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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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- Central Electricity Authority - India
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Australian Coal Association
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- The University of Queensland
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
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