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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 was put on hold. Yesterday, the BID (Baltic Dry Index), the industry’s benchmark was down by 6 points to 718 points, with the Panamax market facing the most downward pressure. The relative index (BPI) was down by 24 points to 788, while almost any other ship market was also on the downside, with the exception of the Supramax one, which was practically unchanged. The main gainer from last week’s rally, the Capesize market, was down by 5 points and still unable to bring itself to any meaningful recovery.
In its latest weekly report, Fearnleys commented on the Capesize market, that a week-on-week improvement in daily earnings of more than 20% would under normal circumstances be remarkable, but when basis is around usd 2700 it hardly raises eyebrows. The last few days have seen a micro-rally caused by Australian miners paying up to replace tonnage delayed by bad weather, and a certain optimism has been evident also for the Brazil/China iron ore trade on speculations that chinese mills will take advantage of falling iron ore prices. Fundamentals generally remain unchanged, however, and present spot average value of usd 3300/day still covers less than half of daily running costs. Despite this, majors keep picking short period tonnage, although at ever lower levels - recently exemplified by 177000 dwt/built 2007 delivering china prompt for 4-7 months at usd 8k/day said the shipbroker.
In a separate report, shipbroker Shiptrade & Services noted on the Capesize front, that «the downwards trend continued at the beginning of the week although slightly improved at the middle-end of the week with the BCI closing at 1124 increased by 29 points and the 4 TC routes ending up at USD 2,927. In the Atlantic basin, rates remained steady at low levels with the fronthaul trips ending up at USD 18,500, same levels as last week, while the transantlantic round trips fixed at USD 2,750 reporting a modest increase of USD 250. The same sentiment applied in the pacific market with the Australian iron ore trade producing cargoes, but not enough in order to cover the oversupply of tonnage at the area. In this respect, round trips fixed at USD 3,750. Period activity fixed around at USD 9,000 levels for one year it said.
Meanwhile, in the Panamax market, Fearnleys noted that bank Holiday in London on Monday did not help the already bearish sentiment in the Panamax market. It was an extremely quiet start to the week and rates are continuing to slip in both hemispheres. We see the commodity imports to China slowing further and experienced several cargoes failing subjects due to not closing the sale it self. Mid week we see some more cgos in the Atlantic but the number of vsls are still outnumbering the cargoes. Tarvs are being fixed in region of Usd 5k while Fhauls are being fixed at around Usd 15/16k with Cont delivery. In the Pacific rounds are being fixed at ard the same levels as in the Atlantic ie 5k. The period market is non excisting with levels that can be achieved are too low for owners to even consider it said in its report.
Concluding its weekly analysis, Fearnleys said on the Handy markets that «the Supra market continued its negative trend with little fresh business entering the market. Continent positions fixed around USD 4k for trips to US Gulf, and USD 17500-ish for east redel. The US Gulf market kept more stable and fixed in line with last week, at low USD 11k towards Continent.
Pacific market remained quiet due to lot of ships available. For Indo-India, large eco Supra now fixed at USD 7k for dely Singapore. Nopac also fixed bss APS at USD 7k + BB USD 250k. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 7k and ECI-China around USD 5k. RBCT rv fixed at APS USD 7k + BB USD 250k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 9k for large Supra it stated.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 28 September 12
DRY BULK SECOND HAND VESSELS ON HIGH DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the demise of the dry bulk market and the collapse of freight rates since the beginning of 2012, on the back of record breaking newbuilding ...
Thursday, 27 September 12
MINING RE-COMMENCES AT ORPHEUS' B2 EAST KALIMANTAN COAL PROJECT
- B2 project overburden removal completed and coal exposed
- Coal getting has commenced with target production of 30,000tpm
- Orpheus to re ...
Thursday, 27 September 12
HANDY: THE PACIFIC MARKET IS GETTING WEAKER WITH UPCOMING GOLDEN WEEK HOLIDAYS - FEARNLEYS AS
Handy
Yet another week with rates softening in all trades. Especially owners with ships open Continent struggle to find employment paying decent mo ...
Thursday, 27 September 12
DRY BULK MARKET LOSES STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The rise of the BDI (Baltic Dry Index), the dry bulk industry’s benchmark during the course of the previous week, proved to be short-lived, as ...
Wednesday, 26 September 12
NEWBUILDING ORDERING ACTIVITY REMAINS SUBDUED ON GLOBAL MARKET UNCERTAINTY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Newbuilding ordering activity has been on the down side during the past few weeks, a trend also noticeable during the course of the past few days, a ...
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- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- The Treasury - Australian Government
- White Energy Company Limited
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Australian Coal Association
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
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