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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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Tuesday, 26 July 11
UT'S SALES COULD REACH TO 8000 UNITS BY THE END OF 2011
COALspot.com - Sales of Komatsu heavy equipment in the domestic market in the first half of 2011 rose 59 percent to 4333 units compared to the same ...
Monday, 25 July 11
INDONESIA STATE ELECTRICITY COMPANY HAS BURNED 19 MMT OF COAL FOR FIRST HALF OF 2011
COALspot.com - Indonesia's State Electricity Company and other IPPs have burned 19 million tons of coal for first half of this year said,Pamudji Nu ...
Monday, 25 July 11
AKR CORPORINDO TO PRODUCE 0.3 MMT OF COAL BY DECEMBER
COALspot.com - PT AKR Corporindo (AKRA) began producing coal from its mine in Muara Teweh, Central Kalimantan. The company is targeting to pro ...
Sunday, 24 July 11
AN INDIAN PORT SETS A WORLD RECORD FOR CONVENTIONAL COAL DISCHARGE
COALspot.com - Krishnapatnam Port has set a World record for discharging 106,171 tons of steam coal in just 24 hrs using the conventional unloading sy ...
Saturday, 23 July 11
FAR EAST /SE ASIA ROUTE GAINED US$ 3000 HIGHER THAN LAST WEEK - VISTAAR
COALspot.com - The BDI further softened to by 2.22 pct and closed at 1323 points. The Cape and Panamax index also softened and closed at 1841 points ...
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- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Minerals Council of Australia
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Bangladesh Power Developement Board
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