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Tuesday, 05 April 11
DRY BULK MARKET DOWN ON FIRST DAY OF SECOND QUARTER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market began the second quarter on a downward pattern, with the industry’s benchmark, the Baltic Dry Index (BDI) shedding 1.45 percent and ending the session down to 1,498 points, or about half of where it stood a year back.
The biggest losses were recorded in the panamax front, which lost 1.87%, while the Capesize market was also down by 0.73 percent. Last week, the BDI closed at 1,520 points, with Capesize still earning just $10,554/day, while the smaller in size Panamax ship types were averaging a substantilly higher $15,463 on a daily basis. The even smaller Supramaxes have proven more resilient, earning their owners a daily average of $15,795.
According to the latest weekly report from BRS (Barry Rogliano Salles), there was a general slide in rates this week, with the Panamax and Supramax markets affected by a slowdown in South American grain exports. Meanwhile the previous week’s re-appearance of Japan in the market did not have much of an impact this week and the Cape market came off slightly. In the iron ore market, China’s efforts to control more of the ore trade are starting to take effect with the China Mining Association claiming the country will manage 200m tons in overseas ore by 2014, up from 110m tons this year. The Association also predicted domestic iron ore production will grow between 6% and 8% this year, up from 1.07bn tons of iron ore in 2010 (itself a near 22% increase on 2009). Confirming the trend to extend its reach overseas, this week Wuhan Steel confirmed it would begin mining ore at its Liberian Bong mine in 2012. Initial capacity will launch at 1m tons/year, though the company has plans to expand it to 10m tons/year.
“Activity levels were relatively high in the Cape market this week, but again the sheer number of vessels available for hire kept rates at the same level. We have now seen 80 Capesizes of 13.5m dwt (ships >83,000 dwt) delivered in the first three months of 2011, compared to 60 vessels of 10.9m dwt in the equivalent period in 2010. Friday-to-Friday the BCI fell 13 points to 1792, while the four time charter average finished the week at US$10,554. In the period market, levels also remained stable, with an 180,000 tonner fixed at US$16,000 per day for 11-13 months trading, delivery ex yard in China” said the report from the Paris-based shipbroker.
As for the Panamax markets, the Far East area was quiet and the few spot coal cargoes out of Indo and Australia were mainly fixed under contract. In the Indian Ocean, iron ore exports slowed down too and Panamax tonnage was fixed from WCI to China at US$15 pmt, down from US$16 pmt a week ago. This weaker market pushed many ships to ballast into the ECSA basin, pushing down this market and the TA round lost more than US$1,000 to close at around US$15,000 per day. We noted however that some quick TA rounds were fixed at well below those levels. The short period market logically eased too by more than US$1,000, and BPI index vessels are now getting between US$15,000 and US$16,000/day.
In terms of S&P activity, the week ended with 27 sales reported in the secondhand and demolition market posting a 42.5% negative w-o-w change with buying sentiment being centered again both on bulkcarriers and tankers said a separate report from Golden Destiny. The highest activity has been recorded in the secondhand market, while the newbuilding market these last two weeks remains on low levels.
“In the secondhand market, 20 vessels reported to have changed hands this week equalling a total amount of money invested in the region of US$ 280,95 million, however six of the reported deals were at undisclosed prices. In terms of reported number of transactions, the S&P activity has been marked with a 20% negative w-o-w change, while is down by 37.5% comparable with previous year’s weekly S&P activity when 32 vessels induced buyers’ interest with bulk carriers again grasping 31.25% share of the total volume of S&P activity. In terms of invested capital, the tanker sector continues to appears to be the most overweight representing almost 80% of the total invested capital this week.
In the demolition market, it was a quiet week with just 7 vessels reported to have been headed to the scrap yards of total deadweight 261,467 tons. In terms of reported number of transactions, the Demolition activity has been marked with a 68 % negative w-o-w change, while in terms of deadweight the weekly negative change was around 40%. In terms of scrap rates, the highest scrap rate has been achieved this week by India for a general cargo vessel that seems to obtained $ 483/ldt, with Bangladesh being again out of the market since the situation still remains uncertain.
The Greek presence this week was noticeable both in the secondhand and the newbuilding sector. In the secondhand market 2 transactions appeared in the frontline, one in the Capesize sector and one in the VLCC sector, both from well-known players of the industry, while in the newbuilding sector the investments were centred in the bulkcarrier, gas tanker and once again container sector. The total invested capital remains unknown since no prices have been
revealed for the majority of the transactions” concluded Golden Destiny’s report.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 13 April 11
CAPESIZE VESSELS ARE DELIVERED AT A PACE OF ONE NEW VESSEL EVERY SECOND DAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a clear sign that it will take a significant rise in global seaborne dry bulk trade in order to be able to absorb the flurry of new building tonn ...
Sunday, 10 April 11
SOFT FREIGHT MARKET TREND LIKELY TO BE CONTINUED - VISTAAR SHIPPING
COALspot.com - The freight market continued to soften further with the BDI breaking the 1,500 points and closing at 1376 points down by almost 10 pc ...
Thursday, 07 April 11
HANDY RATES SLIDING NOW - FEARNBULK
Handy
Slowly softening rates as more tonnage is accumulating in the Atlantic basin.The trans-Atlantic round is around $15k pd with trips to ...
Thursday, 07 April 11
DRY BULK MARKET PLUNGING EVEN FURTHER ON LOW CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its falling pattern this week, with every day proving to be painful for ship owners, especially those of the large ...
Thursday, 07 April 11
INDIKA BUYS MITRABAHTERA AT US$ 0.183
PT Indika Energy Tbk (INDY), integrated energy company, today has exercised an option agreement to acquire 51% shareholding in newly listed coal tug ...
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Showing 5311 to 5315 news of total 6871 |
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- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- The University of Queensland
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- MS Steel International - UAE
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
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