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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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Tuesday, 04 December 12
JATENERGY SIGNS MOU FOR INDONESIAN COAL ASSET
COALspot.com - Jatenergy Limited has announced that its fully-owned Indonesian subsidiary, PT Barata Energy (BE), has signed an exclusive, non-bindi ...
Tuesday, 04 December 12
NEWCASTLE PORT SHIPPED 55.88 PERCENT MORE COAL W/E 3 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,796,341 MT of thermal and coking coal for week ended 0700 hours 3 December 2012, Newca ...
Sunday, 02 December 12
YEAR 2013, YEAR OF SUPPLY OR DEMAND?
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1 2013 delivery gained 2.87 & 0.83 percent MoM and WoW respectively ...
Saturday, 01 December 12
TIGHT SUPPLY, DEMAND PUSH INDO-INDIA SUPRAMAX FREIGHT RATES HIGHER - VISTAAR
COALspot.com - The freight market was mixed this week as cape and Panamax indices are closing softer.
The BDI was down 0.37 pct closing at 1,086 ...
Friday, 30 November 12
FUTURE TREND OF SECOND HAND SHIP VALUES PUZZLING SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the major challenges that ship owners are facing today is whether or not to invest in a second hand vessel at any given time. For instance, i ...
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- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Posco Energy - South Korea
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
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