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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 heavily in terms of freight rates. Yesterday, the BDI was up by 9 points to 743, with Panamaxes posting an increase of 35 points to 717 (Baltic Panamax Index), which was enough to push the market higher, as all other subsectors were mostly unchanged. According to a recent note from analysts Commodore Research & Consultancy, "Chinese demand for imported thermal coal has started the week at an extremely robust level and is poised to stay strong during the remainder of this week. 8 vessels were chartered to haul thermal coal cargoes to China on Monday (including 7 panamax vessels). This was a huge amount for a single day's worth of chartering activity.
During times of moderate demand, an average of 3 vessels are normally chartered to haul thermal coal cargoes to China each day. Demand is poised to stay robust throughout this week and into next week due to low Chinese coal port stockpiles and intensifying winter electricity demand. Coal stockpiles at Qinhuangdao (China's largest coal port) have fallen to 6.1 million tons. This is well below the crucial 7mt level that officials strive to maintain at all Coal stockpiles at Qinhuangdao times (Qinhuangdao is of great importance to Chinese officials, as it is the loading have fallen to 6.1mt, which is port for approximately 40% of China's coastal coal shipments)" said the analyst.
Still, according to Commodore, panamax rates aren't expected to find significant support in the near term. "We continue to anticipate that newbuilding deliveries will be very high this month. Dry bulk fleet growth traditionally surges every January, as owners normally delay a large amount of December deliveries to be delivered one month later in January. Delaying December deliveries allows owners to receive vessels that will be viewed as being a year younger. A year ago, for example, saw 19 panamax vessels delivered in December 2011 and then 39 delivered in January 2012. Delaying delivery just one month allowed owners to obtain a 2012-built vessel, rather than a 2011-built vessel. We strongly believe this trend will continue this year, which makes it unlikely that panamax rates will find significant support in the near term (the panamax market is currently the most oversupplied dry bulk vessel class and we expect it will remain so during all of 2013). The surge in Chinese thermal coal demand, however, is a positive sign regarding the Chinese economy and the Asian thermal coal market" it concluded.
In a separate note yesterday, shipbroker Fearnleys noted on the Panamax market that "some glimmers of hope mid-week with more cargoes entering the market, especially in the Atlantic. Some owners with ships able to breach IWL are able to get a premium for prompt cargoes, but regular Tarvs are now being fixed at around USD 6500 while fhauls with Continent delivery will fetch around USD 13-14k. In the Pacific we see rates at around USD 3-4k for round trips, more cargoes however will the number of ships absorb these cargoes? The period market has been somewhat more active beginning 2013 with a 2-year deals being done at USD 6.5 for an older vessel and around USD 7500 achievable for LME´s" it said.
In the Capesize market, Fearnleys said that "the past week has seen gradual increases in rates across all fronts in the Cape sector, both on the physical and paper side. Strong volume has come out of West Australia, causing rates to climb from USD 7 to 7.20 pmt, with prompt tonnage booked closer to the USD 8 pmt mark. However, at the time of writing, caution is being exercised in light of the approaching cyclone off the West Australia coast, and it remains to be seen whether this will put downward pressure on rates or not. Whilst Vale remains quiet, sentiment has slightly improved on fhaul, with better rates achieved for Tubarao/China (around 17.5 USD pmt). Similarly, slightly firmer numbers are being discussed for period business, with USD 8500 being done for 5-8 months, and a healthier USD 10,750 rate achieved for 9-13 months" the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Sunday, 20 January 13
Q1 & Q4 SUB-BIT FOB INDONESIA COAL SWAPS: FIRM
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) and CFR South China coal shipment for average Q1’ 2013 delivery have gained 0.81percent and ...
Sunday, 20 January 13
S7 & S8 ROUTE FREIGHT TREND IS EXPECTED TO BE FLAT TO SOFT THIS WEEK - VISTAAR
COALspot.com - The freight market was fairly steady with all the indices BDI up by 9.21 pct closing at 837 points. The Cape index was also sharply u ...
Friday, 18 January 13
NEWLEAD HOLDINGS LTD. TO ACQUIRE TWO COAL PROPERTIES WITH ESTIMATED COAL RESERVES OF 18.6 MMT & 143.1 MMT
NewLead Holdings Ltd. Announces Signing Agreement to Acquire Properties with Estimated Coal Reserves of 18.6 Million Tons; Signing Agreement to Acqu ...
Friday, 18 January 13
DRY BULK MARKET ON THE RISE, ON STRONG DEMAND FOR CAPESIZE VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has continued its climbing trend yesterday, as the industry's benchmark, the Baltic Dry Index (BDI) was up by 39 points to 820. ...
Friday, 18 January 13
CAPESIZE : SIGNALS ARE MIXED BUT THE OVERALL TENDENCY IS POSITIVE - FEARNLEYS
Handy
The Atlantic market remained stable with USG-Feast fixed around USD 17k, according to fearnleys’s weekly report.
Continent / Medite ...
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- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
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