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Thursday, 22 November 12
DRY BULK MARKET RISE, BUT OUTLOOK SEEN DIM ON THE BACK OF RECORD NEW BUILDING DELIVERIES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market has been under hefty pressure since the start of the year, as a result of record newbuilding deliveries and below-par demand for cargoes, which haven't been offset that much by the record pace of ship demolition activity. As a result, the industry's benchmark has been hovering around subdued levels for some time now. Yesterday, the BDI (Baltic Dry Index) was up by 7 points to 1073, as a result of a rebound in Panamax activity, which together with the rise of the Supramax segment, were able to negate the rapid fall of the Capesize market.
Commenting on the Capesize segment, the latest weekly report from shipbroker Fearnleys noted that "with last 5 trading days showing only marginal fluctuations in levels concluded despite increased volumes, sentiment again turning nervous as improved activity fails to lift spot. Far East appears the most vulnerable, with rates for the WAust/China trade falling 10% and general Pacific rounds almost 15% w-o-w. Atlantic remains the bright spot in comparison – but with more speculation of massive volumes to be moved from Brazil during December than actual fixing, a steady flow of ballasters could soon change this picture. Support from paper levels combined with owners seeking predictable income for 2013 have allowed for limited period activity - representative fixtures include 175k dwt/built 2011 done for 10-14 months with delivery China mid Dec at USD 11250, 175k dwt/built 2010 delivering China prompt for 11-17 months at USD 11350, and 180k dwt/built 2011 delivery China prompt for 11-18 months at USD 11250" said the shipbroker.
On the Panamax front, Fearnleys added that "the last week has been strong for the Panamaxes both in Atlantic and Pacific. A sudden shortage of ships for early positions in Atlantic have driven transatlantic rounds up to around USD 8k, much thanks to coal cargoes from US and also some more grain cargoes from South America. Fronthaul on the other hand is not quite as busy, but both USG/China and ECSA/China fetching around 14500+450k ballast bonus. It was reported a period fixture with Atlantic delivery of 11/13 months at USD 8500. In the Far East there is enough activity for the market to slowly move upwards even though there are plenty of ships available. Coal to China is probably the main driver. A Pacific round pays around USD 8500, but maybe more interestingly the short period market in Feast pays around USD 7750 indicating that market players doesn´t really believe in this market for the longer term" the shipbroker concluded.
Finally, on the Handy front, it said that "the north Continent is seeing plenty of tonnages but lack of cargoes. TA business are around 11k and fronthaul is around 17k.Tonnages has tightened slightly in the US Gulf. For USG - SE Asia/Far East large eco Supra fixed at USD 18k. The Indian iron ore market remains quiet with less activity on WCI & ECI. India/China tct rate would be around USD 5k. Far East continues to be on positive side, 56k dwt fixing passing Spore for nickel ore RV at USD 13500. For Indo-India, large eco Supra now fixed at USD 12500 bss passing Spore. South Africa has been quiet this week. Red Sea fertilisers to India are fixed high teens" it said.
In a similar report, Piraeus-based shipbroker Shiptrade & Services said about the Supramax front that "positive news for the Supramax market, especially in the Atlantic basin, where a number of fronthauls from the USG in combination with the tonnage shortage in the area pushed the BSI at 674 points. Trips from the USG to FEast are expected to pay around USD 16,000 for large-eco Supras, whereas trips with redelivery Continent expect to pay around USD 11,500. On the other hand, the Cont/Med market still suffers of oversupply of Supras resulting to a large number of spot vessels. However, scrap cargoes ex Continent to Emed are regulars, with rates fluctuating around USD 8,500 - 9,000. A number of ballasters towards Gibraltar are expected in order to pursue better cargo availability.
Admittedly, in the Pacific Supramax market, the only support comes from the Indonesian cargoes, whereas the India market has been on the quiet side for another week, however, with significantly good volume of coal and nickel ore cargoes. NOPAC rounds pay approximately USD 8,000 plus a ballast bonus USD 300k. The Indian market is still stable, with Supras being fixed for Indo/India orders with delivery Singapore at levels around USD 10,500 and redelivery ECI. The Indian Iron Ore to China is expected to pay around USD 5,750 but on low volumes, whereas, no change has been observed for another week on the RBCT round, with rates still at USD 8000 + 200K ballast bonus. A small increase in short period requirements has been seen, with rates for large and eco Supras hovering around USD 8,500 to 9,000 levels" it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 07 July 15
FOB NEWCASTLE COAL SWAP ADVANCED MONTH OVER MONTH
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery up $ 0.28 per MT (-0.61%) month over month to US$ 45.85 per mt. The swap wa ...
Monday, 06 July 15
KOREA MIDLAND POWER COMPANY LIMITED ISSUED A TENDER FOR 250K MT BITUMINOUS COAL
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender for 250K Metric Tons (MT) of 5300 kcal/kg NAR coal ...
Monday, 06 July 15
COAL TRADING & RISK MANAGEMENT TRAINING COURSE
Are you ready to invest in yourself and take your trading and risk management strategy to the next level? The Coal Trading & Risk Management Tr ...
Monday, 06 July 15
CFR SOUTH CHINA COAL SWAP; DECLINED D-O-D,W-O-W AND M-O-M
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery declined US$ 0.53 (1.01%) per MT month over month.
A commodity swap ...
Sunday, 05 July 15
THE BALTIC DRY INDEX WAS DOWN 18%; PANAMAX UP 9%
COALspot.com: The freight market was soft during this week. However indices closed slightly firmer end of the week on 3rd July.
The BDI was do ...
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- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Australian Coal Association
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
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