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Saturday, 12 November 11
DRY BULK MARKET REGAINS SOME OF THE LOST GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market managed to edge forward yesterday, putting an end and halting the losses accumulated over the course of the past weeks, which have seen the market’s benchmark, the Baltic Dry Index (BDI) reaching a seven-week low.
Yesterday the BDI ended at 1,802 points, up by 43 points. The main reason for this recovery was a rise of the Capesize market, by 170 benchmark points to 2,993, with average daily rates reaching $45,000. Still, all other market segments were down yesterday.
Referring on the Capesize market, shipbroker Fearnleys said that the “market spiraled downwards last week and remained quiet on Monday due to a holiday in Singapore. Rather than depressing the market further, the lull in fixing in the Pacific enabled the owners to show more resistance, and the Index stopped falling. The spread in time charter return for the front haul vis-a-vis the Pacific round voyage could not be maintained and several uncovered prompt front haul cargos secured a renewed confidence in the market resulting in an increase in the rates. There is some speculation that the increase in the Pacific activity we have seen is on the back of an increase in the iron ore prices, which have fallen considerably in recent months. There has been very little activity on the period market this week” said Fearnleys.
In a separate report, Piraeus-based shipbroker Shiptrade Services said in its weekly analysis that the “week began same as last week ended, with lack of cargoes in the Pacific, forcing owners to lower their levels or start ballasting towards the Atlantic, which affected the rates in that region too. Rates for Transatlantic rounds concluded at USD 29.000 per day, while on the Fronthaul trade, rates for trips to F.East, levels concluded at USD 41.000per day. On the Tubarao/Qingdao trade rates were under pressure as an effect of the ballasters from the Pacific, and at week’s closing rates concluded at USD 24.00 pmt.
In the Pacific basin, the iron ore majors came into the market again, but the cargo volume was not enough to cover all the available tonnage, even though there were some coal cargoes ex S.Africa or W. Canada, and soon Owners began competing in order to find business. At weeks end, rates for the Australia/China trade concluded at USD 9.75pmt, while on TCT basis, rates for Pacific round concluded at USD 18.000 per day basis N.China delivery” said Shiptrade, commenting on the Capesize front.
On the Panamax market, Shiptrade said that “rates slightly dropped as the available tonnage started building up and could not see many new cargoes. In the Atlantic basin, the USG market remained the driving force, but seems like it started loosing steam. Rates for trips ex USG to F.East concluded at USD 26.000+600.000 GBB basis APS USG, while for trips to East Mediterranean fixtures reported at USG 15.750per day + 375.000GBB. Rates for Transatlantic round concluded at USD 17.000, and rates for Fronthaul trips concluded at USD 25.000per day. In the Pacific basin activity remained low without many coal cargoes ex Indonesia, and those Charterers who had firm requirements were waiting for rates to drop further. At week’s closing, rates for S.China/S.E.Asia positions interested for Indonesia round, concluded at USD 12.500 – 13.000per day. Positions at N.China/Japan range interested for trips ex NOPAC fixed at rates of USD 11-12.000per day” mentioned Shiptrade.
Regarding the Supramax market, it followed the same trend, with less cargoes, but some areas were more attractive. In the USG region rates for trip to Continent/East Mediterranean remained steady close to USD high 20’s per day, while for trips to F.East rates concluded at USD low 30’s per day. On the Mediterranean/Bl.Sea market we could see grains/fertilizers/steels going to USG or Continent, and Charterers wanting to pay around USD 7.000 per day. Cargoes ex Continent to USG or ECSA were willing to pay around USD 10.000per day, while rates for trips to East Mediterranean were around USD 10.000 per day.
Pacific basin experienced a poor week with rates dropping for all directions, and still many Charterers preferred not to move. Some fixtures concluded to direction India but levels were fluctuating between USD 8.000 – 10.000 per day. On the other hand, for the N.China positions, a few cargoes ex NOPAC concluded at rates of USD 11.000 per day” said the report.
Finally, on the Handysize front, Shiptrade said that rates also kept sliding. “In the Atlantic region we could see the usual cargoes from East Mediterranean/Bl.Sea to F.East at rates around USD low 20’s per day, while for trips to USG or ECSA rates were at USD 5-6.000 per day. Ex ECSA there were not many cargoes available, or not many cargoes firm and Owners thinking to ballast to other directions. In the Pacific basin, market remained quiet and tonnage building up with many vessels spot in N.China. There were some parcels of steels or cement/clinker at levels around USD 4-5.000 per day” concluded Shiptrade.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 02 November 11
MMTC TO BUY 3.73 MILLION TONS OF COAL FOR 2011- 2013
COALspot.com - India’s state-owned coal and mineral trader MMTC looking for 3.73 million tons of power plant coal for the period 2011 - 2012/ ...
Wednesday, 02 November 11
PANAMAX MARKET BECAME QUIETER AFTER THE RECENT RECOVERY - BRS
There were substantial losses across the board this week: the BDI lost 6.3% to end at 2,018 and the BCI 8.2% to end 3,274. In the smaller sizes the ...
Tuesday, 01 November 11
BORNEO LUMBUNG BUYS 23.8% INTEREST IN BUMI
COALspot.com - PT. Borneo Lumbung Energi (BORN), an Indonesian coking coal producer announces that it has signed a sale and purchase agreement, cond ...
Tuesday, 01 November 11
BAKRIE FORMS STRATEGIC PARTNERSHIP WITH BORNEO - REDUCING DEBT BY USD 1 BILLION
Press Release - Enhancing the standing of “Indonesia Inc.” at the London Stock Exchange PT Bakrie & Brothers Tbk (“BNBR” ...
Tuesday, 01 November 11
ATLAS RESOURCES SETS IPO AT RP1,500 - INSIDER STORIES
Insider Stories reported that, coal miner PT Atlas Resources Tbk has set its initial public offering (IPO) at Rp1,500 (approximately US$ 0.169) per ...
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- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- MS Steel International - UAE
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- PTC India Limited - India
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- The University of Queensland
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- The Treasury - Australian Government
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
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