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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, 01 December 11
DRY BULK MARKET RISES TO NEW HEIGHTS ON RENEWED DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept on rising this week, with the industry’s benchmark, the Baltic Dry Index (BDI) climbing to 1,846 points on Wednes ...
Tuesday, 29 November 11
SOUTH AFRICAN COAL INTO CHINA, THE ACTIVITY WAS SLOW - BRS
Capesize
The Capesize market in Atlantic stayed pretty firm last week with transatlantic rounds being fixed in the high twenties. Sentiment was les ...
Tuesday, 29 November 11
GOLDEN GATE BRIDGE OF INDONESIA COLLAPSED AT KUKAR, EAST KALIMANTAN
COALspot.com - A suspension bridge in Indonesia’s east Kalimantan province over the Mahakam river collapsed on Saturday, killing at least elev ...
Tuesday, 29 November 11
BUKIT ASAM SCOUTS RP3 TRILLION PROFIT - INSIDER STORIES
The state-controlled coal miner PT Bukit Asam Tbk (PTBA) expects to post a Rp3 trillion net income this year, reaching its target which is 50% above ...
Tuesday, 29 November 11
DRY BULK MARKET BEGINS WEEK ON HIGHER NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Contrary to what had been the case during the past few weeks, this one began on a high note for the dry bulk market, with the Capesize sector pullin ...
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- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- The Treasury - Australian Government
- White Energy Company Limited
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
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