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Thursday, 08 December 11
CAPESIZES LIFT DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Capesize vessels yesterday helped lift the dry bulk market which had been falling since the start of the week on lower cargo demand. As a result the industry's benchmark, the Baltic Dry Index (BDI) was up marginally yesterday to 1,849 points. Capesizes were higher by 0.53% on the day, but apart from that, no other ship type was able to stage a recovery. This has been the case for some time now.According to the latest report from shipbroker Fearnleys, commenting on the Capesize market it said that there were "mixed signals as average spot levels for this segment improve 5% w-o-w to USD 29,600 but struggle to break the USD 30k/day-barrier. Significant Chinese congestion have put Australian miners under pressure to pay up for very prompt positions as ships delay and fall out of schedule - whilst just slightly later positions are ignored or at best valued at more than 5% less. Atlantic appears tight on prompt tonnage, with a resultant USD 31.50 pmt reported concluded for PDM/S.Korea. Paper values support increased period fixing, with relevant conclusions including 170k dwt China prompt for 4-6 months at USD 20k, 177k dwt China prompt for 12-18 months at USD 17k" said Fearnleys.
In a separate report, Shiptrade Services mentioned that "Capesize rates in the Atlantic basin increased as an effect of the improvement on the Fronthaul trips. Rates for trips to F.East concluded at USD 52.000 per day, while rates for Transatlantic round concluded at USD 29.500 per day. On the Tubarao/Qingdao trade rates increased at USD 28.80-29.00pmt.
In the Pacific basin, there was higher level of activity from the Atlantic with the iron ore majors fixing around 12-15 vessels, and rates for the Australia/China trade fluctuating between USD 11.30 – 12.50pmt, while some rumours saying that a few fixtures concluded close to USD 13.00 pmt. On TCT basis, rates for Pacific round also improved and concluded at USD 25.000 per day basis N.China delivery" said the Piraeus-based shipbroker.
Detailing the current state of the Panamax market, Shiptrade Services said that "the week began as previous week ended, with rates moving downwards. In the Atlantic basin there were not many fresh cargoes in the market and tonnage started building up. Many Owners preferred to fix their vessels for 2/3 laden legs at rates around USD 15.500-16.000 per day, 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+600.000 GBB basis APS USG, while on the standard Fronthaul rates concluded at USD 25.000per day. For those who preferred to remain in the Atlantic, rates for Transatlantic round concluded at USD 15.500per day.
In the Pacific basin there were not many Indonesian coal cargoes and the tonnage availability was getting larger day by day. Some vessels in S.China/ S.E.Asia claimed that they were holding between USD 8.000-10.000 for one trip via Indonesia with coal. On the other hand, we witnessed some fixtures reported ex N.China for a trip via Nopac at rates between USD 10 - 11.250 per day, while rumours say that another vessel was fixed USD 12.750 per day basis N.China delivery ( Calipso, 73.691/05’)" said Shiptrade in its report.
Meanwhile, Fearnleys mentioned that "the Panamax market has experienced the same steady but slow decline in rates as 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. Tarvs are being fixed in region of USD 15k while shorter Baltic rounds are being fixed at around 16k. In the Pacific rates are sliding and Indo rounds getting fixed at very low rates and even below USD 10k. The period market has been less active this week with a huge gap between owners and charterers, but some interest has been shown for index linked deals" said Fearnleys.
On the Supramax front, Shiptrade said that the "market in the Atlantic basin managed to remain more or less steady, but activity decreased. Still USG region pays the most with rates for trip to continent/East Mediterranean remaining at USD mid 20’s per day, while for trips to F.East fixtures reported at USD low/mid 30’s per day. Ex Continent, rates for trips to East Mediterranean/ Bl.Sea concluded at USD low 20’s per day. On the Fronthaul trade, rates for trips ex Continent concluded at USD low/mid 20’s per day, while trips ex Bl.Sea via G.O.A concluded at USD very 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, there were not many cargoes ex NOPAC, and many Charterers were offering something around USD 2-4.000 per day for Indonesia round, or something around USD 6-7.000 per day for trip to India" concluded Shiptrade.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 08 December 11
INDIA MAY SEE 41% ANNUAL GROWTH OF ITS COAL DEMAND DURING THE NEXT 5 YEARS - ICAP SHIPPING
India’s Ministry of Coal expects that India’s coal demand may face an annual 41% rise during the next 5 years, while its coal deficit is ...
Thursday, 08 December 11
HAREDA KRIDA GETS CONTRACT FROM BAYAN - INSIDER STORIES
Insider Stories reported that, coal miner PT Bayan Resources Tbk (BYAN), through its subsidiary dubbed PT Gunungbayan Pratamacoal (GPB), has signed ...
Wednesday, 07 December 11
ABM INVESTAMA EYES RP6.3 TRIO REVENUE - INSIDER STORIES
Insider Stories reported that, an energy integrated company PT ABM Investama Tbk is eyeing a 1.5 folds increase in revenue this year from Rp4. ...
Tuesday, 06 December 11
DRY BULK MARKET ENDS RALLY, STARTS WEEK WITH FALL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a series of increases which saw the dry bulk market’s benchmark, the Baltic Dry Index (BDI) increasing close to 1,900 points and rates o ...
Monday, 05 December 11
THE DECEMBER HBA FELL 11% FROM ITS PEAK AT US$127.05 PER TON IN FEBRUARY 2011
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has sets the December 2011 coal reference price at US$ 112.67 per ton US$ 3.98 ...
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- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Planning Commission, India
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- The University of Queensland
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
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