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Thursday, 14 July 11
DRY BULK MARKET KEEPS FALLING ON WEAK CAPESIZE SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market kept on retreating on Wednesday, with the Baltic Dry Index (BDI) falling to 1,383 points, from 1,411 of the previous day. Capesizes have been the main losers, with the Capesize Index moving down to 1,965 points, from 2,022, while additional pressure came to them market from the Panamax segment which also lost some ground yesterday. It’s more than obvious that it will take a lot more scrapping of older vessels and a much more stronger demand for commodities around the world, to make for the incredible rise of newbuilding deliveries, which have overweighed the market since the end of 2010.
In a recent update, US-based analysts at Commodore Research & Consultancy said that “Capesize rates have come under pressure as we anticipated. In recent weeks, we alerted clients that capesize rates would likely come under pressure due to our anticipation of a lull in Chinese iron ore demand, and also due to the continued delivery of a large amount of capesize newbuildings.
Chinese iron ore fixtures have come under significant pressure as we anticipated. 10 vessels (including 5 capesize vessels) were chartered to haul iron ore to China last week. The previous week saw 21 vessels chartered to haul iron ore to China (all 21 vessels were capesize vessels). Chinese iron ore demand has remained low this week and more capesize newbuildings continue to enter the market. As a result, capesize rates are coming under pressure” said Commodore. In a latest article, Reuters mentioned that according to traders dry bulk freight rates were expected to remain subdued in July on the back of the Indian monsoon season, which will most likely reduce iron ore exports from India. Also China may import lower volumes of iron ore due to its current high level of inventories.
In its latest weekly report, shipbroker Fearnley’s referring on the Capesize market, mentioned that “after a short period where owner seems to be deciding the direction and rates kept improving, the air suddenly was out of the balloon end last week. So far this week the big ones have not appeared in the market for West Australia/China, resulting in rates dropping from usd 8.65 to usd low 8s (based on sentiment and lack of fixtures). The front haul rates have however remained steady arnd usd 20.50 bss Tub/Gd, but expected to decrease as less West Australia fixtures resulting in more ballasters. Period marked is steady, with short period rates arnd usd 12,000 dly” said the report.
On the Panamax front, Fearnley’s said that “overall the market is suffering from low activity and a bearsih sentiment where Charterers are holding back to book. North Atlantic rates remain realtively flat above the mid teens with a fine balance between fresh requirements and open positions. In the South Atalntic the almost stable 25 + 500 level gradually seems to disappear as the area clearly is suffering from an increasing number of ballasters from the east. In the Pacific the trend from last week continues. Levels in the 9,000 area and fresh buisines mainly represented by some coal from Indonesiea to China. Otherwise low activity and volumes for more open positions in the Far East. With a slowly sliding FFA market and summer holidays in Europe coming, the forecast is not exactly thrilling” said the shipbroker.
As far as the smaller Handy sector, “business from USG to Cont/Med farily healty but nervous going forward.Overall the Atlantic activity is on the low side with a negative undertone as number of open positions seems to increase. Some shortage of tonnage in the South Atlantaic with the same trend as further north – rates are softening. Pacific market remains quiet. For Indo-India, supras in South China are getting close to 10k. Nickel-ore rounds are getting firm rates in low teens. Very quiet on iron ore front due to monsoons as WCI-China, rates slid to 10k and from ECI around 9k. Little Indian tonnage seen ballasting to Indonesia and RBCT. As a result, RBCT biz fixed on APS at around 20k. Red Sea, ferts on handymax/ supras are fixed at very mid 20´s pmt on voy bss to WC India. Period deals done at 13k for large supras” said the report.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 20 October 11
CAPESIZE - TUBARAO /QINGDAO BEING FIXED AT STRONG US$ 29.75 PMT
Handy
The Atlantic market is quite steady, and market seems to be around the same levels as last week. Fewer fixtures reported though. ...
Thursday, 20 October 11
BRACKEN INTERNATIONAL MINING LISTS ON FRANKFURT STOCK EXCHANGE
Press Release - Bracken International Mining (Code:1BM) listed on the Deutsche Börse’s Frankfurt Stock Exchange today at €1.00 with ...
Thursday, 20 October 11
CAPESIZES, SUPRAMAXES LEAD GAINS FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Struggling to find additional support, but still managing to post gains, the dry bulk market has stabilized itself on higher levels again yesterday, ...
Wednesday, 19 October 11
METALLURGICAL COAL PRICES TO DROP BELOW US$240/TONNE - WOOD MACKENZIE
Wood Mackenzie Says Metallurgical Coal Prices to Drop Below US$240/tonne by Q4 2012 But Long-term Demand Fundamentals Remain Robust
Wood Mackenzi ...
Wednesday, 19 October 11
SUPRAMAX MARKET WAS VERY FIRM LAST WEEK - BRS
With all sectors contributing positively, the BDI ended the week at 2,173 points (+8.6%), its highest level so far in 2011. The BCI stood at 3,587 ( ...
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- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Australian Coal Association
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
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