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Thursday, 23 June 11
DRY BULK MARKET KEEPS EXHIBITING SIGNS OF WEAKNESS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market seems to be unable to climb at new highs this week, showing signs of weakness, across most ship types. Yesterday, the Baltic Dry Index (BDI) was down by 0.21% to 1,406 points, with panamaxes falling by 1.62%, while Capesizes were stronger, rising by 1.31% to 1,859 poins (Baltic Capesize Index).
According to shipbroker Fearnley’s latest weekly report, in the Capesize market there were “continuous spikes in the Pacific with rates upto USD 8 pmt for West Australia/China being fixed end last week, however charters quickly managed to control the development and got rates down to 7.75-7.85 range. This is still the going rate after a 2 digits number of fixtures concluded at these levels so far this week. In the Atlantic the owners turned more bull after a good number of fresh enquiries last week, but for this week rates have remained steady. However, a shortlived improvement is expected. Period marked is unchanged, with short period rates around low 10,000s”.
In a similar report, Shiptrade Services mentioned that “the week commenced with the transatlantic rates on high pressure, and we could see a BCI type vessel fixed at USD 6.000 per day. During Tuesday we saw some new stems into the market and a couple of vessels fixed at levels around USD 10.000 per day, which seems to be the new benchmark for this route. In the Brazil-China route we could scarcely see any fixtures reported. In the Pacific, the market was more active. In the Australia – China route we saw about 10 vessels fixed for this trade, and rates fluctuating between USD 7.50 pmt – USD 7.85 pmt” said the shipbroker.
On the panamax market, Fearnley’s said that “the Panamax market and especially the Atlantic basin continued to soften this week. The tonnage list is increasing and the fresh cargoes are lacking. Transatlantic business are being fixed at ard USD 16,500 about USD 1,500 down from last week. We still see a healthy demand from ECSA with grains for direction Feast and the rates are stable at ard USD 24,500 daily bss Cont/Med delivery. Apart from the somewhat healthy fronthaul market, both hemispheres are softening with prompt open vsls popping up which again has a negative influence to the rates. For Pacific rounds the vsls are being fixed in the region of USD 13,000 while the backhaul business has been quiet. The period market has been fairly active with a couple of short periods being reported at ard USD 15k with Feast delivery and a one year deal was concluded at USD 13,375 daily” the shipbroker mentioned.
In its report on the Supramax market, Shiptrade said that “in the Atlantic region rates remained in the same levels like the week before with a high demand ex USG and ECSA. We witnessed a fixture ex USG to Feast on a modern vessel, M/V Jin Zhou (50.000 DWT/01’) fixed at USD 28.000per day for trip to F.East. Rates for fronthaul trade were at levels around USD 20-21.000 per day bassis delivery W.Africa, and rates for Transatlantic round is around USD 15-16.000 per day. In the pacific the week began with a big difficulty and softening rates. It has been reported a 57.000DWT vessel fixed delivery S.Korea for a trip via Australia back to china for USD 9.500 per day For trips ex Nopac, a 53.000 DWT vessel has been reported fixed at USD 9.500 per day + 335.000 ballast bonus bassis aps Nopac. Demand for Nickel ore carries is still here, but rates have also softened a bit. Vessels are fixed around USD 12.000 per day bassis delivery N. China”, concluded Shiptrade.
Finally, on the smaller Handies front, Fearnley’s sees signs of a good balance between cargo/tonnage, but a more uncertanty the coming week as ballasters are entering the Atlantic basin from South Africa/India range. “The Pacific market is a bit busy with increase in Indo-India activity. For Indo-India, Supras in North China are getting close to 11k. Nickel-ore rounds are getting firm rates in low-mid teens. Very quiet on the iron ore front due to monsoons, WCI-China rates slided to 11k and from ECI around 9k. Few ECI tonnage seen for Indo-India biz at usd 12k. Red Sea, ferts on Handymax/Supras are fixed at very mid 20´s pmt on voyage basis to WC India. Period deals done at 14-15k for large Supras” concluded the shipbroker’s report.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 12 July 11
INDONESIAN MINERS PLAN $70M INVESTMENT TO UPGRADE QUALITY OF COAL - THE JAKARTA GLOBE
One of the leading english language news paper in indonesia, the Jakarta globe reported that, as the government implements a ban on the export of po ...
Tuesday, 12 July 11
DRY BULK MARKET BEGINS WEEK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was evident by the end of the previous week, the dry bulk market’s growth momentum was about to lose steam, something proven yesterday, whe ...
Monday, 11 July 11
REFLECTIONS ON THE FLEET REACHING ONE BILLION TONNES - CLARKSONS / HELLENIC SHIPPING
“A billion gross tonnes of shipping” has a nice ring to it. It presents the industry as a business of substance, with its 85,000 ships w ...
Sunday, 10 July 11
UNTR PROVIDES US$100 MIO TO TTA - INSIDER STORIES
PT United Tractors Tbk (UNTR) agreed to allocate US$100 million to its coal subsidiary dubbed PT Tuah Turangga Agung (TTA).The US$100 million was pa ...
Sunday, 10 July 11
HARDLY ANY CARGO FROM WC INDIA UNTIL END OF MONSOONS - VISTAAR
COALspot.com - The BDI continued to hold last week and firmed up by 27 points with cape and panama index supporting the BDI.
The BDI closed at 1, ...
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- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- The University of Queensland
- Samtan Co., Ltd - South Korea
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