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Friday, 26 October 12
DRY BULK MARKET FALLS ON WORRIES THAT RECENT RALLY WILL BE SHORTLIVED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market retreated yesterday as a result of a plunge of the Capesize dry bulk carriers' segment, after their latest rally. As a result, the industry's benchmark, the BDI (Baltic Dry Index) was down by 1.89% yesterday to 1,088 points. The Baltic's Capesize Index gell by 2.2% to 2,530 points. Accordingly, average daily rates for Capesizes were down to $17,848 yesterday. Panamaxes were also down yesterday, with the respective index losing 2.14%, while average daily earnings retreated to $6,589. Similarly, ax ships were down $41 at $7,443.
According to the latest weekly report from shipbroker Fearnleys, in the Capesize market, "West Australia/China rates jumped into the 11s whilst Tubarao/Qingdao has been done close to 25 pmt. Although at the end of the week, the top seems to have been reached for now - but still too early to say and owners doing a good job in maintaining the expectations for further improvements. A good number of period fixtures lately, at steady levels. Last done for one year is 13750 for good spec/Nov delivery" it said.
Explaining the latest Capesize surge, Commodore Research said in a note that "Capesize fleet growth has slowed considerably during the last few months which has helped create an environment where availability has become significantly tighter. In August, the capesize delivery total matched the amount of Capes that were scrapped from the market (8 new Capes were added, 8 old Capes were removed). In September, the capesize market grew by a net addition of only 6 vessels (16 new Capes were added; 10 old Capes were removed). In comparison, during several previous months this year, the capesize fleet had grown by a net addition of as many as 28 vessels" it said.
The US-based consultant added that "Capesize spot availability also began to become much tighter during the last two weeks of September, due to a surge in Chinese demand for imported iron ore cargoes. A total of 61 capesize vessels were chartered to haul iron ore during the Weeks Ending September 21 and September 28, which was a weekly average of 30.5 capesize iron ore fixtures. In comparison, the rest of this year had seen an average of only 15 capesize iron ore fixtures surface each week. The jump in fixtures and rise in capesize port congestion and waiting times have created an environment wher capesize availability is much tighter and rates have been able to surge as expected.
On the Panamax front, Fearnleys reported that "the market is suffering, unaffected by the recent Capesize rally, Chinese stockpiling and stimulus packages. Volumes are thin and levels are falling in the Atlantic apart from a few pockets for transatlantic coal and Continent fronthaul showing strength. Voyage terms calculate well below the T/C index averages around mid 5k for T/A mid-week. Fronthaul activity from ECSA is limited at levels just above 13k + 300k GBB APS. Grains from USG keep moving at USD 46 pmt or 15500 + 550K GBB. Speculations on export bans from Ukraine may add ton-miles and fuel to freight levels on this trade. In the Eastern hemisphere, a steady stream of Indonesian coal has kept the market fairly active and balanced. Nopac rounds are done in the 7k range vs Indo rounds closer to 6k. Short period activity limited, although a Kamsarmax fixed 4-7 months at 7k/day" it said.
Finally, on the Handy/Supramax front, Fearnleys report noted that "the Atlantic market remained weak with more supply of ships. USG-FEast rounds fixed at USD 18k and trips from Cont-Med were about USD 11k. The Pacific market remained firm with steady flow of cargoes in the market. Indo-India rounds were fixed at USD 12k bss Singapore. Nopac rounds were fixed at USD 7k dop Japan. The Indian Iron ore activity remained dead and rates for WCI-China were USD 6k and ECI-China USD 5k. Red sea fertiliser cargo fixed to India in high teens. RBCT round fixed bss APS at USD 8k + BB 250k. Short period activity remained active and rates were around USD 10k" it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 15 October 12
IT'S STRICTLY COME CHARTERING - CLARKSON RESEARCH SERVICES
The charter market is a bit of a dance between ship owner and charterer: one leader, one follower; one step, two steps, turn... The dance is symbiot ...
Sunday, 14 October 12
SUB-BIT INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS: SOFT
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery lost 0.329 percent w- w but gained 0.248 percent d-d on Friday, 12 Oct ...
Sunday, 14 October 12
SUPRAMAX FREIGHT STEADY: PANAMAX FREIGHTS FIRM - VISTAAR
COALspot.com - The shipping market saw some hectic activity in the Cape and panamax sector and quite a lot of fixtures reported.
The BDI was up b ...
Friday, 12 October 12
HOW REAL IS THE THREAT OF PIRACY? - BIMCO
The threat of modern piracy remains serious, regardless of its seasonal variations and the fact that it is chiefly confined to the Indian Ocean, Gul ...
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 ...
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- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- The University of Queensland
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Planning Commission, India
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
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