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Thursday, 20 September 12
DRY BULK INCHES FORWARD AFTER WEEKS OF BELOW PAR PERFORMANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has started to revive from its ashed, as the past couple of days, traders have reported an increased activity from China, resulting in higher earnings for larger Capesize vessels. As a result, yesterday, the BDI (Baltic Dry Index) was up by 3.59 percent, reaching 722 points. The Baltic’s Capesize Index (BCI) was the biggest gainer, as it was up by an impressive 7.16 percent to 1,421 points. As a result of this, average daily earnings for Capesize vessels, typically used to transport coal and iron ore to China, reached $5,896, increased by $890 on the day. Traders and charterers indicated that China is on the process of iron ore restocking, as a result of higher steel prices.
According to Fearnley’s latest weekly report, commenting on the Capesize market, the shipbroker mentioned that “finally activity and rates picked up pretty good, as rates for west Australia to China improved from USD 7 to 7.35 and then to 8 in three days. The latter was for early dates, but still sending positive signals. For front haul, the index is presently at USD 19.50 - with owners rating around the 20 mark. And short period, which last week was fixed at USD 8000/low USD 8000, is presently USD 9000 (last done)” the report said.
By contrast, on the Panamax market, the Baltic’s Panamax Index was once again down by 1.27 percent to a mere 428 points, with oversupply of vessels being the key reason here, plaguing the market. As a result, average daily rates for the 60,000-70,000 vessels are now just $3,723 according to the Baltic Exchange.
Fearnley’s said on the Panamax market that it was “another week with softening rates in the Atlantic. Owners looking to cover their positions for an RV are now facing levels below USD 2k. These levels are well below Opex and some owners are reluctant to even do this and dropping anchor hoping to catch a big tuna instead. Front hauls are being fixed around 11-12k. In the Pacific, however, some positive remarks where rounds now are being fixed at ard USD 5k. China officials have announced approvals for a USD 100 billion stimulus package involving 25 new subway lines and thousands of kilometres with new high ways. This could lead to improved shipments of iron ore and coal for the future and might be what we are waiting for” the shipbroker noted.
On the Handy markets (Supramax and Handymax/Handysize vessels), Fearnley’s stated that “not a bad week for Supramax tonnage, if we compare Supramax developments to the bigger size tonnage. The rates have basically remained unchanged this week and only the front haul voyages from Baltic/BlSea were valued bit less by the comparison to last week numbers. Scrap cargoes from Baltic and Cont to East Med paid decent money at around USD 14/15k/day. USG to FE stems were paying in the region of 18,500/day. Average of TC routes finished at USD 8840, what a remarkable number compared to Panamax average. Pacific market became firm since last week with more cargoes and tight tonnage for spot cargoes. Indo-India rounds were around USD 12k bss Singapore dely. Nopac rounds were fixed at USD 8k dely dop Japan. Indian iron ore activity was quiet. WCI-India rounds were done at USD 7k and ECI-India was fixed at USD 5k. RBCT rounds were done at USD 8k + BB 250k bss APS. Red Sea fertilisers were fixed in high teens. Short period rates for large eco Supra were around USD 9k” the report said.
On a similar note on the Supramax size, Piraeus-based shipbroker Shiptrade & Services had noted that “Supramax market remained rather steady in low levels as the BSI index closed at 834 increased by 2 points than last week. Transatlantic rounds were seen closing at USD 4000 levels whilst there were some fixtures ex USG basis delivery Continent at USD 12000 levels. Most fronthaul trips were fixed at USD 15000 levels. In the pacific basin, market was surprisingly improved a little due to lack of spot positions. Thus we saw some fixtures for Indonesian rounds basis delivery Singapore at USD 10000 levels. NOPAC rounds were seen closing at USD 8000 levels basis DOP Japan. India as far as iron ore market is concerned, remained quite with fixtures ex India to China were closed at USD 7000 and USD 5000 for WCI and ECI respectfully. Red Sea fixtures with fertilisers to India were closed at USD high teens. Short period also remained quite with some fixtures at USD 8000”.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 10 October 12
TAPPING OPPORTUNITIES WITHIN GLOBAL ECONOMIC PERSPECTIVE
Press Release: Mining sector will continue to play a significant role in supporting industrial and economic development in Indonesia which is curren ...
Tuesday, 09 October 12
REALM RESOURCES RECOMMENCES DRILLING AT KATINGAN RIA COAL PROJECT
COALspot.com : Realm Resources Ltd. (ASX) has announced that it has commenced work on the phase three technical programme at its Katingan Project in ...
Sunday, 07 October 12
INDONESIAN GOVERNMENT DECLARED HBA FELL AGAIN IN OCTOBER
COALspot.com - The Indonesian government’s declared coal reference price has lost US$ 0.17 per MT M-M.
The monthly coal referen ...
Saturday, 06 October 12
CFR SOUTH CHINA COAL SWAPS FOR DECEMBER'13 DELIVERY GAINED 1.3 PERCENT W-W
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery gained 0.098 percent and 0.164 percent W-W and D-D respectively o ...
Saturday, 06 October 12
FREIGHT MARKET IS LIKELY TO PICK AFTER THE HOLIDAYS IN CHINA - VISTAAR
COALspot.com - The freight market appeared to be seeing some increase BDI up by 14.23 pct closing at 875 points. The Cape and Panamax index also saw ...
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- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- White Energy Company Limited
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- The University of Queensland
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Australian Coal Association
- Orica Mining Services - Indonesia
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