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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. The leading market was the Capesize one, with the BCI (Baltic Capesize Index) rising by 142 points to 1,573. Handysizes were also a bit higher, while the two other major subsegments retreated by 11 (Panamaxes) and 3 points (Supramaxes) respectively. According to the latest weekly report from shipbroker Fearnleys, commenting on the Capesize segment it noted that "signals are mixed but the overall tendency is positive, with Atlantic leading the way. The Tubarao/Qingdao conference trade is showing strength, with major takers out to book tonnage for February dates at "last done or touch better" - next fixture expected to be USD 19 pmt or close, up some USD 1. 50 pmt or around USD 15% in net earnings w-o-w. Pacific levels follow suit, although volume in this area is limited. Paper is giving renewed support for period activity, and notable fixture include 176k dwt/built 2012 done for 8/12 months at USD 10250 basis China end January, 180k dwt/built 2011 for 8/12 months at USD 10750 basis China prompt, and an even stronger 161k dwt/built 1996 for 8/12 months at USD 10k basis China prompt" it noted.
In a similar note, Shiptrade & Services had noted on the Capesize market that it was a positive week, with rates increasing steadily. "The Atlantic market has shown a relatively positive week with the Tubarao/Qingdao route yielding TCE of about USD 17,250 improved by 500 USD and the transantlantic round trips closing at around USD 6,750/USD 7,000 increased by USD 1,250 compared to last week’s levels. As for the fronthaul trade, fixture has been concluded ex EMed via Bsea to China at USD 26,000. Despite the cyclone which hit West Australia and affected negatively iron ore trade, Pacific market slightly picked up with the round trips ending up at around USD 6,750 improved by USD 750. Period levels at around USD 10,250 for one year" the shipbroker said.
On the Panamax front, Fearnleys added that "after a positive drive last week, driven by fresh Atlantic cargoes and ECSA loaders, the market has come to a halt with a decline in both volumes and levels. Both the Atlantic and the Pacific is definitely slower, with still a few but not enough fresh cargo injection and seem at best to be consolidating before any new clear direction is proven. Still large amount of newbuidings are coming out of yards and number of ballasting dir RBCT/ECSA is increasing. Atlantic rounds are pending between 6k for short rounds and 8k for 2ll. Fronthaul paying like 14k with a premium for Baltic loading. Whilst in the Pacific owners ask 7k DOP for ECSA rounds with less takers, the Indo/India rounds have come down to 5 + 50 APS. The period market is drying up after a few longer deals done end of last/early this week including a super eco Kamsarmax at 9k for 18-24 months. Owners now ask 7k+ for short period, but takers are focused on new eco design and wide spreads to consider same" the shipbroker concluded.
Finally, in the Handysize front, it noted that "the Atlantic market remained stable with USG-Feast fixed around USD 17k. Continent/Mediterranean-Feast fixed at USD 10k. The Pacific market remained weak with lot of ships and less cargoes. Indo-India round now fixed at APS 8k + BB 120k. Nopac round fixed at APS 7500 + BB 300k. RBCT round fixed at APS USD 8500 + BB 300k. Red Sea fertilizer cargo to India fixed at mid teens. Short period activity was limited and rates around USD 8500 for large eco Supra" Fearnleys said. On the Supramax front in particular, Shiptrade added that "there was finally some optimism in the Atlantic Basin as fresh cargoes emerged this week giving positive trend on the USG and ECSA area. Even though there is lack of prompt tonnage especially in the USG, charterers with firm requirements in their hands will cover them quickly supporting the positive trend. As from ECSA, trips to FEast are paying around USD 12-13k + 2-300k BB depending on size. Transatlantic trips were more neutral on prompt dates. Rates seen are around Mid - High teens depending on the redelivery. Trips from the Emed to USG are expected to pay around USD 2,500 whereas direction Continent the rates hover around USD 5,000 depending on the redelivery. Scrap cargoes to EMed fluctuate at levels close to USD 8,000, whereas trips FEast are getting fixed at low teens. The Pacific Market finally reacted but only to settle back again after the middle of the week. Indo round voyage rates above USD 10,000 delivery Singapore to China, whereas for trips delivery ECI via Indo to India pay around USD 8,000 depending on the redelivery. NOPAC rounds are not very active but some requirements were seen and ratewise around USD 7,000 + 350/400k BB should be expected. Some interest from charterers has been observed for short period and rates are around USD 8,000 – 9,000 depending on size and delivery point" the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Thursday, 28 February 13
INDIA HAS INCREASED CUSTOMS DUTY AND COUNTERVAILING DUTY FOR POWER PLANT COAL
COALspot.com : The government of India raised basic customs duty and countervailing duty on steam coal. In the meantime government has reduced& ...
Thursday, 28 February 13
SHIP OWNERS EXPECTED TO FACE A CHALLENGING YEAR, DESPITE THE FALL OF NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Tonnage oversupply and a lagging growth in world trade demand are expected to keep shipping in the "red", despite a series of measures ado ...
Thursday, 28 February 13
PANAMAX : MARKET HAS SEEN A GOOD UPTURN OVER THE LAST WEEK - FEARNLEYS
Handy
The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 11k. The ...
Wednesday, 27 February 13
NEWCASTLE PORT IN AUSTRALIA SHIPPED 0.358 MILLION MT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,178,869 MT of thermal and coking coal for week ended 0700 hours 25 February 2013, Newc ...
Wednesday, 27 February 13
NEWLEAD HOLDINGS LTD. ANNOUNCES COAL SUPPLY AND DELIVERY CONTRACT
NewLead Holdings Ltd. yesterday announced that the Company has signed an agreement to supply and deliver 1.48 million metric tons of steam coal to a ...
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- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- PTC India Limited - India
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- The University of Queensland
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
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