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