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Friday, 17 June 11
DRY BULK BREATHES SIGH OF RELEAF ON RENEWED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has caught a sign of relief from the middle of the week onwards, as the BDI (Baltic Dry Index) increased once again yesterday, this time by 1.35% to 1,424 points, on stronger demand for Capesize vessels. The larger dry bulk ship type, which is also the most overweighed by tonnage oversupply, rose by an impressive 4.66% yesterday, with the Baltic Capesize Index reaching 1,796 points, closing in on Panamaxes, which were down by 1.31% to 1,952 points. The smaller in size Panamax segment has been outpacing Capesizes for some time now, in yet another sign that the dry bulk market has turned page in its pattern, together with high volatility, depending on demand moves and swings.
Referring to the Capesize market, the latest weekly report from shipbroker Fearnley’s said that “signs of life again after a week in the doldrums. Atlantic is heating up, with a sudden dramatic increase in transatlantic demand - too fresh to be reflected in levels concluded. Fronthaul volumes are stable at low volumes – rates unchanged w-o-w ie around usd 22k for fhaul trips, around usd 20/mt on the Tubarao/Qingdao ore run. Major miners steadily picking tonnage for iron ore Waust/China, but rates improved only marginally to some usd 7.80 pmt on the Dampier/Qingdao reference trade. Moderate period activity – exemplified by 169,000 dwt/built 2009 done for 12 mos at usd 10,500 and 17,6000 dwt/built 2010 done for 4/6 mos at usd 10,250 - both basis prompt delivery in Far East” said the report.
In the Panamax front, the shipbroker’s comment was “Hot for spot!”. It went on to mention that “June loaders for a still active ECSA grain season and Indonesian coal requirements have pushed the market in both hemispheres to be more comfortable than perhaps anticipated. Furthermore, increased mineral activity in the Atlantic improved opportunities for prompt positions, in particular on the Continent. Overall, the Panamax market maintains healthier levels than the bigger size at least for now. Transatlantic rounds in the USD 17,000 range, Fronthaul from ECSA typically 25,500 + 550 GBB. Pacific rounds in the mid teens with some stronger levels achieved for Indo rounds or trips to India. Period and forward market not affected much at all by the current lively spot market. The so called summer lull is not here – yet” it mentioned.
As for the smaller Handy ship types, Fearnley’s noted that “stable market in the Atlantic across the board with a ´good balance´ between tonnage and cargoes. More enquiries for the rest of June thus expect rates to firm up in the second half of the month but the element of uncertainty will be the effect from the important volume of ballasters coming from India/South Africa/PG. In the Pacific we have been seeing plenty of enquiries in the market. For short period business the level is around 15k per day. West coast tonnage may see close to usd 10k for trip to China with freight levels hovering between USD 15/17.00 pmt. Ec coast tonnage will compete for indo position with China business. Hmx/Spmx getting fixed at usd low/mid 20´s ex Rsea/India” concluded the shipbroker.
In a relative report, Reuters said that the outlook for dry bulk rates has been grim because ship supply has outpaced demand to ship commodities. The situation has been compounded by the deployment of a vessel owned by top iron ore producer Vale of Brazil, the first of the world's largest dry bulkers to enter the fleet. There were also expectations India's monsoon would reduce iron ore exports as rivers rise, hampering goods transportation. It also mentioned that brokers said the sheer pace of fleet growth especially in the larger capesize sector was set to cap gains in the coming months. They also mentioned that coal cargoes from Australia and Indonesia to China had provided some support to panamaxes.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 05 July 11
UNTR REVISES UP SALES TO 7,500 UNITS - INSIDER STORIES
PT United Tractors Tbk (UNTR), distributor of Komatsu heavy equipment and parent of PT Pamapersada Nusantara, has revised up its equipment sales tar ...
Sunday, 03 July 11
INDONESIAN GOVERNMENT HAS CLEARED 1509 COAL IUP'S AS CLEAR AND CLEAN
COALspot.com - The Directorate general of mineral & coal of Indonesia has cleared around 1,509 IUP holders (coal mining companies) as "clea ...
Sunday, 03 July 11
MONSOON IN INDIA PUSHED FREIGHTS UP FROM INDONESIA TO WC INDIA - VISTAAR
COALspot.com - The BDI continued to hold closing just 2 points below last week at 1,422 points which was supported by Cape index which was up by 71 ...
Friday, 01 July 11
BEN LINE OPENS A NEW OFFICE IN BERAU
COALspot.com - Ben Line Agencies has announced that it has opened a new office in the busy coal loading port of Berau in East Kalimantan increasing ...
Friday, 01 July 11
CAPESIZE RATES TO REMAIN DEPRESSED IN COMING MONTHS SAYS SHIPPING ORGANIZATION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a recent report, BIMCO reassessed that Capesize freight rates will remain in depressed territory in the coming months. Capesize Time Charter Aver ...
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- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- The University of Queensland
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Planning Commission, India
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
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