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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, 01 September 12
PANAMAX FREIGHT RATES UNDER PRESSURE FROM LOW DEMAND - VISTAAR
COALspot.com - This week the freight market was weak with mixed results.
The BDI was down by 1.95 pct closing at 703 points, however there was so ...
Friday, 31 August 12
ADVERSE SHIPPING MARKET CONDITIONS SHORTENS LIFE SPAN OF VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The adverse conditions which have been put in place in the world's freight markets, means that ship owners are forced to scrap vessels of a much yo ...
Thursday, 30 August 12
INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 7K FOR DELIVERY SINGAPORE - FEARNLEYS AS
Handy
The Supra market continued its negative trend with little fresh business entering the market. Continent positions fixed around USD 4k for tri ...
Thursday, 30 August 12
DRY BULK MARKET STILL LOOKING OUT FOR BETTER DAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With things in China moving slowly this week, as a result of holidays, it’s no surprise that the latest positive trend in the dry bulk market ...
Wednesday, 29 August 12
COLOMBIA'S MINING BOOM: PART TWO - JOSEPH KIRSCHKE
One of the most prominent casualties of Canada's entry into the Colombian mining sector has been a priest named Jose Reynal-Restrepo. Last Septembe ...
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- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Xindia Steels Limited - India
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- The University of Queensland
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
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