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Thursday, 24 November 11
DRY BULK MARKET KEEPS LOSING STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market was lower once again on Wednesday, with the industry’s benchmark, the Baltic Dry Index (BDI) ending the session down by 1.29% to 1,830 points, still higher than the levels of the past summer. Yesterday, demand was lower for all types of dry bulk carriers, with Capesizes losing 2% and Panamaxes another 0.38%, while downward pressures were also evident on smaller sizes.According to the latest report from Shiptrade Services, despite yesterday’s fall, all in all the Capesize market experienced a positive week. “Atlantic basin was active but most of it was for the Fronthaul trips. Rates for Transatlantic rounds concluded at USD 29.000per day, while on the Fronthaul trade, rates for trips to F.East, levels concluded at USD 54.000per day. On the Tubarao/Qingdao trade rates began from USD 26.40 pmt early week, and eventually concluded at USD 28.00pmt. In the Pacific basin, there was a high level of activity from the iron ore majors but rates. At weeks end, rates for the Australia/China trade concluded at USD 11.00pmt, while on TCT basis, rates for Pacific round concluded at USD 21.000 per day basis N.China delivery” said the Piraeus-based shipbroker.
In a separate report, Fearnleys mentioned that it´s been a trend lately that Mondays starting off extremely quiet, with a negative sentiment. Over the last weeks, however, rates have improved throughout the week. That is not the case this week, with negative index every day. West Australia rv was done at USD 12 by BHP for early ships, whilst index presently is USD 10.9 pmt, approx 0.2 behind actual market. Tubarao/Qingdao is presently at high 27s, the route that has proved to be the most sustainable this week. However iron ore prices are dropping and rates may be expected to drop further said the shipbroker.
On the Panamax market, Fearnleys said that the Panamax market has experienced a steady and firm tendency on volumes and levels this week until Wednesday. Especially the Atlantic market has experienced a rate climb with prompt cgos being covered at more than last done. The reason for the short lived upturn was lack of prompt tonnage and charterers holding back to hit the bottom, just to experience the opposite. The tonnage list is increasing for December dates, and it seems the mid week softening may continue slowly into next week. The TArvs are now being fixed in region of USD 16/17k, front haul at 26k levels. In the Pacific still some healthy fixtures being concluded with Indo coal and also increasing shipments out of Aussie, although a weakening trend. The Pac rounds are being fixed at around USD 12k. A more active period market this week, 1-year concluded in the low/high 12´s depending on design and short periods at around 14k said the report.
Shiptrade Services, referring to the smaller dry bulk ship sizes said that «after a week of declining rates, the Supramax market seemed to be stabilizing. In the Atlantic basin, still USG region pays the most with rates for trip to continent/East Mediterranean remaining at USD high 20’s per day, while for trips to F.East rates concluded at USD mid 30’s per day. On the Mediterranean/Bl.Sea region we witnessed an increase at rates towards F.East at USD low 30’s per day. Cargoes ex Continent to USG or ECSA were willing to pay around USD 10.000per day, while rates for the usual scraps to East Mediterranean were around USD low 20’s per day. Pacific basin saw rates increasing slightly. Positions in S.China/S.E.Asia interested for Indonesian coal to China were fixed at rates around USD 6-7.000per day. On the other hand, for the N.China positions, a few cargoes ex NOPAC concluded at rates of USD 8.000per day” said Shiptrade.
Finally, on the Handysize market, the same stabilizing trend was evident. «In the Atlantic region we could see the usual cargoes from East Mediterranean/Bl.Sea but there were not many vessels in the area. Rates for trips to F.East concluded at 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 Services.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 13 December 11
CAPESIZES AND PANAMAXES LEAD DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched closer to the 2,000 mark on Monday, with Panamaxes rebounding firmly and leading the gains. As a result, the industry&rsq ...
Monday, 12 December 11
DRY BULK MARKET LOOKING FOR BALANCE AS WE ENTER 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
During the past few months, freight rates for dry bulk carriers, especially Capesizes have increased significantly, providing ship owners with a muc ...
Sunday, 11 December 11
THE PANAMAX INDEX ENDED ON POSITIVE DIRECTION - VISTAAR
COALspot.com - The BDI and Cape index continued the upward trend this week also with BDI up by 3.00 pct closing at 1,922 points and Cape index up by ...
Saturday, 10 December 11
MAHAKAM RIVER RESUMES COAL TRANSPORTATION
COALspot.com - East Kalimantan local government has resumed limited coal barging through Mahakam River after two weeks of suspension following the c ...
Friday, 09 December 11
DRY BULK MARKET REBOUNDS ON HEALTHIER DEMAND OUTLOOK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged forward yesterday, at the highest rate of the past couple of weeks, as a result of stonger iron ore demand, backed by lowe ...
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- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- The University of Queensland
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
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