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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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Friday, 02 December 11
DRY BULK CARRIERS BACK IN THE SPOTLIGHT AS MARKET SPEEDS UP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the tanker and container markets suffering dearly, it seems that the tide has once again turned in favor of the dry bulk carriers, despite over ...
Thursday, 01 December 11
DRY BULK MARKET RISES TO NEW HEIGHTS ON RENEWED DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept on rising this week, with the industry’s benchmark, the Baltic Dry Index (BDI) climbing to 1,846 points on Wednes ...
Tuesday, 29 November 11
SOUTH AFRICAN COAL INTO CHINA, THE ACTIVITY WAS SLOW - BRS
Capesize
The Capesize market in Atlantic stayed pretty firm last week with transatlantic rounds being fixed in the high twenties. Sentiment was les ...
Tuesday, 29 November 11
GOLDEN GATE BRIDGE OF INDONESIA COLLAPSED AT KUKAR, EAST KALIMANTAN
COALspot.com - A suspension bridge in Indonesia’s east Kalimantan province over the Mahakam river collapsed on Saturday, killing at least elev ...
Tuesday, 29 November 11
BUKIT ASAM SCOUTS RP3 TRILLION PROFIT - INSIDER STORIES
The state-controlled coal miner PT Bukit Asam Tbk (PTBA) expects to post a Rp3 trillion net income this year, reaching its target which is 50% above ...
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- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Minerals Council of Australia
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Bangladesh Power Developement Board
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