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Friday, 12 August 11
CAPESIZE DEMAND HELPS LIFTING OF DRY BULK MARKET - HELLENIC SHIPPING NEWS
 The dry bulk market has recovered a small fraction of its lost ground this week, with higher returns as a result of increased capesize demand. This triggered similar increases in other segments as well, most notably the panamax one.
Yesterday, the Baltic Dry Index (BDI) was once again up by 0.95% to 1,277 points, as a result of another increase of the Capesize market by 1.44% this time, which saw the BCI (Baltic Capesize Index) rising to 1,836 points. Panamaxes were also up by 1.35% to 1,501 points.
According to the latest weekly report from Fearnley’s “the fall in the Cape rates stopped towards the end of last week and started to move sideways, if not slightly upwards. This upward trend was supported by a major miner artificially fixing at higher rates on Friday last, despite owners willing to fix below their bid. This, for reasons only know to the miner in question. This week started with rates falling back to around the USD 8.00 mark, down from a high of USD 8.25, for the West Australia /China leg. The Brazil to China leg was fueled by this activity as fewer vessels set off in ballast towards Brazil and as such the rates have moved upwards towards the USD 20.00 mark. The transatlantic market has remained soft and is not showing signed of increased activity. On the period front, only a few short deals have been struck at just over USD 10k daily” said the shipbroker.
In a separate analysis, Piraeus-based shipbroker Shiptrade Services mentioned that “it was a week of mixed feelings across Atlantic and Pacific basins as we noticed an increase on the cargo volume, but on the other hand the high level of tonnage supply was enough to prevent the market from pushing forward. In the Atlantic we could see an increasing number of cargoes going to F. East, and levels closing at USD 19.30 – 19.50 pmt basis Tubarao/Qingdao. Transatlantic trade was not so strong and Owners had to discount their levels in order to secure employment. As a result, Transatlantic round closed around USD 9.000 - 9.500 per day. In the Pacific region, there was some activity with the iron ore majors covering around 15 vessels. This cleared out a large amount of the prompt tonnage supply. Rates started from USD 7.70pmt and moved higher up to USD 8.25pmt during week’s closing basis W.Australia/China” said the shipbroker.
On the Panamax front, it said that “activity remained in good levels but rates moved downwards in the Atlantic, while remained steady in the Pacific. In the Atlantic rates softened just a bit with rates for Transatlantic round concluding at USD 14.000 per day. On the Fronthaul trade, there were not too much of activity and rates dropped around USD high teens/low twenties per day for trips ex Continent/Med, while the ECSA/F.EAST trade, concluded at levels around USD 22.000 plus USD 400.000 ballast bonus. In the Pacific there is still a high level of tonnage oversupply. Rates for Pacific round were done around USD 8.000-8.500 per day basis N. China delivery, while rates for trips ex NOPAC moved at levels below USD 10.000 per day basis delivery N.China/Japan range. (M/V Lowlands Nello 76.830/04’)” said Shiptrade.
Referring to the Panamax market, Fearnley’s mentioned that it “continued its summer dull this week as well. However it seems that rates have found their logical bottom - at least in the Pacific basin. This week we also saw more cargoes entering the market in the Atlantic and seem rates are stabilizing here as well. The period market has been more or less non-existing the last couple of weeks, but it was reported one 1-year deal being done at USD 12k basis delivery Singapore. The fronthaul market is hovering around USD 21k while the transatlantic rounds are fetching around USD 13/14k. In the Pacific the rounds are being fixed in the region of low 8k and the backhauls around USD 3/4k” said the shipbroker.
Finally, Shiptrade’s comments on the Supramax market was that “rates fell in the atlantic, but Pacific was slightly better. In the Atlantic region, the Continent/Mediterranean market remained quiet with a few supra’s reported fixed around USD 4.000 per day for cargoes to USG, while scrap stems ex Continent to Mediterranean sea were done at USD low mid teens. Rates for Transatlantic round remained around USD 14-15.000 per day. Fixtures for trips to Far East remained at USD high teens - 20.000per day, for GOA traders ex Mediterranean. On the ECSA/F.East market fixtures reported at levels around USD high teens - 20.000per day basis W.Africa delivery, or otherwise USD very low twenties + 400.000 ballast bonus.
In the pacific, Indonesia remained the driving force with coal to China. Rates for Pacific round improved a bit close to USD 10.000per day, while trips ex Nopac were performed around USD 9.000-10.000 per day basis N.China delivery (M/V Mykali 55912/11’)” it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 19 August 11
AUSTRALIAS' ATH TO ACQUIRE 60% OF APUAH COAL MINE IN INDONESIA
COALspot.com - Australian listed company, Atech Holdings Limited (ATH) has entered into a conditional binding term sheet to acquire 60 percent stake ...
Friday, 19 August 11
INDIA IMPORTS LESS INDONESIAN COAL THAN CHINA IN JULY
COALspot.com - Indonesia shipped 31.30 Million tons of coal in July 2011, up by 10.69 percent compared to June's export of about 28.27 ...
Thursday, 18 August 11
INDONESIAS PROPOSED LOW GRADE COAL EXPORT BAN WILL NOT HAVE A SIGNIFICANT IMPACT ON INDIA - MISWIN MAHESH
COALspot.com - The Indonesian government is currently in the process of drafting a new regulation that could ban the export of low-grade coal by Jan ...
Thursday, 18 August 11
MARUBENI ACQUIRED 42.86% OF YTL JAWA POWER
COALspot.com - Marubeni Corporation (Marubeni) has completed the acquisition of 42.86 percent of the shares of YTL Jawa Power Holdings BV from YTL P ...
Wednesday, 17 August 11
CME LAUNCHES ARGUS COKING COAL SWAP FUTURES
COALspot.com - Argus media reported that, leading exchange CME Group will list an Australian coking coal swap futures contract for trading on the Ny ...
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- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Planning Commission, India
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Economic Council, Georgia
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- PTC India Limited - India
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
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