We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 29 December 11
NEW VESSELS DELIVERED ARE FLOODING THE OCEANS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As expected 2011 has been the year that newbuilding deliveries peaked and kept "flooding" the market, thus supressing freight rates and er ...
Tuesday, 27 December 11
MINERS MAKE CASE FOR RESUMING CONTRACT NEGOTIATIONS - THE JAKARTA POST
The Jakarta Post reported that, problems with the renegotiation of mining contracts in the country are far from over, as agreements on several cruci ...
Tuesday, 27 December 11
COAL SHIPMENT OF TIANJIN PORT REACHED 6.72 MLN TONNES IN NOVEMBER - STEEL HOME / HELLENIC SHIPPING
Tianjin port shipped 6.72 million tonnes of coal in November, decreasing 600,000 tonnes versus 7.32 million tonnes in October, while up 21.09% or 1. ...
Tuesday, 27 December 11
NEW CLAUSE PUBLISHED FOR SLOW STEAMING - BIMCO
Many owners and operators faced with high bunker prices are considering implementing slow steaming regimes to save fuel and to assist with capacity ...
Monday, 26 December 11
NEW EXPORT TAX PLAN GREETED WITH PRAISE AND CRITICISM - THE JAKARTA POST
The Jakarta Post, one of the Indonesia's leading english news paper reported that, both praise and criticism showered the government’s plan t ...
|
|
|
Showing 4911 to 4915 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Planning Commission, India
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- PTC India Limited - India
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- The University of Queensland
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
|
| |
| |
|
