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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, 03 May 13
SHIP OWNERS ARE INVESTING HEAVILY IN DRY BULK CARRIER NEWBUILDINGS ONCE MORE: IS THERE ANY RATIONALE? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the dry bulk market remains heavily oversupplied and just as the orderbook of newbuildings had began to shrink, it seems that sh ...
Wednesday, 01 May 13
NEWCASTLE PORT SHIPPED 23.14 PER CENT MORE COAL WEEK ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,997,729 tons of thermal and coking coal for week ended 0700 hours 29 April 2013, Newca ...
Tuesday, 30 April 13
KATINGAN RIA THERMAL COAL TO START PRODUCTION FROM EARLY 2014
COALspot.com - Realm Resources Ltd. (ASX: RRP) has announced the completion of the Feasibility Study for its 51% owned Katingan Ria thermal co ...
Monday, 29 April 13
FIRST TRADES OF SGX API 8 CFR SOUTH CHINA COAL SWAP
COALspot.com - The SGX API 8 CFR South China Coal Swap went live for clearing on SGX-DC today with a total volume of 25,000 metric tonnes (25 lots). ...
Sunday, 28 April 13
SUB BIT INDONESIA COAL & CFR SOUTH CHINA COAL SWAPS STAY POSITIVE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average May 2013 delivery has gained 0.34 percent and CFR South China coal shipment gai ...
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- Gujarat Sidhee Cement - India
- The University of Queensland
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
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