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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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Saturday, 17 September 11
GVK ACQUIRES HANCOCK COAL AND INFRASTRUCTURE FOR US$ 1.26 BILLION
COALspot.com - GVK group, India’s leading infrastructure developer,confirmed arrangements for the acquisition of a strategic part of large, hi ...
Saturday, 17 September 11
INDIA'S GVK ACQUIRES HANCOCK COAL AND INFRASTRUCTURE PROJECTS IN AUSTRALIA
COALspot.com - GVK group, India’s leading infrastructure developer, today confirmed arrangements for the acquisition of a strategic part of la ...
Friday, 16 September 11
DELTA DUNIA MAKMUR REMOVED 30.9 MILLION BCM OVERBURDEN IN AUGUST 2011
COALspot.com - PT. Delta Dunia Makmur Tbk has removed 30.9 million bcm (+13.2% YoY) overburden in August 2011 while coal production was at 2.9 ...
Thursday, 15 September 11
RUSSIAN COAL EXPORTS UP 10.9% IN JAN-AUG TO 71.50 MILLION TONS - PORT NEWS / HELLENIC SHIPPING
Port News reported that, Coal exports from Russia in January-August 2011 grew by 10.9% compared with the same period last year, to 71.50 million ton ...
Thursday, 15 September 11
INDIAN GOVT PLANS TO DEVELOP 9 NEW MAJOR PORTS BY 2016 - INVEST MONEY / HELLENIC SHIPPING
The government has announced to make a investment of more than Rs 22,000 crore (approximately US$ 4,623,791,331) to develop nine new major ...
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- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- GMR Energy Limited - India
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Minerals Council of Australia
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- White Energy Company Limited
- Independent Power Producers Association of India
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
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