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Friday, 10 August 12
DRY BULK MARKET DROWNING FROM TONNAGE OVERSUPPLY - HELLENIC SHIPPING
 The dry bulk market has been overflowing with new building vessels, despite the fact that demand is more or less (and minus the seasonal factors) rising this year. yesterday, the BDI (Baltic Dry Index), the market’s benchmark, retreated by 22 points to just 790 points, flirting with the lowest levels of this year, reached back in February. Supramaxes were the main driver of yesterday’s fall, as the relative index retreated by 40 points to 906. Similarly, all other ship markets were down on the day, with the Capesizes losing 12 points (1,192 points), the Panamaxes retreating by 17 points to 823 and the Handysizes, as always showing smaller volatility signs, losing just 3 points, to 535. What’s more notable is the fact that the dry bulk market has been on a slide for more than two weeks, with most ship owners looking for some respite in the coming weeks through to September.
According to the latest report from shipbroker Fearnleys, in the Capesize market the general trend is for, “more ships and overall lack of cargoes. It was however a minor rush in the middle of the week out of west Australia, resulting in freight rates excess USD 7 pmt for this route as well as creating some positive wibes in the market, but only short lived. Fronthaul remain more or less unchanged, but a lack of fixtures. A couple of fixtures for short period in the low 9,000s” Fearnleys said. Similarly, Shiptrade had earlied noted that “the market dropped throughout the week for capes with the BCI closing at 1200 decreased by 9 points whereas the average of the 4 TC routes fixed at USD 4,346 reporting a reduction of more than USD 300 compared to last week. In the Atlantic basin, the fronthaul trade declined by USD 500 fixing at USD 21,500 mainly due to lack of fresh requirements whilst the transantlantic round trips ended up at USD 4,250 decreased by USD 250. The same negative sentiment in the Pacific basin with the round trips fixed at USD 4,250 levels. The Australian iron ore trade kept playing a determinant role covering many vessels but not enough in order to increase rates. Period activity fixed at USD 9,250 levels, considerably decreased” it mentioned.
In the Panamax market, Fearnleys said that “the holiday season is now seemingly in full swing and we have experienced yet another slow week. Overall the market maintains its slow but steady decline with lack of fresh cargoes and a growing fleet list. Atlantic rounds are now being fixed at 6000 level DOP or on APS basis. Reduced activity also from South American where rounds have been done around 14,000 and 400k GBB. Activity in the Pacific is slow with NOPAC rounds in the 6000 range including Indonesia and Australia business. Period activity is low as the sentiment is suffering from lack of confidence. Short period levels at 8000 and 1 year closer to 9 for efficient and flexible tonnage” the shipbroker said in its weekly report.
Finally, in the Handysize/Supramax markets, Fearnleys stated that “the bearish sentiment is still prevailing in the market, regardless the areas/trades. Now it is only possible to get the rates close to USD 20k daily for the Baltic/Black Sea/USG to Far East voyages only. There is not much available in the USG/Continent route, it is paid less than USD 15k now. Average of TC routes is close to USD 10k, which is still impressive compared to Panamax equivalent. Period activity is scarce, one year employment was fixed at USD 9500 a day. The Pacific market has been falling. For Indo-India, large eco Supra now fixed at USD 5500 for dely mid China. Nopac also fixed bss APS at USD 7k + BB USD 300k. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 8k and ECI-China around USD 5k. RBCT rv fixed at APS USD 8k + BB USD 200k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 9500 for large Supra” it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Sunday, 16 September 12
GLOBAL LOW DEMAND ; INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS DIP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 1.345 percent W-O-W on Friday, 14 September 2012, closing but gai ...
Sunday, 16 September 12
THE FREIGHT RATES FROM INDONESIA TO INDIA EXPECTED TO BE STEADY - VISTAAR
COALspot.com - The freight market was mixed with most indices closing positive except for the Panamax index.
The main sentiment seems to be ...
Saturday, 15 September 12
FINANCE MINISTRY OPPOSES TAX INCENTIVE PLAN FOR COAL MINERS - JP
The Jakarta Post reported that, the Finance Ministry has turned down the idea of providing a fiscal incentive to the country’s coal mining ind ...
Friday, 14 September 12
DRY BULK MARKET LOOKS TOWARDS CHINA FOR SOME POSITIVE NEWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market freight rates submerged underwater for a large part of the year, dry bulk owners are looking for some positive enhancement ...
Friday, 14 September 12
GOVT OFFERS CONDITIONAL TAX HOLIDAY TO AILING COAL MINERS - JP
The Jakarta Post, one of the leading English news paper in Indonesia reported that, acknowledging difficulties encountered by coal miners due to a p ...
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- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Parliament of New Zealand
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
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