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Thursday, 29 March 12
DRY BULK EDGED FURTHER UP, ON HEALTHY DEMAND FOR MOST SHIP TYPES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 With capesize vessels finally reappearing in demand, the dry bulk market had an easier task of rising yesterday, as the BDI (Baltic Dry Index) reached 922 points, up by 0.55% on the day. The Capesize market gained 0.52% to reach 1,361 points, while small gains were also evident in the Panamax segment (0.48%) and the Handysize one (0.35%). By contrast, the Supramax market, which had been leading the gains so far and is now at levels higher than the Panamax one (which is another abnormality of the market), retreated marginally yesterday to reach 1.054 points.
Commenting on the Capesize market, shipbroker Fearnleys said in its latest weekly report, issued yesterday, that “although spot fixing has increased significantly over the last week, it is worthy of notion that same has had little or no effect on levels paid. Major miners have booked numerous prompt units for both WAust and Brazil, but with an extremely overtonnaged market there is always another unit ready and keen to accept last done. The overall trend is drifting ever closer to zero for operators - and already negative value for head owners. With expensive bunkers combined with no short-term hope of improvement, an overwhelming number of ships now pile up around Singapore instead of ballasting towards the west. Softening paper levels are hurting period activity/rates - recent fixtures including 173kdwt/blt 2007 China mid April done for 11-13 months at USD 11k” said Fearnleys.
Similarly, it went on to state that the “Panamax market had a slow week with owners struggling to find employment for their vessels. With a scarce amount of requirements in the market, and the ECSA cargoes still being the main driver. Decent rates can still be achieved, and we´ve seen vessels fixing 17k+ 685k for trip to the F.East on an APS ECSA basis. Limited activity in the east with few fixtures reported. The amount of open tonnage is increasing, however rates are still stable and north Pacific RV´s are paying around USD 8k daily for vessels delivering in North China. Aussie/China is fixing around USD 7k, and Indo rounds around USD 8-8.5k. India/China is fixing around USD 13K. In the Atlantic, Baltic rounds were reportedly fixing at USD 8k. A few TA fixtures were reported, but little emerged regarding the rates achieved by owners. Seems USEC and USG requirements are covered on an aps basis and USD 10k + USD 325k was reported for a vessel performing a trip from USG with redelivery in the Mediterranean” said Fearnleys.
Regarding the Supramax market, shipbroker Shiptrade Services stated that “in the Atlantic Basin this week started with good omens as many fresh requirements came into the market especially from USG and ECSA. The petcoke charterers are still there as well as the coal players. What changed the market dramatically during this week is the fact that some iron ore cargoes from West Africa offered employment to vessels who opened there after discharging steels and bagged commodities. This sent ballasters from West Med to ECSA and consequently rates were dramatically improved from USG and ECSA respectively. We learnt that 57,ooo dwt vessel got 17,000 dop Turkey for trip to East. In the Pacific basin the market remains firm and the rates from Indonesia to India closed at USD low-mid teens region basis delivery South China. Nickel ore charterers , had to to pay a premium so supramax vessels able to carry Nickel ore could definitely get mid teens bss delivery South China for trips back to the North of China” it said in its report.
On the Handy front according to Fearnleys, “Atlantic market kept more or less stable throughout last week, with fresh cargoes able to short the list of idle ships. Cont/US Gulf fixed tick above USD 4k, while US Gulf/Cont paid close to USD 17,500. Fronthauls hovering around USD 14,400 per day. Pacific market has remained quiet but steady. For Indo-India, large eco Supra can fetch close to USD 22k basis APS Indonesia. Premium cargoes like nickel ore are also seen fixed at USD 13k dely North China. Nopac 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. Some ECI Supras have been ballasting to pick up indo cargoes as well. RBCT rv fixed at APS USD 13k + BB USD 400k. 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 Fearnleys.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 06 April 12
DRY BULK MARKET SWIFT TO HALT FALL ON RENEWED DEMAND FOR CAPESIZES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk managed to put a stop to the recent falls, which came as a result of a lacklustre demand for smaller vessel sizes. Although this trend ...
Thursday, 05 April 12
COAL EXPORT TAX: MATTER OF CONCERN FOR INDIA - SUNIL K KUMBHAT
COALspot.com - Since the issuance of Indonesian Mining law in 2009, miners have increased their activities in exploring , ex ...
Thursday, 05 April 12
AKR COAL FIRST EXPORT SHIPMENT OF COAL SEABORNE
PT Anugrah Karya Raya (AKR Coal) subsidiary of PT AKR Corporindo Tbk., Indonesia’s leading integrated supply chain solutions provider and larg ...
Thursday, 05 April 12
DRY BULK MARKET STALLS AS TREND IS REVERSED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has halted its month-long rally, with the BDI (Baltic Dry Index) retreating yesterday for a second consecutive session. Industry ...
Wednesday, 04 April 12
OIL MAY JUMP TO $150PB IF IRAN ATTACKED: EXPERT - KUNA / HELLENIC SHIPPING
Prices of oil will not drop below level of $100 per barrel and may jump to $150 pb in the coming two months, according to the prominent Kuwaiti expe ...
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- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- The University of Queensland
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Planning Commission, India
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Australian Coal Association
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
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