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Thursday, 26 April 12
DRY BULK CARRIERS RENTER FLEET AFTER IDLING, ON MARKETS RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market seems to be back on track, not only solidifying the gains of the past couple of weeks, but also racing to new heights, recuperrating the losses experienced since the start of the year, which saw the Baltic Dry Index (BDI), a benchmark used to track rates and market sentiment, retreat to near record lows. Yesterday, the BDI was once again up by 1.88% to 1,137 points, in essence erasing this year’s losses, fuelled by the surge in demand for Panamax vessels, as well as for Supramaxes. The Panamax Index was increased by 3.93% to reach 1,692 points, while the Supramax one was also up by 1.87% yesterday, to end the session to 1,087 points. By contrast, the larger in size Capesize-type vessel, was on the weak side for once more, losing an additional 0.46% on the day to reach 1,514 points.
In its latest weekly report, shipbroker Fearnleys noted that “the Panamax market took a good jump this week with rates firming up in both hemispheres. Rumours has it that India increasing coal imports with about 15 million mt and China increasing coal imports due to the biggest price gap in 20 years between domestic and foreign coal. There are increased coal shipments in both hemispheres and the grain season is still fairly active out of ECSA. Typical Tarvs with Continent delivery are now being fixed at around 17/18k. Fronthauls with same delivery are fetching low 20´s while the Pacific rounds are being fixed at low/mid teens. The period market is still somewhat active with takers there for short period around 12k and 1-year at around USD 11k” said Fearnleys.
In a separate note, Shiptrade Services said that “The week started with a positive sentiment in Atlantic with more cargoes firming up especially grains ex ECSA to Far East where rates were raised by around USD 3,000 compared to last week ending up at USD 21,000. Also the transatlantic was increased significantly closing the week at USD 13,500 making owners reluctant to leave the Atlantic basin. On the Pacific, market showed some more positive sentiment with trips ex NOPAC fixed at USD 10,000 while the round was at USD 11,250. The positive of the market in Atlantic led owners to pursue backhaul trips with levels of USD 12,000. Periods were done at above USD 11,000 and in some cases even more”.
Moving on to the Handy/Supra market, Fearnleys noted that “with more cargoes entering the market the numbers of idle ships was quickly reduced and rates peaked rapidly. Skaw-Passero deliveries concluded close to USD 5k for US Gulf direction, while US Gulf positions fixed around USD 19k for trips to Cont. Fronthauls were paid USD 16.5k-17k daily. The Pacific market remained steady with nickel ore and coal enquiries. Indo rounds now fixed at USD 18k basis Singapore delivery. Nickel ore rounds are also getting premium and have seen vessels fixed at USD 12k basis dely North China. WCI & ECI iron ore to China was quiet, however rates from WCI was around USD 12k and from ECI USD 8k. RBCT-India on voyage is around low 20s. Red Sea fertilisers to India fixed in high teens. Short period activity was limited and nothing much seen but ideas were around 12k” said the shipbroker.
Furthermore, commenting on the Capesize market, it mentioned that “the week has been very predictable. Out of West coast Australia, a couple of new cargoes every day fixed at last done levels around USD 7.70. Last done however is USD 7.60 - and one done at USD 8.00 pmt, but for early dates. Saldanha to China has been hovering around USD 14.50 and Tubarao/Qingdao still around the USD 21 mark. It has been done one fixture for 1-year this week at USD 12,000. Time being this is the rate owners are asking for short period, not in line with present FFA values, and consequently lack of period fixtures” concluded Fearnleys.
In its note Shiptrade stated that “In the Atlantic basin, the oversupply of tonnage in the area did not affect dramatically the rates with the fronthaul closing at USD 25,000 levels, been slightly decreased by USD 500. The transatlantic round trip closed last week at USD 3,750 levels, a down fall of USD 325. Same pattern applied at Tubarao/Qingdao route which was fixed at USD 21.25 for early May. In the Pacific market, Australia iron ore trade kept covering some, but not enough, of the large volume of tonnage resulting in slightly decreased rates fixed at USD 7,90 pmt than USD 8,00 last week. The Far East round trips decreased at USD 6,000 a USD 750 reduction from last week. Period activity remained at same levels than last week at USD 13,000 for one year” it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 01 May 12
VIETNAM FEARS IT MAY NOT SEEK COAL SUPPLIES - TBKTSG / VIETNAMNET BRIDGE
TBKTSG / VietNamNet Bridge reported that, with five coal-run thermopower plants under construction, PetroVietnam alone would need 18 million tons of ...
Sunday, 29 April 12
THE FREIGHT MARKET EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The BDI continued to go up with the support of Panamax/Supramax and was up by 8.34 pct closing at 1,156 points.
The cape index was ...
Sunday, 29 April 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS FOR MAY 2012 DELIVERY WAS STABLE THIS WEEK
COALspot.com - Indonesian sub-bituminous coal swaps for May deliveries stable this week, according to DSP of SGX AsiaClear OTC Coal Swaps. In the me ...
Friday, 27 April 12
BUKIT ASAMS NET INCOME UP 14% IN 1Q 2012 (UNAUDITED)
Press Release - PT Bukit Asam (Persero) Tbk, announced the Consolidated Financial Statements and Subsidiaries per 31 March 2012 (Unaudited).
Reve ...
Thursday, 26 April 12
AUSTRALIAS COKAL EXPANDS MET COAL POTENTIAL INTO WEST KALIMANTAN
COALspot.com - Global metallurgical coal group Cokal Limited (Cokal) (ASX:CKA) announced today it has completed the acquisition of 75.2% of PT Silan ...
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- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Central Electricity Authority - India
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
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