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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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Thursday, 30 June 11
DRY BULK MARKET SHOWS SIGNS OF FURTHER WEAKENING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems to be unable to shake off the additional supply of vessels, an oversupply issue of grave concern that would have occured e ...
Wednesday, 29 June 11
ANOTHER STRONG PERFORMANCE BY CAPESIZE - BRS
Another strong performance by the Capesize market this week, bringing the BCI up 8% to 1,974 points. However the Panamax market was penalised, losin ...
Monday, 27 June 11
THE IRON ORE IMPORTS BY CHINA SEEMED TO SLOW DOWN - VISTAAR
COALspot.com - The BDI was holding as previous week and was just up by 1 point and closed at 1424 points end of last week. The biggest gain was ...
Friday, 24 June 11
THE INDONESIAN GOVERNMENT WILL NOT EXTEND ALL EXPIRED MINING CONTRACTS - JAKARTA UPDATES
The Indonesian Government have decided not to extend all mining concessions under the scheme called Contract of Work and instead will take over the ...
Friday, 24 June 11
BERAU EYEING 70 PERCENT GROWTH IN EBITDA
Indonesia's coal producer PT Berau Coal Energy Tbk (BRAU) is eyeing a 60 -70 percent growth in EBITDA to US$ 560 million-US$595 million this year. ...
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- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- The University of Queensland
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
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