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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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Thursday, 02 June 11
LARGE SUPRAS FOR RBCT/INDIA ROUND ARE NOW ASKING 14K - FEARNBULK
Handy
The Handy/Supra market has in general been flat and un-exciting this week. The Black Sea market is almost non existing while the US Gulf mar ...
Thursday, 02 June 11
DRY BULK SHIP OWNERS LOOKING INTO SHORTENED WEEK WITH ANXIETY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With most markets in the western world closed yesterday, as a result of Memorial Day, dry bulk stakeholders weren’t able to build over the pos ...
Monday, 30 May 11
MIANG BESAR COAL TERMINAL ON TARGET
COALspot.com - MBCT, to be largest coal terminal in Asia to start construction in Indonesia’s east Kalimantan Island in July 2011 says Mr. Joh ...
Sunday, 29 May 11
THE FREIGHT MARKET CONTINUED TO GAIN MOMENTUM - VISTAAR
COALspot.com - The freight market continued to gain momentum and the BDI, Cape Index and Panamax was by up almost 10-12 pct and on all sectors, Vist ...
Saturday, 28 May 11
WCI-CHINA RATES SLIDED TO 15K AND FROM ECI AROUND 12K - FEARNLEYS AS
Handy
Rates in the Atlantic remain steady/flat with the Black Sea remaining quiet with little fresh enquiries. The Continent is seeing more tonnag ...
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- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
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