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Thursday, 11 October 12
DRY BULK MARKET STEADY AFTER CHINESE HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market hasn't yet staged a solid rebound after last week's holidays in China, as many would have expected. Indeed, many analysts were anticipating elevated purchases of iron ore from Chinese buyers, but up until today, this hasn't yet been the case. In fact, as the latest Chinese reports have indicated, iron ore stockpiles at the country's major ports, continue to be in rather high levels. The only potential "game changer" at this moment could be the fact that some Chinese will be willing to take advantage of the low iron ore prices and stockpile more raw material.
As a result, the BDI (Baltic Dry Index), the industry's main benchmark has remained virtually unchanged, as was the case in yesterday's session, which saw the index stable at 875 points. The Baltic Capesize Index was down by 54 points to 1,775 points yesterday, as a result of lower demand for Capesizes, which are mainly used to haul iron ore and coal to China. By constrast, the Panamax market, which has been suffering in the past month or so, managed to stage a rise, with the Baltic Panamax Index (BPI) rising by 72 points to 784. Smaller dry bulk carriers remained steady yesterday.
According to the latest report from shipbroker Fearnleys, commenting on the Capesize markets this week, it said that "hikes in this segment have proved to be short-lived this year, and the past week seems to fit well into the pattern. Spot, period and paper levels are all sliding on lower fronthaul activity combined with increased Chinese tonnage supply following holidays. After peaking at a 9-months´ high of close to USD 11300, average daily return has so far come off some 13% in 3 days.
handful of proactive owners have made good use of the pre-peak sentiment and secured period coverage before levels again dropped substantially - notable fixtures include 180k dwt/blt 2010 delivering China prompt for 10-14 months at USD 12k and 170k dwt/blt 1999 done for 5-7 months at USD 10750 with same delivery. More spikes are expected during Q4, but fundamentals do not indicate neither long-lasting nor dramatic improvements" Fearnleys said.
On the Panamax front, the shipbroker's report added that "we have now experienced several weeks of downward pointing curves in both hemispheres, but this week we finally experienced some positiveness. Since last week rates has firmed for all trades. Atlantic round market which has hovered around USD 500 daily has now climbed to a level of around USD 5-6k depending on delivery. The fronthauls with delivery Continent are today being fixed in region of USD 18k compared to the 12k being achieved last week. We see more coal cargos in the Atlantic and fresh grain cargos fuelling the increasing market. In the Pacific we see rounds being fixed at around USD 6-6.5k + a ballast bonus. The period market has also experienced some increase in rates much supported by the FFA values also increasing" the report mentioned.
Finally, in the Handy market front, Fearnleys said that "the Atlantic market remains quiet due to lack of cargoes and more supply of ships. Rates from Continent to East Med were around USD 14k and Black Sea to FEast about USD 15k. USG-Skaw-Passero rates are around USD 11k and rates for USG-FEast about USD 18k. The Pacific market remained stable with rates mostly unchanged. For Indo-India, large eco Supra now fixed at USD 10k for dely Singapore. Nopac also fixed bss APS at USD 8k + BB 325k. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 5k and ECI-China around USD 4k. 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 9k for large Supra" it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Thursday, 24 January 13
INDO - INDIA NOW AT APS $ 8K + BB USD 90000 - FEARNLEYS AS
Handy
The Atlantic market remains stable as supply of tonnage is still in excess of demand. USG- Far east fixed at $18k and CONT-FEAST at $ 11k. Pa ...
Thursday, 24 January 13
DRY BULK MARKET FALLS ON TROPICAL CYCLONE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been on the downside during the past couple of days, mainly as a result of the tropical storm which forced ports to close do ...
Tuesday, 22 January 13
PORT OF ANTWERP HANDLES 7.0 PERCENT MORE COAL IN 2012 Y-Y
COALspot.com - The port of Antwerp handled 184,134,516 tonnes of freight last year.
This represents a drop of 1.6% compared with 2011, when the v ...
Monday, 21 January 13
NEWCASTLE PORT SHIPPED 10.21 PERCENT LESS COAL W/E 21 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 2,804,152 MT of thermal and coking coal for week ended 0700 hours 21 January 2013, Newca ...
Monday, 21 January 13
PANAMAX DRY BULK CARRIERS AND AFRAMAX TANKERS PROVED TO BE THE "WEAPON OF CHOICE" FOR MOST SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With ship financing getting ever so difficult to procure during the past year or so, ship owners had to get creative in order to persuade banks and ...
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- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- White Energy Company Limited
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
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