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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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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 ha ...
Friday, 11 November 11
PETROCOM ENERGY PLANS $40M TO BUILD COAL PLANT IN CILEGON - JP
The Jakarta Post reported that, Hong Kong-based Petrocom Energy Ltd has unveiled plans to invest up to US$40 million on a proposed coal-blending fac ...
Friday, 11 November 11
GOVT WAITS LEGAL DECISION ON BUKIT ASAM, ADARO DISPUTE - JP
The Jakarta Post reported that, The government says that it will not interfere in the settlement process of the dispute between state coal miner PT ...
Thursday, 10 November 11
INDONESIAN REFERENCE COAL PRICE FELL AGAIN
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the November 2011 Indonesian Coal Reference Price for thermal coal at U ...
Tuesday, 08 November 11
COAL MINER ABM INVESTAMA PLANS $290M PUBLIC OFFERING - JG
The Jakarta Globe reported that, ABM Investama, an Indonesian coal miner controlled by the Hamami family, plans to raise as much as Rp 2.6 trillion ...
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- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- MS Steel International - UAE
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- The University of Queensland
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