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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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Tuesday, 22 November 11
NTPC TO BUY 2 MMT OF IMPORTED COAL FOR ITS FOUR PLANTS
COALspot.com - NTPC Limited, incorporated in 1975 as a public sector company wholly owned by Government of India, the largest thermal power generati ...
Tuesday, 22 November 11
ABM INVESTAMA SETS IPO AT RP 3,750
Insider Stories reported that, Integrated energy company PT ABM Investama Tbk has determined the IPO price at Rp3,750 (approximately US$ 0.415) per ...
Tuesday, 22 November 11
A SURPRISINGLY STRONG WEEK FOR THE CAPES - BRS
Positive gains for most of the segments this week, the exception being the Handysizes. Overall the BDI ended the week at 1,895 points (+3.3% week-on ...
Tuesday, 22 November 11
APPETITE FOR DRY BULK VESSELS SLOWS DOWN AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was down at the beginning of the week, as demand for Capesize vessels was particularly low. The industry’s benchmark, the ...
Monday, 21 November 11
CAPESIZES DRIVE MARKET LOWER, ANALYSTS DIVIDED ON DRY BULK OUTLOOK IN THE LONG RUN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market ended the week on a sour note, with the industry’s benchmark heading downwards to 1,895 points, which represented a slight ...
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- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
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