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Tuesday, 29 November 11
DRY BULK MARKET BEGINS WEEK ON HIGHER NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Contrary to what had been the case during the past few weeks, this one began on a high note for the dry bulk market, with the Capesize sector pulling higher and the BDI (Baltic Dry Index) ending up by 0.11% to 1,809 points. As mentioned, Capesizes edged forward to rise by 1.12% to 3,083 points (Baltic Capesize Index), bringing the average daily rate up to $26,196. By contrast, the Panamax market balanced out – in a large part – this increase, with the Panamax Index falling by 1.34% to 1,770 points. Similarly, Handysizes have kept on being weak, with the relative index standing now at just 664 points, shedding an additional 0.63%.
In its latest weekly report, Paris-based shipbroker Barry Rogliano Salles (BRS) said that the Capesize market in the Atlantic stayed pretty firm last week with transatlantic rounds being fixed in the high twenties.
Sentiment was less optimistic towards the end of the week. There were a few Fronthauls from Saint Laurent, also fixed at firm levels, which kept the Atantic market reasonably with TC equivalents hovering around the US$50,000 mark. On the Pacific front, the market was a bit less active and pacific rounds were negotiated in the low/very low twenties time charter equivalent. West Austr-r/v were being fixed at 10.80 level for December lifting and for prompt requirements, rates reported were closer to US$12 pmt mark. South African Iron ore stems into china were reported being fixed in the mid-high US$19’s pmt.
For South African Coal into China, the activity was slow as the Chinese stockpiles figures are on the high side. There was also some short period activity with large 180,000t units being fixed in the US$17,500/ 18,000 for a year and roughly same levels for short period said BRS in its report.
Meanwhile, on the Panamax front, the shipbroker noted that it was a fairly lackluster week all in all with the Panamax 4TC closing at US$14,431, coming off just a touch - US$109/day w-o-w. We saw a marginal drop if US$56/day in the Atlantic w-o-w and US$695 in the Pacific whilst FH nudged up US$568/day. Even though tonnage remained tight the Atlantic took a downturn as negative sentiment prevailed due to a clear lack of fresh cargoes entering the market and limited fixing taking place. The FH remained steady over the front end of the week with a few fixtures being reported including a 2001 built Panamax at US$27,000, which equated to a BPI equivalent of about US$28,300, however by end of the week the momentum of the past weeks had eased. The Pacific softened throughout the week as open tonnage climbed on top of limited cargoes in the market placing further downward pressure. Future prices also declined over the week with modest volumes prevalent overall. December and Q1 contracts lost 1.7% and 2.5% respectively, while Cal12 fell away 3.5% w-o-w. The period market remained steady however relatively inactive with very few reported fixtures. 3-5 months was done at US$12,500 levels and 4-6 months was close to US$14,000 said BRS.
Finally, on the smaller ship sizes of the Supramax/Handy markets, the report mentioned that the general impression was that the epidemic on rates in the East was fast drifting towards the Atlantic. This was slightly noticed in the ECSA market were a 58,000t spot achieved abt US$14,000 +BB from Ecsa to the continent while a similar size got US$12,000 from west Africa to the Black Sea. The US Gulf still maintained strong levels for vessels willing to go East as a 58,000t got about US$32,500 and a 52,000t saw abt 27,000 to the East Med. The Far East Market still witnessing a bottomless pit with modern ships going for a barely US$8,500 for an indo –China and same numbers was seen for indo-India trips. So far not that much improvement in the market to bring back the smile on owners faces. The Market still remain pretty much unattractive for the smaller sizes as a 30,000t went at US$6,000 for a Singapore-West Africa trip. An Imabari 28 went at US$5,000 for a Pacific round trip. The US Gulf a consoling Zone for the owners as we noticed an 34,000t going at abt US$19,000 for a trip to the continent and similar size saw US$16,000 for continent west Africa voyage. Some owners manage to hide from the cyclones faced in the spot market and gave out their ships for period which how ever paid significant premium over the spot market. A 53,000t went at US$12,500 for a 3-5 months period and similar number for a 56,000t that was fixed at about US$12,000 for a 4-6 months period. It was even more lower for the smaller sizes with a spot modern 33,000t going at about US$7,800 for 4-6 months period concluded BRS.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 01 November 11
DRY BULK MARKETS CORRECTION SPILLS OVER ONTO NEW WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is losing steam, as evidenced by the falls experienced last week, which were also apparent at the beginning of the new week. A l ...
Monday, 31 October 11
CHINAS HUNGER FOR INDONESIAN COAL AT THREE YEAR-HIGH AS WINTER NEARS - JOSEPH KIRSCHKE
COALspot.com - Chinese demand for power-station coal from Indonesia has soared to its highest level in three years, as central heating plants and po ...
Saturday, 29 October 11
ATLAS RESOURCES SEALS US$95 MIO LOAN - INSIDER STORIES
Insider Stories reported that, coal producer PT Atlas Resources Tbk, that is controlled by Indonesian businessman Andre Abdi, has secured US$95 mill ...
Saturday, 29 October 11
INDONESIA TO INDIA FREIGHT LIKELY TO REMAIN SOFT
COALspot.com - The market continued to slow down and all segment were down this week.
The biggest drop was in the Cape Index down by 8.19 pct&nbs ...
Friday, 28 October 11
RISING COAL PRICES TO WORSEN CHINA'S WINTER POWER CRUNCH - CRI ENGLISH
CRI English reported that, the rising price of coal is fueling concerns about a power crunch set to plague China this winter, analysts said.
The ...
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- CNBM International Corporation - China
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Medco Energi Mining Internasional
- The University of Queensland
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
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