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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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Wednesday, 27 June 12
DIRECTORATE GENERAL OF MINERAL AND COAL OF INDONESIA INTRODUCES ON-LINE SYSTEM FOR MINING PRODUCTS EXPORT APPROVAL
COALspot.com - Directorate General of Mineral and Coal of Indonesia has released "Clear and Clean" certificate for another 33 coal miners ...
Monday, 25 June 12
RIO TINTO MAKES FIRST COAL SHIPMENT FROM MOZAMBIQUE
Rio Tinto has started exporting premium hard coking coal from its Benga Mine in the Moatize Basin in Mozambique. The first shipment of 34,000 tonnes ...
Sunday, 24 June 12
SUPRAMAX FREIGHT MARKET FIRMED UP FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - This week all the segments gained and marked was firm in the Supramax and Handy size sector, where as the Cape and Panamax inde ...
Saturday, 23 June 12
COAL PRICES APPETITE FOR ROLLER-COASTER RIDES
COALspot.com - SGX AsiaClear OTC Coal Swaps have suffered something of a roller-coaster ride in terms of prices during this week. SGX’s Indone ...
Friday, 22 June 12
PRESENT SPOT WEAKNESS IS TEMPORARY, SEASONAL AND RISE AS WINTER APPROACHES - BUMI
COALspot.com - PT Bumi Resources Tbk, the world’s one of the largest coal producer and Indonesia’s largest multi grade coal miner has no ...
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- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- White Energy Company Limited
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Planning Commission, India
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
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