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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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Thursday, 26 April 12
BUKIT ASAMS 1Q OPERATING PROFIT MARGIN HAS INCREASED BY 6% TO RP. 1 TRILLION
COALspot.com - PT. Bukit Asam (Persero), the Indonesia’s state owned coal miner's 1Q, 2012 revenue has increased by 31% to Rp. 3.02 trillion ...
Thursday, 26 April 12
TAIPOWER TO BUY 1.15 MILLION TONS OF 5000 GAR COAL
COALspot.com - Taiwan Power Company intends to procure 1.125million tons of sub-bituminous coal for Taipower thermal power plant through open tender ...
Thursday, 26 April 12
TAIPOWER TO BUY 375,000 MT OF 4800 GAR COAL
COALspot.com - Taiwan Power Company intends to procure 375,000 metric tons of low sulfur sub-bituminous coal for Taipower thermal power plant ...
Thursday, 26 April 12
ADK SHIPPED 28,000 TONNES OF COAL THIS MONTH
COALspot.com - Orpheus Energy (ASX:OEG) has announced that four coal barges carrying a total of approximately 28,000 tonnes of ADK (Alam Duta K ...
Thursday, 26 April 12
PANAMAXES AGAIN EARN MORE THAN CAPESIZES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The latest surge of demand for Panamaxes has led the dry bulk market to new higher ground on Monday, with the Baltic Dry Index (BDI) reaching 1,090 ...
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- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- The University of Queensland
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Parliament of New Zealand
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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