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Thursday, 28 April 11
BALTIC DRY INDEX NUDGES UP AFTER DAYS OF LOSSES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 After consecutive falls, the dry bulk freight market, as followed through the Baltic Dry Index, finally caught a breather yesterday, with the BDI managing to post small gains of 0.72% to reach 1,259 points. While, these levels are among the lowest this year and by far the lowest since the start of 2009, demand seems to be picking up recently, especially for thermal coal cargoes. As a result, the Panamax market, which had been severely suffering lately, finally managed to get up to speed and post increases of 2.05% on a daily basis, with the relative Baltic Panamax Index (BPI) reaching 1,392 points. On a similar note, the Capesize market ended on positive territory yesterday, reaching 1,566 points, up by 1.29%. Still, average earnings for the heavily oversupplied Capesize segment of the market, remain below break-even levels and well below this year’s forecasts by leading investment and shipbroker firms.
According to the latest weekly report from shipbroker Fearnley’s, as expected the end of last week was quiet for the Capesize sector, due to the Easter Holidays. “This working week started flat, but a flurry of activity on the Pacific drove the rates back up to the upper usd 7.00 mark for West Australia/China. Activity on front haul has been limited but a fixture has been reported at a usd 19.80 for Brazil/China which is a welcome rise on this route. Period has been dominated by owners re-fixing vessels prematurely redelivered off long Charters, thus pushing the level for 12 months down to usd 12k´s. Longer term charters have been concluded on 206kdwt vessels at usd 20k for 5 years. The Atlantic market remains very quiet despite low coal stocks on the Continent. The index has remained largely flat but with a slight positive trend” said Fearnley’s.
Commenting on the Panamax market it mentioned that it has been oversupplied with tonnage, both in the Atlantic and the Pacific lately, although activity picked up towards end of last week and cleared out some of the tonnage overhang. “The market remained nervous early this week as well, as most of Europe came back from Easter holidays. Rates in Atlantic remained more or less the same with TA´s around USD 10-12k, and fronthauls fixed in the USD 20k region. The Far East remained over-tonnaged with rates around 8-10k, but mid week activity and rates indicated signs of some recovery. Period business vague but all the way down to mid 12 for 4-6. The FFA market traded stronger and volumes fair” said the report.
As for the Handy/Supramax markets, “in the Atlantic, little changes in rates and a very quiet start to the week. Not many fresh enquiries - it seems Owners and Charterers try to figure out which direction the market will take. A further bank holiday on Monday, England, will surely affect the market with consecutive short weeks – traders will most probably stand by. We expect more enquiries to hit the market in the next weeks (from mid-May?) but will this be enough to stop it from declining and absorb the ever increasing spot tonnage in the Atlantic? The market will remain volatile and positional. Pacific market remains quiet. For Indo-India, Supras in N.China get close to 13k. WCI-China rates slided to 15k - from ECI around 14k, but few ships seen ballasting to Indonesia as not much cargoes ex-ECI. Red Sea, ferts on Hmax/Supras are fixed at very mid 20´s pmt on voyage basis to WCI. Not too much activity on short period as market bit volatile and speculative and hear index type vessels fixed at midteens” concluded the shipbroker.
It also noted the increased newbuilding activity during the past week. Fearnley’s reported increased investments in the container and LNG sectors. In total, 27 container vessels, plus options, have been contracted over the last two weeks. “Seaspan Corp. has placed a huge newbuilding contract at STX for 10 firm plus 10 optional 14,000TEU container vessels. This order comes only few weeks after ordering a series of 10,000TEU vessels at the Yangzijiang shipyard in China. We see great activity in the LNG sector and expect more orders to come over the next few weeks” said the report.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 05 May 11
PANAMAXES LEAD DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s benchmark, the Baltic Dry Index (BDI) managed to edge higher yesterday, rising by 1.81% to 1,292 points, in the first po ...
Thursday, 05 May 11
AKR NAMES KARUNIA AS COAL CONTRACTOR
Insider Stories reported that, PT AKR Corporindo Tbk has appointed PT Karunia Bumi Khatulistiwa as the contractor of coal mining concession in North ...
Tuesday, 03 May 11
DRY BULK MARKET OUTLOOK SEEN WEAK, AS SHIP OWNERS PILE UP MORE SHIPS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the Baltic Dry Index not trading yesterday, it’s worth taking a step back to see the current freight levels. First of all, capesizes and ...
Tuesday, 03 May 11
THE HANDY MARKET CONTINUED TO SLIDE DOWN - BRS
There were marginal increases in rates for the larger sizes this week, with the Cape index remaining stable and the Panamax index logging a 5% incre ...
Monday, 02 May 11
ADARO POSTS 11.7 PERCENT INCREASE IN REVENUES ON HIGHER PRICES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s second-largest coal producer, PT Adaro Energy Tbk, announced an 11.7 percent increase in net reven ...
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- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Indogreen Group - Indonesia
- CNBM International Corporation - China
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