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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 $9/10,000 daily” concluded BRS.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 22 November 11
ABM INVESTAMA SETS IPO AT RP 3,750
Insider Stories reported that, Integrated energy company PT ABM Investama Tbk has determined the IPO price at Rp3,750 (approximately US$ 0.415) per ...
Tuesday, 22 November 11
A SURPRISINGLY STRONG WEEK FOR THE CAPES - BRS
Positive gains for most of the segments this week, the exception being the Handysizes. Overall the BDI ended the week at 1,895 points (+3.3% week-on ...
Tuesday, 22 November 11
APPETITE FOR DRY BULK VESSELS SLOWS DOWN AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was down at the beginning of the week, as demand for Capesize vessels was particularly low. The industry’s benchmark, the ...
Monday, 21 November 11
CAPESIZES DRIVE MARKET LOWER, ANALYSTS DIVIDED ON DRY BULK OUTLOOK IN THE LONG RUN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market ended the week on a sour note, with the industry’s benchmark heading downwards to 1,895 points, which represented a slight ...
Sunday, 20 November 11
THE FREIGHT MARKETS EXPECTED TO BE FIRM NEXT WEEK - VISTAAR
COALspot.com - The market continued to move up with all sectors gaining except for handy size.
The BDI was up by 3.26 pct and closed at 1895 poin ...
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- Eastern Energy - Thailand
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- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
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- The State Trading Corporation of India Ltd
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- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
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- Karaikal Port Pvt Ltd - India
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- Anglo American - United Kingdom
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- Coal and Oil Company - UAE
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- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
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- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
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- Mercator Lines Limited - India
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- Bukit Baiduri Energy - Indonesia
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- Bangladesh Power Developement Board
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- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
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- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
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- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
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- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
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- Wilmar Investment Holdings
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- Aboitiz Power Corporation - Philippines
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- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
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- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
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- Cement Manufacturers Association - India
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- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
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- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
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- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
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