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Thursday, 01 December 11
DRY BULK MARKET RISES TO NEW HEIGHTS ON RENEWED DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has kept on rising this week, with the industry’s benchmark, the Baltic Dry Index (BDI) climbing to 1,846 points on Wednesday, up by 0.98%. Most notably, after a week of not much to cheer for, Capesize owners have now seen their vessels fetching rates of one-month high, with the Baltic Capesize Index (BCI) rising by an impressive 3.13% yesterday to reach 3,298 points.In its latest weekly report, commenting on the Capesize market, shipbroker Fearnleys said that "it has been a more active week with improving rates. It has been mainly spot activity in the Far East which has resulted in positive index every day. RTS, BHP and FMG all were in demand for early ships for West Australia to China and present levels are presently in the mid/high USD 12s. This has also resulted in improved fh rates; Tubarao/Qingdao presently in the low USD 28s. It is expected we are presently in the beginning of the last rush before Christmas, the question is for how long it will last" said the shipbroker.
Still, up until Monday it was a slow start with not much activity across both basins. According to a separate report from Shiptrade Services, "the Atlantic basin was not very active and levels softened, especially for the Transatlantic round. Rates for Transatlantic rounds concluded at USD 27.000per day, while on the Fronthaul trade, rates for trips to F.East, concluded at USD 48.000per day. On the Tubarao/Qingdao trade rates also dropped and eventually concluded at USD 27.25pmt. In the Pacific basin, there was higher level of activity from the Atlantic with the iron ore majors fixing around 10-12 vessels, and rates for the Australia/China trade fluctuating between USD 10.75 - 11pmt. On TCT basis, rates for Pacific round just slipped a bit and concluded at USD 20.750 per day basis N.China delivery" said the shipbroker.
Panamaxes were underperforming on Wednesday with the BPI (Baltic Panamax Index) losing an additional 1.31% on the day, to 1,727 points. Fearnleys noted that τhe Panamax market has experienced a steady but slow decline in rates since last week. In the Atlantic we see a steady flow of new cargoes entering the market, but to the same extent a growing list of available tonnage to lift same. Seems owners are more reluctant to take their vessels to the Feast and thus the Fhaul rates are picking up to the region of USD 26k while the Tarvs are being fixed in region of USD 15/16k. In the Pacific we still see a good amount of Aussie and Indonesian coal, but the list of available tonnage out numbers the cargoes, thus the rates are still slipping. Pac rounds are being fixed around 10/11k. The period market has been more active lately with some good longer period fixtures being reported. Levels are ranging between USD 12k and 12.5k depending on size and delivery for 12 months period” said the shipbroker.
Similarly, Shiptrade noted that after a week of improved activity, market turned into a negative sentiment. In the Atlantic basin there were not many fresh cargoes in the market and some Owners preferred to fix their vessels for 2 laden legs, while there were also some vessels ballasting towards USG. At week’s end, rates for trips ex USG to F.East concluded at USD 26.000+700.000 GBB basis APS USG, while on the standard Fronthaul rates concluded at USD 25.800per day. For those who preferred to remain in the Atlantic, rates for Transatlantic round concluded at USD 16.500per day. In the Pacific basin there were not many Indonesian coal cargoes and the available tonnage looking for employment was building up. Some stems ex Australia and Nopac came up and fixtures reported at USD 12.000 per day basis N.China delivery. Some vessels in S.China/ S.E.Asia claimed that they were holding USD 13.000 for one trip via Indonesia with coal” said Shiptrade.
Finally, on the Supramax front, the broker mentioned that “in the Atlantic basin, still USG region pays the most with rates for trip to continent/East Mediterranean remaining at USD mid/high 20’s per day, while for trips to F.East fixtures reported at USD low/mid 30’s per day. Rates for trips ex Continent/ Bl.Sea to F.East were around USD mid/high 20’s per day.
Pacific basin saw rates decreasing as there was not so much cargo volume to cover the tonnage supply, and soon the available cargoes covered. 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 around USD 8.000per day, while a few Owners willing to develop Indonesia round with coal could see around USD 4-5.000 per day” concluded Shiptrade.
Source:Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 12 October 11
CAPESIZE - A SURPRISE JUMP IN RATES - BRS
There was a surge across all sizes last week, resulting in the BDI gaining 101 points to end the week at 2,000 points (+5.3%). The BCI reached 3,218 ...
Wednesday, 12 October 11
CAPESIZE FREIGHT RATES BOUND TO RETREAT FROM 2011 HIGHS ON THE BACK OF TONNAGE OVERSUPPLY SAYS BIMCO
According to Nikos Roussanoglou, Hellenic Shipping, with the BDI (Baltic Dry Index) breaking yet another 2011 high yesterday and ending the se ...
Tuesday, 11 October 11
GLENCORE, SUITOR FOR BUMI PLC? - INSIDER STORIES
Insider Stories reported that, the largest commodities trader in the world, Glencore International Plc, is considering an opportunity to acquire a m ...
Tuesday, 11 October 11
RENUKA COALINDO BUYS JAMBI COAL
PT Renuka Coalindo Tbk, formerly PT Allbond Makmur Usaha Tbk plans to acquire PT Jambi Prima Coal holder of mining concession in Pauh, Sa ...
Monday, 10 October 11
MOZAMBIQUE CHANNEL TO BE THE NEW PIRACY HOTSPOT FOR THIS YEAR SAYS MARITIME SECURITY EXPERT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Mozambique Channel, as well as the entrance to the Persian Gulf, are expected to become some of the new pirate hotspots for piracy, says Richard ...
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- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Parliament of New Zealand
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Planning Commission, India
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- The University of Queensland
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Australian Coal Association
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
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