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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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Saturday, 23 July 11
PANAMAX MARKET FACED A LIMITED ACTIVITY IN ALL BASINS
Handy
Atlantic softening across all segments with little fresh enquiry ex Bsea/Cont/USG and ECSA. Trips to Far east remain healthy. More cargoes ex ...
Friday, 22 July 11
MARUBENI ACQUIRING 42.86% SHARE OF YTL JAWA POWER HOLDINGS
COALspot.com - Japan’s Marubeni Corporation acquisition 42.86% stake in YTL Jawa Power Holdings BV, which owns a 35% equity interest in Indone ...
Thursday, 21 July 11
INDIA IMPORTS 36.033 MILLION TONS OF INDONESIAN COAL TILL JUNE
COALspot.com - Indonesia shipped 28.27 Million tons of coal in June 2011, a 2.3 percent lesser than May export of about 28.962 million tons, I ...
Thursday, 21 July 11
COAL PRICES ARE AT US$ 120 A TONNE
COALspot.com - Indonesian coal production in 2011 is expected to reach 360 million tons or 5.8 percent higher than government's forecasts. The incr ...
Thursday, 21 July 11
DRY BULK RATES EDGE FURTHER DOWN ON WEAK MARKET SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell once again on Wednesday marking the ninth straight day of losses. The industry’s benchmark, the Baltic Dry Index (BDI ...
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- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
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