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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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Wednesday, 17 August 11
TAVESCO KILLARA ENERGY TO ACQUIRE COAL CONCESSIONS IN EAST KALIMANTAN
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 17 August 11
BUMI'S H1 UNDERLYING OPERATING PROFIT $62 MILLION
COALspot.com - Bumi PLC , posted underlying first-half operating profit of $62 million and production at PT Bumi Resources and PT Berau increased to ...
Wednesday, 17 August 11
SHIP OWNERS COULD FACE PAIN ON THE BACK OF GLOOMY ECONOMYS PREDICTIONS - HELLENIC SHIPPING
The latest market turmoil, coupled with the renewed risk of a global recession could very well signal more troubled times for ship owners of all shi ...
Tuesday, 16 August 11
CHALLENGER ENTERED INTO CSPA WITH PELANGI KERTANEGARA TO ACQUIRE 100% STAKE
COALspot.com - Challenger Deep Resources Corp., through its wholly owned subsidiary, P.T. Bestindo Energy, has exercised its option to purchase an a ...
Monday, 15 August 11
ADARO ENERGYS NET INCOME MORE THAN DOUBLES IN FIRST HALF 2011
COALspot.com - Indonesian’s second largest coal producer, Adaro Energy, booked net profit US$ 268 million in the first half 2011, rose two-fol ...
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- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Australian Coal Association
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Planning Commission, India
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Romanian Commodities Exchange
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
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