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Tuesday, 13 December 11
CAPESIZES AND PANAMAXES LEAD DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market inched closer to the 2,000 mark on Monday, with Panamaxes rebounding firmly and leading the gains. As a result, the industry’s benchmark, the BDI (Baltic Dry Index) was up by 0.42% on the day, reaching 1,930 points for the first time in days. The Baltic Panamax Index (BPI) was the biggest contributor with daily gains of 1.17% to 1,733 points, while Capesizes were also on a high, reaching 3,725 points, up by 0.76% on the day. On the downside, Handysize/Handymax ship owners didn’t have much to cheer for, with the sector still losing track, ending yesterday below the 600-point mark.
According to the latest dry bulk weekly report from Paris-based shipbroker Barry Rogliano Salles (BRS), “the dry bulk freight market continues its volatile behaviour as it we approach the holiday period. Overall the BDI ended the week in positive territory due to a strong demand for Capes fueled by lower iron ore prices, which led to increased import activity. By the end of the week, the BDI was at 1922 points (+3%), the BCI at 3697 (+8.5%), the BPI at 1713 (+0.7%), while the smaller sizes dropped, with the BSI at 1230 (-7.9%) and the BHI down to 602 points (-3.4%)” said BRS.
Commenting on the Capesize sector, the shipbroker said that it was a second week of positive gains for the Cape market, with rate increases on all the major routes, and particularly on Atlantic and fronthaul trades out of Brazil. “A combination of good activity by the mining companies, plus some evidence of resistance by owners, pushed the 4TC rate to $32,600 by Friday, a rise of 11%. This surge also created momentum in the FFA market, with prices for December and January up sharply, at $31,000 and $21,750, a w-o-w r ise of 16% and 13% respectively. Monday saw more gains, with the 4TC rising another $270 and a seemingly positive outlook for the short term” said the shipbroker’s report.
On the Panamax front, BRS noted that “the Panamax 4TC remained almost flat over the course of last week (+ $96), ending at $13,682 per day. The Atlantic softened slightly at the beginning of the week before ticking up on the back of fresh cargoes released. Transatlantic rates hovered in the mid $15,500s with stronger numbers done Thursday and Friday. The number of vessels open in the Atlantic for the next 15 days was way below what has been seen the last 6 months, but rates were unable to pick up as demand remains low. Fronthaul rates reached mid $20,000 levels and activity was there and kept absorbing vessels able to make TA round too, explaining the low supply in Atlantic. In the East, rates lost some ground the first half of the week before posting a $500 gain the last 2 days to finally reach $10,805 per day, up $300 w-o-w. Several fixtures were reported in the $12/12,500 range as vessels started to ballast to Atlantic in search of the greener grass on the other side. The period market was a little more active than the week before with rates in the mid-low $12,000s per day for 4/6 months trading, reaching $13,000 for 1 year period” said BRS.
Finally, on the Supramax/Handy markets, the report mentioned that “the Baltic Supramax Index went down by 105 points to finish at 1,230 points last week, while the average of the time charter routes lost about $1,100 daily to finish close to $13,000 per day. The market was active in the Atlantic. Quite a few requirements of grain/sugar were added during the week especially in the South Atlantic and in the US Gulf – but this was not enough to cope with the number of vessels open, creating some downward pressure again. Supras ex south America fixed at a rate close to $19/20,000 for trip to Far East and $15/16,000 daily for trip to Continent/Med with equivalent ballast bonus. In the Pacific, Indo/China was fixing at
rates close to $8,000 daily + equivalent BB, and the market was supported with interest for ships for a few legs or short period.
On the smaller sizes, the Baltic Handysize index went down by 21 points to finish at 602 points while the time charter routes lost $263 to reach $8,597 daily. The TARV was worth $11,000 per day (quite a few grain and fertiliser requirements sustained levels in Continent/Med/Black Sea), whereas the Pacific round voyage was trading close to $6,000 daily. On the period front, Supramaxes fixed delivery China for 3/5 months redelivery worldwide at a rate close to $9/10,000 daily” concluded BRS.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 07 February 12
DRY BULK MARKET FINALLY STOPS DECLINE, POSTS FIRST RISE IN MORE THAN A MONTH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After falling to near record lows, not seen since the mid-80s the dry bulk market has finally stopped its path to "hell", with the industr ...
Saturday, 04 February 12
SUPRAMAX DELIVERY SOUTH CHINA FOR TRIPS VIA INDONESIA WERE REPORTED AROUND $ 6,000 PER DAY - VISTAAR
COALspot.com - The markets continued to soften which dropped by almost 11 pct and BDI closing at 647 points.
The drop in BDI was mainly due to dr ...
Thursday, 02 February 12
NO RELIEF YET FOR DRY BULK SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although at the start of 2012 nobody can claim that the global seaborne trade has suddenly come to a halt, quite the contrary, it seems that the dry ...
Wednesday, 01 February 12
KRISHNAPATNAM PORT - GOING DEEP TO SOAR HIGH
COALspot.com - Krishnapatnam Port now rightfully claims as the deepest draft port in India, as it has started accepting vessels with maximum permiss ...
Wednesday, 01 February 12
IN JAMBI, MOST MINING COMPANIES LACK 'CLEAR-AND-CLEAN' PERMITS - JP
More than three-quarters of the 386 mining companies in Jambi lack “clear-and-clean” certifications from the government, according to an ...
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- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- VISA Power Limited - India
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
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