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Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadily falling, trimming the gains achieved during the past couple of weeks. Yesterday, the BDI was down by 0.42% to 1,428 with Capesizes once again on the downside. The Baltic Capesize Index (BCI) fell by 1.89% to 1,767. By contrast, the only positive tone in the market at the moment is the Panamax segment, which recorded gains of 2.42% yesterday to 1,903 points. Brokers indicated that ship supply is still weighing down in the market, with each single event in terms of cargo supply, being enough to send rates on a falling pattern. Vale’s deployment of the first in many of the world’s largest carriers, the so called Very Large Ore Carriers (VLCOs), able to carry 400,000 tons, isn’t also helping the situation.
Earnings for panamaxes, which usually transport 60,000-70,000 tonne cargoes of coal or grains, have more than halved since the same period last year said Reuters in a story. Brokers said coal cargoes from Australia and Indonesia to China was providing some support, although gains were capped by slower grains activity out of South America. It went to mention that operators were watching for further signs that China's economy was slowing, given the dry freight market's dependence on Chinese imports, especially of coal and iron ore.
In its latest weekly report, shipbroker Fearnley’s said that the Capesize market “cold water is again coming out of the shower for owners as spot levels fall due to softening demand - average daily earnings down 10% w-o-w to come in at USD 10k. In Atlantic, fronthaul activity is cooling down, although rates not yet dramatically affected. The sudden lack of transatlantic trade is more felt, with a resultant drop of almost 30% to an estimated USD 10k/day.
Far East remains challenging and keeps hovering around OPEX levels – low USD 7k´s for rounds and uninspiring USD 7.50 pmt for the Dampier/Qingdao conference trade. As forward paper prices give no support at present, period activity has come to a halt after a handful of units were concluded for short and medium periods - exemplified by 174kdwt/blt 2006 done for 12 months at USD 11k and 169kdwt/blt 2009 done for 4-6 months at USD 10500, both basis prompt delivery in Far East” said the report.
In the Panamax market, “after a slow end to last week and even slower start to this week, the market improved on Tuesday in both hemispheres. The Atlantic saw several fresh cargoes fm USEC and ECSA, and in the Far East the upturn came due to fresh coal cargoes from Aussie and Indonesia to China. Now, at mid week, we are again at a crossroad with the players not sure where the market will be heading. We see some more interest in period deals now, and seems chrts feel the rates at ard USD 14k are interesting for twelve months. Atlantic rounds are getting fixed at ard USD 16k while front hauls are being fixed in the low/mid USD 20k´s. Pacific rounds are being fixed around 13.5/14k while the backhauls are getting fixed around USD 6k´s” said Fearnley’s.
As for the smaller ship types, the report mentioned that it’s been a fairly quiet market across the board with another flat week/stagnant rates in store. “Nevertheless, tonnage is thinning out in the Black Sea for the second half of June which might give some improvement on rates. Little activity on the Continent. USG remains stable on the back of regular petcoke exports. In the ECSA more cargoes are programmed for the second half of June thus look for better rates there in near future. The Pacific market is falling further with less activity. For Indo-India, Supras in North China are getting close to 10k. Nickel-ore rounds are getting firm rates in low-mid teens from Indonesia. WCI-China rates slided to 13k and from ECI around 12k. Red Sea, ferts on Handymax/Supras are fixed at very mid 20´s pmt on voyage basis to WC India. Large Supras for RBCT/India round now asking 14k. Period deals done at 14-15k for large Supras” concluded the report.
Source: Nikos Roussanoglou, Hellenic Shipping
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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 pe ...
Monday, 04 April 11
INDONESIA INTERNATIONAL CONFERENCE FOCUS ON INDONESIA'S ECONOMY (IICFIE) 2011 MASTER PLAN TO ACCELERATE THE ECONOMIC DEVELOPMENT
Press Release - Since couple of years, Indonesia's economy show impressive growth. What is the Indonesia's Economic Corridor and the Master plan t ...
Saturday, 02 April 11
TNPL CALLS FOR 160KT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure another 160,000 MT +/- 5 percent of Non-Coking imported C ...
Saturday, 02 April 11
THE FREIGHT MARKETS LIKELY TO BE SOFT NEXT WEEK - VISTAAR SINGAPORE
COALspot.com - The freight market softened this week affecting all sectors with BDI down by 65 points (down by 4.10 pct) and closed at 1,520 points. ...
Friday, 01 April 11
SUPRAS EX RICHARDS BAY COAL TERMINAL TO INDIA HOVERING AT $ 25 - 27.00 PMT - FEARNBULK
Handy
Atlantic markets remain stable with more activity from the Black Sea to FEast paying in the mid 20´s on Supras. The USG remains firm p ...
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- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
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