abyss on 180kdwt/2009 for 12 months delivery China 5/15 Dec, also 172kdwt/2001 done for 3-5 months at usd 25k delivery retro China 14 Nov.
Uncertainty as to whether market about to find a floor or if this is turning into a complete collapse” warned Fearnley’s into what could become a very negative end to yet another turbulent year for the dry bulk shipping sector.Still, despite the Capes losses of 1.41% yesterday (on top of a near 6% loss the day before), all other smaller ship types appear on the upside, with Supramaxes proving to be the most resilient, as a result of increased coal trade. As for the Panamax market, it is now being fueled by some fresh orders and a lack of prompt tonnage, with the Atlantic market maintaining a positive trend this week.
Fearnley’s said that “TA rounds going in the low 20´s and Continent positions even able to reach mid 20´s. Fronthaul fixed at healthy 29k via Cape of G Hope. In the eastern hemisphere there is oversupply of tonnage and despite a fair amount of fresh coal requirements the market is sliding in the mid teen area. Short period market not very active, typically 4-6 months fixed at 18500. The sentiment has lost some optimism by the recent downturn in the Cape market and a slow decline on FFA´s – despite some signs of a recovery mid week. A relevant question is whether we are already facing a slow down for the coming X-Mas season” mentioned the shipbroker.
In earlier reports, this time from N.Cotzias Shipping Group, it appeared that the Handysize/Handymax era of troubles could very well be over. The Piraeus-based shipbroker said that what is worth mentioning is the stop of the very long constant falling run of the Handies that had recorded more than 34 days of negative Baltic Exchange sessions. During the course of the previous week, the first gains were recorded, while things have also kept improving during this week as well. Cotzias said that the Handies had experienced a two month fall, that reduced the relative Baltic Exchange’s index by more than 300 points and in percentage terms more than 30%.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 07 January 11
SRI LANKA NEW PORT TO OFFER SHIP FUEL IN MAY - LBO
LOB reported that, The Sri Lanka Ports Authority (SLPA) plans to start bunkering or ship fuel operations at a new port in southern Hambantota in May ...
Friday, 07 January 11
DRY BULK MARKET ON A FREEFALL, AS THE NEW YEAR EARLY DAYS DONT BRING MANY CHEERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is facing its worst slump in more than two years, falling by 4.75% yesterday to reach 1,544 points, on top of an additional 4.2% ...
Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra ...
Thursday, 06 January 11
BANPU EXPECTS ROSY 2011 AS COAL PRICES SKYROCKET - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, expects minimal impact from the production stoppage at its Daning mine in China ...
Thursday, 06 January 11
COKING COAL CONTRACT PRICE MAY RISE 33% ON AUSTRALIAN FLOODS - BLOOMBERG
Bloomberg reported that, Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years ...
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- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
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