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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, 16 June 11
FREIGHT MARKET FAILS TO RECOVER - DREWRY / HELLENIC SHIPPING
With demand failing to improve enough to contain the colossal increases in supply, the dry bulk freight market stayed near the dreadfully low levels ...
Thursday, 16 June 11
VALLAR CONTROLS 84.7 PERCENT STAKE IN BERAU COAL - INSIDER STORIES
Insider Stories reported that, London-based investment company Vallar Plc, via its subsidiary dubbed Vallar Investments UK Limited, today announced ...
Wednesday, 15 June 11
INDONESIA NEW COAL POLICY WORRIES INDIA POWER FIRMS - MYDIGITALFC
Tata Power, Adani group, Lanco Infratech and Reliance Power, among other Indian coal importers, are waiting to assess the impact of the Indonesian g ...
Wednesday, 15 June 11
BAYAN RESOURCES OWNS 56 PERCENT KANGAROO - INSIDER STORIES
Australia-listed coal miner Kangaroo Resources Limited (KRL) has obtained final approval from its shareholders to complete its US$277 million acquis ...
Wednesday, 15 June 11
DRY BULK MARKET WEAKENS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite this time of year traditionally being one of the busiest for the dry bulk market, it seems that in the post-crisis era trade patterns are co ...
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- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Australian Coal Association
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- White Energy Company Limited
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Heidelberg Cement - Germany
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