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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, 23 September 11
UT TO PRODUCE 7 MMT OF COAL BY 2012
PT United Tractors Tbk is targeting a 7 million tons of coal production next year, a 55.55% increase from 4.5 millions targeted this year, said Pres ...
Friday, 23 September 11
RECORD RECYCLING ACTIVITY STIRS OPTIMISM IN DRY BULK SAYS BIMCOS ANALYSIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As expected at the start of the year, dry bulk ship owners were expected to flock scrapyards around the world, in order to take advantage of attract ...
Friday, 23 September 11
PANAMAX EXPERIENCED A SOFTENING IN RATES - FEARNLEYS AS
Handy
Still a good boost of fresh cargoes entering the market. Vessels in Black Sea with GOA clearance and Baltic positions are fetching tick abov ...
Wednesday, 21 September 11
INDIA'S COAL IMPORTS FROM INDONESIA FALL, CHINA BUYS MORE
COALspot.com - Indian coal imports from Indonesia fall to below 6 million tons in August, and this fall was continuing last few months. Ho ...
Wednesday, 21 September 11
2ND ANNUAL SHALE GAS SUMMIT
2nd Annual Shale Gas Summit 31 October – 3 November 2011 JW Marriott Hotel, Hong Kong
According to a recent EI ...
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- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- The University of Queensland
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Sical Logistics Limited - India
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
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