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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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Friday, 13 September 13
DIRECTOR GENERAL OF MINERAL AND COAL OF INDONESIA REVISED UP COAL PRICE REFERENCE TO US$ 76.89
COALspot. com - The Indonesian government has revised up its owned coal bench mark price by US$ 0.19/ MT to US$ 76.89 for September 2013 deliveries ...
Thursday, 12 September 13
PANAMAX : PACIFIC ROUNDS ARE NOW REPORTED BETWEEN USD 13K AND 15K PER DAY - FEARNRESEARCH
Handy
Nickel ore is a key support SE Asia/Feast rate at the moment; vessel in N.China were fixed around USD 11-12k, ships in mid China can expect a ...
Thursday, 12 September 13
CAPESIZE MARKET WILL BECOME EVEN TIGHTER - JEFFREY LANDSBERG
COALspot.com : While it is no secret that current capesize availability has become tight and has caused capesize rates to surge, availability is set ...
Thursday, 12 September 13
OVER THE WORST? WE MIGHT FIND OUT THIS WEEK - BIMCO
The shipping market has a spring in its step, even as summer draws to a close. There is it seems, confidence that finally, we are emerging into the ...
Thursday, 12 September 13
DRY BULK MARKET RALLY COMES AT A GOOD TIME FOR MOST SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The latest surge of the dry bulk market has helped offset other lingering factors, which otherwise, could have plunged freight rates to new lows. Fo ...
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- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Bhatia International Limited - India
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- The University of Queensland
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
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