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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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Saturday, 08 September 12
INDO INDIA ROUTE FREIGHT FOR SUPRAMAX REMAINS STRONG - CAPT. REDDY
COALspot.com - The freight market overall remained weak and except for cape index all other sectors were down. The biggest drop was in the Panamax s ...
Saturday, 08 September 12
RIO TINTO COMPLETES ACQUISITION OF BHP BILLITON'S INTERESTS IN RICHARDS BAY MINERALS
Rio Tinto has doubled its holding in Richards Bay Minerals (RBM) following the completion of its acquisition of BHP Billiton’s entire inte ...
Friday, 07 September 12
HBA GAINS $ 1.56 PER MT IN SEPTEMBER
COALspot.com - The Indonesian government’s declared coal reference price has gained US$ 1.56 per MT M-o-M. This is the first gain ...
Thursday, 06 September 12
SOME ANCHORED PANAMAX VESSELS WAITING FOR CARGOS TO COME
Handy
According to Fearnleys weekly report, in the smaller segments Fearnleys sees little to no changes since last week. There are still entering s ...
Thursday, 06 September 12
DRY BULK CARRIERS STILL IN HIGH DEMAND AMONG SHIP OWNERS, BUT NEWBUILDING ACTIVITY SLIDES IN AUGUST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The slide of the dry bulk market this year hasn't abated ship owners' appetite for dry bulk carriers, as evidenced by the steady interest expresse ...
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- New Zealand Coal & Carbon
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- Pipit Mutiara Jaya. PT, Indonesia
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- The State Trading Corporation of India Ltd
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- Heidelberg Cement - Germany
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- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
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- Parliament of New Zealand
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- Tamil Nadu electricity Board
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- Energy Link Ltd, New Zealand
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- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Planning Commission, India
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- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
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- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
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- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
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- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
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- Africa Commodities Group - South Africa
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- Bukit Makmur.PT - Indonesia
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- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
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- Chamber of Mines of South Africa
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- Directorate Of Revenue Intelligence - India
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- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
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- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
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- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
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- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
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- Georgia Ports Authority, United States
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
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- Eastern Energy - Thailand
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- Independent Power Producers Association of India
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- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
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- Salva Resources Pvt Ltd - India
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- The University of Queensland
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- Orica Australia Pty. Ltd.
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- Mintek Dendrill Indonesia
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- Wilmar Investment Holdings
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- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
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