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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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Thursday, 29 December 11
NEW VESSELS DELIVERED ARE FLOODING THE OCEANS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As expected 2011 has been the year that newbuilding deliveries peaked and kept "flooding" the market, thus supressing freight rates and er ...
Tuesday, 27 December 11
MINERS MAKE CASE FOR RESUMING CONTRACT NEGOTIATIONS - THE JAKARTA POST
The Jakarta Post reported that, problems with the renegotiation of mining contracts in the country are far from over, as agreements on several cruci ...
Tuesday, 27 December 11
COAL SHIPMENT OF TIANJIN PORT REACHED 6.72 MLN TONNES IN NOVEMBER - STEEL HOME / HELLENIC SHIPPING
Tianjin port shipped 6.72 million tonnes of coal in November, decreasing 600,000 tonnes versus 7.32 million tonnes in October, while up 21.09% or 1. ...
Tuesday, 27 December 11
NEW CLAUSE PUBLISHED FOR SLOW STEAMING - BIMCO
Many owners and operators faced with high bunker prices are considering implementing slow steaming regimes to save fuel and to assist with capacity ...
Monday, 26 December 11
NEW EXPORT TAX PLAN GREETED WITH PRAISE AND CRITICISM - THE JAKARTA POST
The Jakarta Post, one of the Indonesia's leading english news paper reported that, both praise and criticism showered the government’s plan t ...
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Showing 4911 to 4915 news of total 6871 |
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- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Central Electricity Authority - India
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- The University of Queensland
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
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