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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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Friday, 12 October 12
INVESTMENT OPPORTUNITIES OCCUR IN THE SECOND HAND VESSEL MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although 2012 has by now evolved into one of the most challenging years for global shipping industry, ship owners are scouting the second hand ship ...
Thursday, 11 October 12
SINGAPORE BASED COAL SOURCE AND SHIPPING BAGS 300K MT IMPORTED COAL SUPPLY CONTRACT FROM TNPL
COALspot.com - India-based paper manufacturer Tamil Nadu Newsprint and Papers Limited has awarded a tender for 300,000 mt of imported steam co ...
Thursday, 11 October 12
PANAMAX : SINCE LAST WEEK RATES HAS FIRMED FOR ALL TRADES - FEARNLEYS AS
Handy
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 B ...
Wednesday, 10 October 12
NEW BUILDING MARKET ON A QUIET WEEK, DUE TO ASIAN HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The newbuilding ordering activity has been more than quite during the course of the past week, as a result of holidays in both Korea and China. Acco ...
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 ...
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- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Planning Commission, India
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
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