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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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Monday, 28 November 11
CITING CONTRACTS, MINING FIRMS ARE NOT PAYING ROYALTIES UNDER LAW - THE JAKARTA POST
The Jakarta Post reported that, when the 2009 Law on Minerals and Coal was endorsed, hopes that Indonesia could maximize its revenue from the minera ...
Monday, 28 November 11
NEW ENVIRONMENTAL MARINE REGULATIONS TO IMPACT SHIPPING IN 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
August of next year will see some major changes for marine navigation. It’s when the North American ECA will come into force, introducing a 1% ...
Sunday, 27 November 11
INDIA'S KPCL TO IMPORT 50 MMT OF COAL FOR 10 YEARS
COALspot.com - Karnataka Power Corporation Limited (KPCL) will buy 5 million metric tonnes of coal annually for 10 years starting from 2015.
In a ...
Saturday, 26 November 11
INDIAN PORTS ARE BECOME COAL STOCKPILES..!!
COALspot.com - The Indian coal stocks and power tariff situation is the hot topic among the world coal producers as well as Indian coal importers.&n ...
Saturday, 26 November 11
THE FREIGHT MARKETS EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market were down probably with the sentiments of global financial markets and all segments were down.
The BDI was up down by 4 ...
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- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Marubeni Corporation - India
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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