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Thursday, 08 March 12
DRY BULK MARKET ON THE RISE; CHINAS COAL IMPORTS COULD INCREASE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market kept on rising back to healthier levels yesterday, with the BDI (Baltic Dry Index) the industry’s benchmark, marking its 8th straight increase. Yesterday, the BDI ended the session up by 1.4% to 798 points. Apart from the Capesize market, which was relatively stable (marginal retreat of just 0.07% to 1,515 points), all other ship segments were higher. The Supramax market kept up its strong rebound, rising yesterday by 2.79% to 810 points, while the smaller Handysize segment was also higher, by 1.79%.
The latest weekly report from Fearnleys, referring to the Capesize market, it mentioned that «with endless numbers of units appearing, primarily in Far East, there is presently no short-term hope for this segment. Not even significant volatility can be expected, for the same reason. Despite increasing bunker prices and fixing activity, conference trades like WAust/China still stand at below USD 8 pmt - giving daily returns much closer to zero than what is required to cover OPEX. For many owners, the most relevant alternatives are now idling tonnage to save cost/limits risks OR secure period employment – the latter still offering returns the double of spot earnings. Period activity is presently low as paper values give little support - representative fixtures include 175k dwt/blt 2011 done for 6-9 months at USD 12,350 basis delivery China prompt, also 182k dwt/blt 2010 delivery China prompt for 14-18 months at a reported USD 14500 said Fearnleys.
In a similar report, shipbroker Shiptrade Services had mentioned that owners were hoping to build upon the previous week's positivity but more or less things remained the same. Market’s stability is reflected upon the average TC routes which stand at USD 5,979 slightly decreased from last week figure. Since the majors were not capable to rise up fresh cargoes and over supply of tonnage remained, the Transatlantic round still suffers with the rates remaining below USD 5,000 per day. Surprisingly, many owners preferred the fronthaul trips which dominated the market with some fresh orders but on lower levels than last week with charterers paying USD 20.00 pmt and owners asking for USD 21. Pacific followed the same pace as last week and although iron ore majors in West Australia continued to take tonnage market remained stable. Voyages to Qingdao were fixed at USD 7,90 pmt and USD 14,00 pmt from Saldanha Bay. On the period side situation remained flat although charterers were interested in taking tonnage and rates ranging around USD 12,000 levels.
In a note to clients yesterday, Commodore Research & Consultancy said that China's coal-dedicated Daqin Railway, which rails domestic coal (mined in western China) to the eastern port of Qinhuangdao, is set to undergo scheduled maintenance beginning around March 19th. This maintenance will last for approximately 30 days, during which time the rail line will be down for 3 to 4 hours per day. With the Daqin Railway being down for such a long period of time, domestic coal rail shipments to Qinhuangdao will decline by a total of 4.5 to 7.5 million tons. «By the end of April, we expect Qinhuangdao coal port stockpiles will come under significant pressure and approach the critically low 5mt level. Right now, stockpiles are at a robust 8mt. The upcoming maintenance will put great pressure on Qinhuangdao stockpiles, and will lead to a significant increase in demand for imported thermal coal cargoes. Qinhuangdao is China's largest hub for coastal coal shipments. It is the loading port for approximately 40% of China's coastal coal shipments» said Commodore Research & Consultancy.
Commenting on the Supra/Handy markets, Fearnleys also stated that «the Atlantic Supra market continued its flat trend from last week, even with a touch of more cargoes in the market. Skaw/Passero positions fixed tick below USD 3k to US Gulf, and US Gulf positions were paid around USD 10k back to Cont. Fronthauls concluded at the USD 12k range. The Pacific market has remained firm. For Indo-India, large eco Supra can fetch close to USD 12k dop South China. Premium cargoes like nickel ore are also more and vessels for nickel ore rounds fixed at USD 15k dely North China. Nopac also fixed around USD 11k dop Japan. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 10k and ECI-China around USD 8k. RBCT rv fixed at APS USD 10k + BB USD 300k, however very few cargoes seen as there is huge gap between owners and Chrtrs ideas. Red Sea fertilizers to India are fixed high teens. Not much activity seen on short period and rates are around USD 10k for large Supra» concluded Fearnleys.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 18 May 12
EXPORT TAX WILL ERODE PROFITS, INDONESIAN COAL EXEC COMPLAINS - THE JAKARTA GLOBE
The Jakarta Globe reported that, A 20 percent export duty the government has imposed on 14 mineral ore products will not only take a toll on mining ...
Friday, 18 May 12
KOREA EAST WEST POWER LOOKING FOR TOTAL 2.6 MILLION TONS OF 4600 NAR COAL AT FIXED PRICE FOR 5 YEARS
COALspot.com - Korea East West Power Co., Ltd is inviting bids to supply of 520,000 Metric Tons (per annum) of minimum 4,600 kcal/kg coal of N ...
Friday, 18 May 12
NICKEL ORE CARGOES ARE NOT SEEN IN MARKET ANYMORE DUE TO ON-GOING INDONESIAN BAN - FEARNLEYS AS
Handy
The market remained variable.
Fronthaul voyages both from Baltic and Black Sea paid over USD 18k/day. From USG to Cont tonnage would get ...
Thursday, 17 May 12
COAL MINERS OPPOSE EXPORT TAX, SUGGEST OUTPUT QUOTA - THE JAKARTA POST
The Jakarta Post reported that, coal miners have suggested that the government apply a production quota instead of implementing an export tax in ord ...
Thursday, 17 May 12
DRY BULK MARKET STILL LOOKING FOR NEW DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept on moving sideways during this week, with the mixed performance across all segments. Yesterday, the industry’s be ...
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- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
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