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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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Tuesday, 20 September 11
MTD INAUGURATES ITS COAL TERMINAL IN JAVA ISLAND
Press Release – MTD Group of Malaysia, one of prominent key players in the development of infrastructure in Malaysia, today inaugurated their ...
Tuesday, 20 September 11
DRY BULK MARKET LOSING ITS EDGE, RETREATING AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a surge during the past couple of weeks, which saw Capesize earnings boosted and the BDI (Baltic Dry Index) reaching levels of year high and c ...
Monday, 19 September 11
CHINA IMPORTS MORE THAN 10 MMT INDO COAL IN AUGUST 2011
COALspot.com - Indonesian coal exports dropped 1.642 million tons in August compared to July exports. Indonesia exports 29.662 million tons of coal ...
Monday, 19 September 11
INDOMOBIL ENTERING INTO COAL MINING BUSINESS
COALspot.Com- PT Indomobil Sukses Internasional Tbk, part of, one of Indonesia's largest conglomerates, to enter into mining industry ac ...
Sunday, 18 September 11
THE COAL IMPORTS TO INDIA, OUT OF INDONESIA LIKELY TO PICK UP - CAPT. REDDY
COALspot.com - The freight market continued the upward trend until midweek almost touching 2,000 points, however towards second half of the week the ...
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- Bangladesh Power Developement Board
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- The University of Queensland
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Planning Commission, India
- Aditya Birla Group - India
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
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