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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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Sunday, 09 December 12
LOW DEMAND PUSHES CHARTER RATES TOWARDS DOWN - VISTAAR
COALspot.com - The freight market has softened and BDI, The Baltic Dry Index, a measure of shipping costs for dry bulk goods, plunged below 10 ...
Friday, 07 December 12
A NEW PHASE FOR AUSTRALIAN RESOURCES - A FITCH STREET INTERVIEW
This week Matt Jamieson spoke with Andrew Colquhoun in Fitch's Asian sovereign rating team, and Vicky Melbourne, Fitch's commodity analyst based i ...
Friday, 07 December 12
SHIPPING INDUSTRY LOOKING ON YET ANOTHER TOUGH YEAR AS WE APPROACH 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With shipping finance "on the ropes" as traditional lenders appear to be cutting their losses and tonnage oversupply still the most import ...
Thursday, 06 December 12
PANAMAX : THE POSITIVE VIBES IN THE ATLANTIC REMAINS - FEARNLEYS AS
Handy
The Atlantic market is still depressed with dearth of cargoes and more ships. The trips from Continent to Feast fixed around USD 12k. Trips f ...
Thursday, 06 December 12
STRONG CHINESE DEMAND FOR DRY BULK COMMODITIES EXPECTED FOR 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A new analysis from BIMCO released yesterday suggests that 2013 is expected to be a stronger year in terms of China's "hunger" for commod ...
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- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- PTC India Limited - India
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- VISA Power Limited - India
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Wilmar Investment Holdings
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- The University of Queensland
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Orica Mining Services - Indonesia
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