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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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Tuesday, 27 December 11
MINERS MAKE CASE FOR RESUMING CONTRACT NEGOTIATIONS - THE JAKARTA POST
The Jakarta Post reported that, problems with the renegotiation of mining contracts in the country are far from over, as agreements on several cruci ...
Tuesday, 27 December 11
COAL SHIPMENT OF TIANJIN PORT REACHED 6.72 MLN TONNES IN NOVEMBER - STEEL HOME / HELLENIC SHIPPING
Tianjin port shipped 6.72 million tonnes of coal in November, decreasing 600,000 tonnes versus 7.32 million tonnes in October, while up 21.09% or 1. ...
Tuesday, 27 December 11
NEW CLAUSE PUBLISHED FOR SLOW STEAMING - BIMCO
Many owners and operators faced with high bunker prices are considering implementing slow steaming regimes to save fuel and to assist with capacity ...
Monday, 26 December 11
NEW EXPORT TAX PLAN GREETED WITH PRAISE AND CRITICISM - THE JAKARTA POST
The Jakarta Post, one of the Indonesia's leading english news paper reported that, both praise and criticism showered the government’s plan t ...
Sunday, 25 December 11
THERMAL COAL PRICES GAINED UP TO 4.32 PERCENT
COALspot.com - globalCOAL index gained 4.32 percent to US$106.36 per ton in RBCT, benchmark for South Asia and West Europe markets, for the week end ...
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Showing 4911 to 4915 news of total 6871 |
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- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Planning Commission, India
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- PTC India Limited - India
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- The University of Queensland
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
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