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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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Tuesday, 07 August 12
2ND ANNUAL FLOATING TERMINALS
Press Release - After a ground breaking and successful launch in 2011, the 2nd Annual Floating Terminals conferenceis back to address innovation, co ...
Tuesday, 07 August 12
KRISHNAPATNAM PORT HAS DISCHARGED 122,247 MTS OF COAL IN JUST 24 HRS
COALspot.com - Keeping with the tradition of the new records that are set at the Olympic Games 2012, Krishnapatnam Port has also achieved in setting ...
Tuesday, 07 August 12
THE JAKARTA POST EDITORIAL: REVISITING THE MINING LAW
The Jakarta post, one of the leading English news paper in Indonesia writes in its editorial today, what the domestic and foreign investors had drea ...
Tuesday, 07 August 12
BARAMULTI SET TO LIST ON BOURSE IN Q4 - JP
The Jakarta Post reported that, coal miner PT Baramulti Sukses Sarana is preparing to make its shares available to the public in the fourth quarter ...
Tuesday, 07 August 12
REALM RESOURCES COMPLETES STUDY ON ITS KATINGAN RIA COAL PROJECT
COALspot.com - Realm Resources Ltd. has announced that it has completed the Project Study for the Katingan Ria Project in Central Kalimantan, Indone ...
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- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Planning Commission, India
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
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