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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 experts have identified the latest downturn in a fall of demand for smaller carriers, which in turn had been leading the rebound during the past couple of weeks. Yesterday, the BDI was down by 5 points to 926, points, with all markets down, apart from the Capesize segment, which rose once again to 1,475 points. By contrast, the Supramax market has been suffering the most during these past few days, losing an additional 25 points yesterday to 965 points.
"The dry bulk market has weakened significantly in 2012 year-to-date due to the Chinese New Year (holiday), continued robust fleet growth, and a softening in demand growth for imported commodities in China and Europe," Jefferies analyst Douglas Mavrinac said in a note, which was quoted by Reuters. Australian miner Fortescue Metals Group said despite talks of slowdown, China's economy is expanding at a relatively healthy pace, fuelling demand for raw materials such as iron ore and steel for infrastructure development and consumer products. "We expect steel production to ramp up going into the summer months, a situation we have not seen fully materialise yet, and think this will support the dry bulk market," Arctic Securities analyst Erik Nikolai Stavseth said in a quote from Reuters.
"While Chinese iron ore and steel inventories have declined modestly over the past several weeks, and while we believe increased Chinese iron ore fixtures could provide slight support for spot rates, we expect any improvement to be relatively modest," Wells Fargo senior analyst Michael Webber said in a note.
In a separate report, commenting on the Capesize segment, Shiptrade Services noted that there were “modest increase in rates for Capes this week with the BCI improving by 43 points closing at 1369. The weekly average of 4 TC routes also went upwards by USD 642 closing at USD 5,188. In the Atlantic basin although some fresh requirements came into the market, oversupply of tonnage halted rates from sufficient improvement. As a result the week closed with the fronthaul been done at USD 22,500 levels and NCSA/FEAST coal at USD 26 for second half April dates. Similar was the sentiment for the T/A round which closed at USD 3,250 recording an increase of USD 300. The Pacific market has pulled the rates up and the main reason of this improvement was the Australia iron ore trade which continued to cover some of the many available vessels at the area. Period activity went upwards by USD 500 closing at USD 10,500” said Shiptrade.
On the Panamax front, it noted that “the Atlantic market was considerably improved during this week. The USG seems booming as much coal coming out lately and the demand from Turkey for coal has driven T/A rates upwards. The rates for this kind of trips stabilized around 10500 aps plus around 400,000 balast bonus. ECSA grains charterers still entering the market with fresh requirements to PG-Japan range and the rates for Sing-Japan are now above 17 000 daily plus ballast bonus of 650-700,000 USD. In the Pacific Basin Far East / Aussie rounds closed at USD 7,5 K basis delivery South-Mid China. Sulphur charterers entered the market with requirements from North Pacific and the Nopac rounds closed at USD 8,000 region. The short period rates closed tic below 10,000 whereas one year period rates closed at usd 10,5 k for LME vessels” Shiptrade noted in its report.
Finally, on the Supramax market, “coal requirements reduced, whereas much of demand for Nickel ore traders. In the Atlantic Basin the fronthaul rates stabilized at USD mid-high teens from Med. For clean cargoes the rates were within 15-16 k depending on delivery/size etc whereas vessels able to carry dirties such as HBI got more than 17 k for trips out. From Continent the fronthaul rates are much lower. We heard that a tess 57 type got 13 k for grains biz via French Bay to Sing-Japan rge. In the Pacific Basin we noted much fewer coal requirements out of Indonesia and consequently the rates dropped 1-1,5 k since last week. On the contrary the Nickel Ore charterers pay more than 15 k basis delivery North China for round trips which is a considerable premium for ows who are reluctant to carry this commodity. Besides Many coal/nickel ore charterers entered the market looking for short period vessels with ows asking 12.5 k for tess 53 type against charterers high 11 k” concluded Shiptrade.
Source: Nikos Roussanoglou, Hellenic Shipping
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Monday, 02 April 12
BANGLADESH EYEING INDONESIA FOR COAL
COALspot.com - The high level executives of Center for Environmental and Geographic Information Services (CEGIS) of Bangladesh is visiting Ind ...
Monday, 02 April 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first quarter of the New Year ended with the BDI standing 42% above from the 26 years’ bottom low of 662 points on February 1st, and a pos ...
Saturday, 31 March 12
THE BDI CONTINUED TO MOVE UPWARD - VISTAAR
COALspot.com - The BDI continued to move upward and rose by 2.86 pct closing at 934 points.
The cape index was up by 3.14 pct closing at 1,412 po ...
Saturday, 31 March 12
SRI LANKA IMPORTS 152,555 MT OF INDONESIAN COAL IN FEBRUARY
COALspot.com: Indonesia, the world largest coal exporter, shipped 27.126* million tons of coal in February 2012, compared to 28.21* million to ...
Friday, 30 March 12
RECOND NUMBERS SURROUNDING THE SUPRAMAX DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Last year proved to be both a record year in the number of deliveries of dry bulkers between 40,000dwt and 64,000dwt, as well as a record year in th ...
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- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Planning Commission, India
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
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