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Thursday, 22 March 12
DRY BULK MARKET KEEPS SURGING, CAPESIZES FALLING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 In what seems to be an establishing pattern, the dry bulk market has kept its upward momentum, edging closer to the 900 point-mark, but the larger ship type, the Capesize, typically used to ship iron ore and coal to China and other market, is still facing the heat of oversupply. Yesterday, the BDI (Baltic Dry Index) was 1.36% higher to 896 points, again with the support of smaller ship types, namely the Supramax and the Pamanax ones. By contrast the Capesize market was once again down by 0.85% on the day. The Supramax market inched higher by 1.82%, while Handies were also up by 1.53% to 530 points.
The latest report from shipbroker Fearnleys mentioned on the Capesize segment that “the Pacific has remained largely inactive with the exception on one Miner covering a couple of positions and managing to bring the market down in the process. The Atlantic has been equally as inactive, but there have been a few front haul fixtures at varying levels. It seems that the bottom here has been reached. Also the short period market, which had been paying a premium over the spot market, has all but disappeared” said Fearnleys.
In a separate report, shipbroker Shiptrade Services said that “in the Atlantic Basin over supply of tonnage keeps the market at low levels. The demand for iron ore and coal in Europe remains limited and this is the main reason for the negative sentiment in this region. The T/A rounds closed at levels close to 4.000 daily and the Fronhaul requirements from NCSA and ECUS and ECCA are not enough to drive the market upwards This down fall on rates was reflected on the average of TC routes which went down by USD 394 closing the week at USD 5,392. Pacific market remained stable at low levels with the round falling by USD 500, being fixed at USD 6,000. The cyclone which hit West-Australia refrained the iron ore majors from producing fresh cargoes resulting in oversupply of tonnage in the area. This preserved the negative sentiment as owners have to compete for lower rates when the production returns back to normal. Period activity was active but on lower rates around USD 10,000 levels” stated Shiptrade.
Moving on to one of the “stars” of the dry bulk market these days, the Panamax segment, Fearnleys noted that “the Panamax market has experienced some slightly positive signals the last week. We´ve seen rates coming up a bit in the Atlantic with the ECSA grain business being the main driver. We also see some more coal cargos from USEC and Baltic but the rates here are keeping somewhat flat. In the Pacific we have seen the market come off a bit with heavy rains in Aussie affecting mining and rail carriage of coal to the ports. The latter has caused vessels to start ballasting for the ECSA grain cargos in order to secure employment at decent levels. Fhauls are being fixed at around 16k + 600k GBB for ECSA and Tarvs fetching around 6k while the Pac rounds are being fixed in region of USD 7/8k. The period market is still somehow active with 1-year deals being concluded in region of USD 10,500” the shipbroker said.
On the Handy/Supramax segments, Fearnleys commented that another positive trend was seen last week with more cargoes entering the market. Skaw-Passero/US Gulf climbed slowly up to USD 3700, while US Gulf/Skaw Passero fixed tick above USD 15k. Fronthauls fixed USD 13600. The Pacific market has remained steady. For Indo-India, large eco Supra can fetch close to USD 19k bss Singapore. Premium cargoes like nickel ore are also seen fixed at USD 13k 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 11k and ECI-China around USD 8k. RBCT rv fixed at APS USD 12k + BB USD 350k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates are around USD 12k for large Supra” concluded the shipbroker in its report.
Similarly, Shiptrade said that “in the Atlantic it was a positive week with the transatlantic increasing at USD 8,000 mainly due to more cargoes coming out in the market especially from ECSA where, after a long time, some sugar parcels came to remind owners that grain season is about to begin. This was reinforced by some movement in orders from West Africa to Continent or Far East which relieved ECSA from ballasters. USG and Continent remained at flat rates with low volume on cargoes while rates ex Black Sea have been raised up a bit. The front haul trips remained at similar levels than last week averaging at around USD 13,750. On the other side, Pacific round was fixed at much better levels of USD 7,500 mainly due to increased coal exports from Indonesia and the whole South East Asia region. Back haul trips were mainly done ex Thailand to West Africa with bagged rice but yielded low returns for the owners thus many refrained from coming back to Atlantic than suffering losses. Vessels opened at East Coast India preferred to ballast towards Singapore for a trip to China of PG. Period activity was extremely slow as owners found no reason to fixing at such rates” it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 19 August 11
INDIA IMPORTS LESS INDONESIAN COAL THAN CHINA IN JULY
COALspot.com - Indonesia shipped 31.30 Million tons of coal in July 2011, up by 10.69 percent compared to June's export of about 28.27 ...
Thursday, 18 August 11
INDONESIAS PROPOSED LOW GRADE COAL EXPORT BAN WILL NOT HAVE A SIGNIFICANT IMPACT ON INDIA - MISWIN MAHESH
COALspot.com - The Indonesian government is currently in the process of drafting a new regulation that could ban the export of low-grade coal by Jan ...
Thursday, 18 August 11
MARUBENI ACQUIRED 42.86% OF YTL JAWA POWER
COALspot.com - Marubeni Corporation (Marubeni) has completed the acquisition of 42.86 percent of the shares of YTL Jawa Power Holdings BV from YTL P ...
Wednesday, 17 August 11
CME LAUNCHES ARGUS COKING COAL SWAP FUTURES
COALspot.com - Argus media reported that, leading exchange CME Group will list an Australian coking coal swap futures contract for trading on the Ny ...
Wednesday, 17 August 11
TAVESCO KILLARA ENERGY TO ACQUIRE COAL CONCESSIONS IN EAST KALIMANTAN
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
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- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- MS Steel International - UAE
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- PTC India Limited - India
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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