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Thursday, 29 November 12
DRY BULK MARKET SLIGHTLY HIGHER DESPITE LULL ACTIVITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market was marginally higher yesterday, according to the industry's benchmark, the Baltic Dry Index (BDI), which rose by 7 points to 1,104 points. The Capesize market was unchanged yesterday, while a small decline of 14 points was evident in the Baltic Panamax Index (BPI), which tracks the Panamax segment of the market. By contrast, the Supramax market inched higher yesterday, reaching 751 points. According to the latest weekly report from shipbroker Fearnleys, it was a fairly steady Panamax market this week, "with $8.5-9k/day for 2 laden legs in Atlantic. Owners seek long duration to secure a decent income over the coming holidays. A premium for shorter rounds, illustrated by a post Panamax fixed USD 9.5k for Murmansk/Rdam run.
Short period deals in Atlantic, with worldwide redelivery, done around USD 12-12.5k/day. These high levels achieved due to a decent fronthaul market which has hovered around USD 14-15k/day. Standard LME achieved 18k for Bsea/China whilst ECSA business pay 9k bss delivery WCI also on LME. In the F.East levels are stable, but does not show much inclination to increase further; 8-8.5k done for E.Aussie/China runs, whilst around 9.5k done for W.Aussie/China. With vessels opening N.China growing in numbers we expect rates to decline in the forthcoming weeks. Kamsarmax fixing 8.5k bss delivery N.China for a trip via Nopac to Spore-Jpn range. For period 4-6 mos should pay around mid/high USD 7k/day range" said Fearnleys.
Meanwhile, on the Capesize market, the shipbroker stated that it was "busy in the Pacific with a good number of fixtures from West Australia to China by the major miners, however frt rates just slightly improved from low 8s to 8.75. Fronthaul remains inactive with a good number of ballasters but hardly any cargoes for Tubarao/Qingdao, and Vale keeping quiet. The Atlantic is still well balanced and rates keeping steady in spite of low activity" it said in the report.
On the Handy front it noted that "the Atlantic market continues to remain quiet due to more supply of ships. Rates from USG to FEast were around USD 18k and Black Sea to FEast about USD 10k. USG-Skaw/Passero rates are around USD 12k. The Pacific market remained firm with increased cargoes. For Indo-India, large eco Supra now fixed at USD 14k for dely Singapore. Nopac also fixed bss APS at USD 9k + BB USD 325k. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 5k and ECI-China around USD 4k. RBCT rv fixed at APS USD 8500 + BB USD 300k. Red Sea fertilisers to India are mid/high teens. Not much activity seen on short period and rates around USD 9500 for large Supra" Fearnleys concluded.
In a separate report, commenting on the Supramax segment, Shiptrade & Services noted that " for second week in a row, the Atlantic Supramax market has shown a substantial recovery on the rates, taking advantage of the tonnage shortage in the region. Trips out of the USG towards the Continent/Med are paying around USD 11,500 whereas front hauls are being fixed at USD high teens with owners pushing for rates above USD 20,000. Due to the shortage in tonnage supply, the upward trend from the USG is expected to continue in December. Same situation in the ECSA market where a number of sugar and grain cargoes have been seen in the market for December and owners are keen to push for high rates. The Continent and Med market has not shown any improvement during the past week. Trips back to the USG pay approximately USD 3,250 whereas scrap from the Continent to Emed remains below USD 9,000. Some short period reaction from charterers has been shown after a while, but a very small number of businesses have been finalised so far.
In the Pacific Basin, owners are pushing for higher rates taking advantage of the tonnage shortage of prompt stems, especially in the Indo coal, which remains for another week, the strongest feature of the market. For trips from Indonesia to India, large eco supras are being fixed at levels close to USD 12,000 bss delivery passing Singapore with the trend leading towards the USD 13,000 area depending on vessel's specs. For another consecutive week the India Iron Ore market has not shown any positive reaction with low volume of cargoes, with rates hovering in the USD 4,500 - 5,500 range. The S.Africa market too has been on the low side, with a very small volume of cargoes on the market. Small increase in short period requirements has been seen, with rates around USD 8,500 to 9,000 levels" the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Thursday, 10 January 13
DRY BULK PANAMAX MARKET HEAVILY OVERSUPPLIED, UNLIKELY TO FIND SUPPORT IN 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite positive indication for a significant surge of dry bulk demand this year, the oversupply problems of the market, will continue to weigh heav ...
Tuesday, 08 January 13
HOLIDAY ACTIVITY SCARCE IN THE MARKET OF SECOND HAND VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Although the market for second hand vessel purchasing was quite lull during the Holiday period, as is usually the case, the first days of the New Ye ...
Tuesday, 08 January 13
NEWCASTLE PORT SHIPPED 3.197 MILLION MT OF COAL W/E 7 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 3,197,580 MT of thermal and coking coal for week ended 0700 hours 7 January 2013, Newcas ...
Sunday, 06 January 13
CFR SOUTH CHINA COAL: 2014 DELIVERY CLOSED US$ 6.80 HIGHER THAN Q1 '13 PRICE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has gained 0.37 percent WoW and CFR South China coal sh ...
Sunday, 06 January 13
COAL BOOM: WAKE-UP CALL FOR INDIA & INDONESIA! - SUNIL K KUMBHAT
COALspot.com - Coal Boom : Scenario, Now & later!
Coal has been the dominant fuel for power generating plants in developed countries since th ...
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- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
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