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