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Thursday, 12 July 12
LACK OF CAPESIZE DEMAND DRAGS DRY BULK MARKET LOWER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 A lack of demand for the larger Capesize dry bulk carriers had as a result the fall of the industry’s benchmark, the BDI (Baltic Dry Index), which yesterday ended down by 14 points or 1.21 percent at 1,146 points. The relative Capesize index was 3.77% lower to 1,428. As a result, average daily rates for Capesizes fell to $7,321. It’s worth noting that average Capesize rates have plunged by more than 70% since the beginning of the year. By contrast, the Panamax Index was up by 1.29% to 1,175 points. As a result, average daily earning for panamaxes were up by $112 to $9,364.
Commenting on the Capesize market in its latest weekly report, shipbroker Fearnleys said that “an active Pacific market with a good number of fixtures ex West Australia. However towards mid this week, demand was lower and fresh inquiries less spot, immediately resulting in freight rates dropping 0.5 cents. In Saldanha, there will be maintenance in August, and no new stems are expected before 24th of August. For the fronthaul, rates have been steady for the July stems fixed until now as supply of tonnage (early ballasters) was tight. As we are moving into August dates however, it is expected freight rates will soften’’ it noted.
On the Panamax market, Fearnleys noted that “it has been an uplifting, yet fairly quiet week in the Panamax segment with decent levels achieved. The firmer tendency is clear in the North Atlantic which is tight for tonnage for prompt requirements. Some owners are now asking USD 14k daily to perform TARV´s, whereas only a few weeks ago similar trips would fix around 10k daily. ECSA/Feast deals are still being done at healthy levels. Owners able to obtain around 15-16k + 500k gbb basis APS or around 10k daily basis delivery Singapore for ECSA/Feast grain biz. In the Pacific, business is also picking up and better rates are being reported above 9k for Indo and Nopac rounds. Aussie rounds have reportedly been fixed at around USD 8k daily. In the period market not many fixtures reported, but we see both charterers and owners talking around USD 9-10k daily for 3-5/4-6 months up to a year on LME´s. A Kamsarmax has fixed about 2 years at 10,700 delivery Black Sea ex yard mid-August said the report.
On the Supramax front, a recent report from Piraeus-based Shiptrade & Services mentioned that «having the US National Holiday last week, the market was steady slow. Trips from USG to Med/Continent were fixed at USD mid/high 20’s whilst fronthauls were fixed at USD 30,000. Trips from West Africa to Continent/Med were done at USD mid teens basis delivery West Africa and there were also some fixtures from Continent/Med to ECSA and USG at the area of USD 8,000. Fronthauls from Continent were seen closing at about USD 24,000.
The scene in the Pacific Basin relatively slow with most Indonesian and NOPAC rounds closing at USD 8,000 basis delivery China, and some closing at USD 9,000 basis delivery Japan. Indonesian coal trips to India were fixed at USD 8,000 whilst those from ECI to China were closed at USD 5,000 levels. As far as short period market is concerned fixtures were seen at the area of USD 10,500” it said.
Finally, on the Handy market front, Fearnleys concluded its analysis by stating that rates in the Atlantic kept more or less stable from last week, with Continent/US Gulf concluded at around USD 5000, while US Gulf/ Continent paid close to USD 27k. Ships with same delivery for Turkey got fixed at USD 28k with scrap. Fronthauls were hovering about USD 24k for Continent delivery, while rumors said vessels open US Gulf fetched USD 26k p/d. India is slow now with limited activity. Owners will see around mid USD 10k basis South China on a 52k dwt vessel for one trip to full India range. The Indian iron ore market remains quiet with less activity on WCI & ECI as monsoon arrives. India/China tct rate would be around USD 6k. Red Sea fertilizers to India are fixed high teens. Not much activity seen on short period and rates around USD 10k for large Supra it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Wednesday, 29 August 12
COLOMBIA'S MINING BOOM: PART ONE - JOSEPH KIRSCHKE
COALspot.com - Colombia stands before one of the potentially largest, most diversified mining booms in the world. Untold reserves of gold, coal, cop ...
Wednesday, 29 August 12
SECOND HAND VESSELS IN HIGH DEMAND DESPITE SUMMER SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the slow summer season, ship owners appear to be rather keen in acquiring some modern second hand tonnage at "knock-down" prices. ...
Monday, 27 August 12
BUMI BOOKS $322.1 MILLION NET LOSS IN 1H 2012 IN SPITE OF 8.6 PERCENT INCREASE IN SALES REVENUE
PT Bumi Resources Tbk, the single largest coal producer and exporter in Indonesia announces its first half financial report for the ...
Monday, 27 August 12
OVER 200 FOREIGN COMPANIES AND ENERGY MAJORS EXPECTED AT 2ND MOGP SUMMIT IN YANGON
Singapore based CMT and Machinery & Solutions Co. Ltd (M&S) announce that the 2nd MOGP Summit will be held on 3-6 September at the Sedona ho ...
Sunday, 26 August 12
SOUTH AFRICAN COAL OVERVIEW
South Africa's indigenous energy resource base is dominated by coal.
Internationally, coal is the most widely used primary fuel, accounting for ...
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- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
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