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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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Thursday, 26 January 12
ABM INVESTAMA SEALS US$100 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, PT Reswara Minergi Hartama, a subsidary of PT ABM Investama Tbk (ABMM), has sealed a 2 million tons of coal export co ...
Thursday, 26 January 12
DRY BULK MARKETS DOWNFALL KNOWS NO LIMITS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s demise seems to have no visible end, as China’s Lunar Year Holidays continue this week, thus leaving demand with n ...
Wednesday, 25 January 12
CLEAN AND CLEAR MINING PERMITS TO BE COMPLETED END OF 2012 - BISNIS.COM
Bisnis.com reported that, the government plans to announce 700 mining permits with "clean and clear" status without overlapping on other p ...
Tuesday, 24 January 12
ANOTHER SEVERE DROP IN THE CAPESIZE - BRS
The lunar year celebrations and the high number of new building deliveries (more than 35 Capes so far in January as owners push 2011 deliveries into ...
Tuesday, 24 January 12
BUKIT ASAM FY11 NET PROFIT SURGES 50% - INSIDER STORIES
Insider Stories reported that, the state-controlled PT Bukit Asam Tbk (PTBA) estimated to book Rp3 trillion (approximately US$ 335,570,469) net prof ...
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- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- The University of Queensland
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- London Commodity Brokers - England
- CNBM International Corporation - China
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
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