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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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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 ...
Thursday, 13 September 12
PANAMAX: THE NEGATIVE TREND, POOR SENTIMENT CONTINUES - FEARNLEYS AS
Handy
Lack of cargoes and a growing list of available ships is causing rates to slip for all Atlantic trades.
The only trade keeping somewhat s ...
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- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- The University of Queensland
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
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