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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, 20 April 12
PANAMAXES LEAD DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A rebound of demand for smaller dry bulk carriers has led the industry’s benchmark, the BDI (Baltic Dry Index) above the 1,000-point mark for ...
Friday, 20 April 12
BUMA HAS PRODUCED 2.6 MILLION TONS OF COAL IN MARCH 2012
COALspot.com - BUMA has removed 28.0 million bcm (+6.4% YoY) of overburden in March 2012 while coal production was at 2.6 million tons (+1.3% YoY).
...
Thursday, 19 April 12
FRESH COAL SALES FROM JATENERGYS JONGKANG MINES
COALspot.com - Energy company Jatenergy Ltd (ASX code JAT) announced today that it had signed a contract for an 11,000 tonne coal sale due for shipm ...
Thursday, 19 April 12
HANDY - 'POSITIVE TREND', PANAMAX - 'A FIRMER TENDENCY', CAPESIZE - 'AGAIN NEGATIVE'
Handy
The positive trend from last week continued, with more cargoes entering the market. Skaw/Passero del fixed tick above USD 4000 for US Gulf di ...
Thursday, 19 April 12
WILLIS MARINE MARKET REVIEW FORECASTS ANOTHER DIFFICULT YEAR - WILLIS GLOBAL MARINE / HELLENIC SHIPPING
After an inauspicious start, 2012 could well be "another difficult and uncertain year for the maritime industry faced with the aftermath of the ...
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- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Independent Power Producers Association of India
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