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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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Sunday, 23 November 14
ITALY'S STEAM COAL IMPORTS TO DROP BY 11% IN 2014 - ASSOCARBONI
COALspot.com: Italy’s steam coal imports expected to drop to 16 million tons in 2014 (-11% compared to 2013); coking coal imports to plunge t ...
Saturday, 22 November 14
THE FALL IN BUNKER PRICES REDUCE FUEL COSTS SIGNIFICANTLY - BIMCO, PETER SAND
For a ship that burns 24 tonnes of fuel per day while steaming, fuel costs are reduced by as much as USD 1 million a year if current price level st ...
Saturday, 22 November 14
DRY BULKERS NEWBUILDING DELIVERIES REACHED 11.8 MILLION DWT DURING THIRD QUARTER, NET FLEET GROWTH FOR 2014 TO REACH 5% - HELLENIC SHIPPING NEWS
The dry bulk market has rebounded since its less than impressive performance since the start of the year, but overall, third quarter figures could ...
Friday, 21 November 14
BUMI ENTERS INTO CONDITIONAL SALE & PURCHASE AGREEMENT TO SELL FBS STAKE
COALspot.com: PT Bumi Resources Tbk, one of the Indonesia's largest coal producers confirms that it has executed a Conditional Sale and Purchas ...
Friday, 21 November 14
U.S LAST WEEK'S COAL PRODUCTION STAYS FLAT W-O-W
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.9 million short tons (mmst) of coal ...
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- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- The University of Queensland
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
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