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Thursday, 13 October 11
DRY BULK MARKETS RALLY CONTINUES, BUT ANALYSTS WARN IT WILL BE SHORTLIVED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market continued its push forward yesterday, for yet another session, as the BDI (Baltic Dry Index), the industry’s benchmark edged higher to 2,127 points, up by 1%, reaching more than 12-month highs. The main gainer was the panamax market, with a rise of 2.22%, while Capesizes also gained 0.35% to reach 3,485 points.
According to the latest weekly report from shipbroker Fearnley’s, referring to the Capesize market, it said that “last week fixing activity in the Pacific was active with one mayor in particular picking up many vessels despite the Chinese being on holiday. Rates pushed up from the mid usd 10´s into the low usd 11´s. As the market got going this week the rates continued with the entrance of other miners to the market pushing the rates further to a high of usd 12.35. Being a premium to the front haul level, something had to happen, and as a result the front haul Brazil/China has risen from usd 26 level to usd 28.50, and looks to move even further. The Index has kept pace with the market and has risen over 14% for the week to 3486. On the period front it has been relatively quiet as the paper (derivatives) market has not reflected owners´ expectations” said the report.
In a separate market report, Shiptrade Services mentioned on the Capesize market that the “week began slowly, but market increased as a result of tight tonnage supply in the Atlantic.
In the Atlantic basin, market moved higher since there were some cargoes left since last week, and there was tight tonnage supply. At week’s closing Transatlantic round concluded at USD 36.000 per day, while on the Fronthaul trips, levels concluded at USD 52.000per day.
Activity in the Pacific basin remained at good levels. Indian came into the market, along with South Africa that remains an active area, so Owners had some available options. Rates for Pacific round concluded at USD 22.750 per day basis N.China delivery, while on the Australia/China trade, about 10 vessels got covered at levels between USD 10.60 – 11.25pmt” said Shiptrade.
On the Panamax front it said that the market moved higher as new cargoes emerged the market, but tonnage supply was tight. “In the Atlantic market still remained the driving force, especially the USG, as new cargoes were coming into the market and there was not enough tonnage supply to cover. At week’s closing, rates for Transatlantic round concluded at USD 16.000 per day. On the Front haul trade rates concluded at USD 27.000 per day. Activity in the Pacific was also good as many vessels were ballasting towards the Atlantic, while some fresh cargoes came into the market. At week’s closing, rates for Pacific round concluded around USD 9.000 – 10.500per day basis N.China delivery, or close to USD 11.500per day basis S.China – S.E.Asia delivery. Rates for trips Ex NOPAC concluded at levels around USD 14.000 – 14.500per day basis N.china/Japan range for BPI type vessel (M/V Fortune Clover 77.430/06’)” said Shiptrade.
Similarly, Fearnley’s noted that “after a good last week, levels keep firming up for October loaders in Atlantic where rounds are in the 17´s for T/A and 27 for trip out. Climbing further in the Pacific basin where NOPAC buiz is done above 16k. Monsoon season is over, and India is coming back to the market. With only a few vessels in good position, rates above 20k have been reported on WCIndia/China cargoes. More tonnage is appearing in the Pacific but with a healthy supplement of fresh coal cargoes, levels are expected to keep steady. In Pacific a fairly high amount of short period fixtures has been done above 14k, but most owners seek to charter out their vessel for 4/6 mos only” said the Nordic shipbroker.
As far as the Supramax market is concerned, Shiptrade said that activity remained good in the Atlantic, but Pacific was quiet. “In the Atlantic basin, rates improved with USG region keeping the league. Rates ex USG for trip to East Mediterranean concluded at USD 26.000 – 27.000 per day, while for trips to F.East rates concluded at USD 35.000 per day. The Mediterranean/Bl.Sea market saw rates declining just a bit as there were not so many cargoes available, but only some grains to Egypt mostly.
In the pacific region, we noticed rates sliding as an effect of the Chinese holidays and there were not many parcels available in the market. Most of the available cargoes were for direction India, with fixtures reported at levels around USD 14.000 – 16.000per day basis delivery S.China/S.E Asia range” concluded Shiptrade.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 30 September 11
INDIAN IRON ORE MARKET GETTING ACTIVE - FEARNLEYS AS
Handy
The Atlantic market continued its strong trend with fresh cargoes entering the market. Vessels open US Gulf fixed tick above US$ 27k back to t ...
Friday, 30 September 11
KRISHNAPATNAM PORT WINS GLOBAL PORT & COAL PORT OF THE YEAR AWARDS
COALspot.com - Krishnapatnam Port, a dynamic new generation world class port located in the East Coast of India has been adjudged the winner in the ...
Thursday, 29 September 11
INDONESIA'S MINERS FACE AN UNCERTAIN FUTURE - RUPERT WALKER
An evolving regulatory framework for the country's minerals industry could threaten its profitability and stifle investment.
The five-year surge ...
Thursday, 29 September 11
DRY BULK MARKET FALLS MID-WEEK, FURTHER DROP EXPECTED NEXT WEEK ON CHINA HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected by the Baltic Dry Index (BDI) retreated by 0.36% yesterday reaching 1,920 points, with the Capesize segment suffer ...
Wednesday, 28 September 11
ATLAS RESOURCES TO SELL 25% STAKE IN IPO - INSIDER STORIES
Insider Stories reported that, coal producer PT Atlas Resources Tbk, that is controlled by Indonesian businessman Andre Abdi, plans to sell 783.33 m ...
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- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- ASAPP Information Group - India
- GMR Energy Limited - India
- White Energy Company Limited
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- The University of Queensland
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
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