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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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Tuesday, 12 February 13
GOVERNMENT DECLARED INDONESIAN THERMAL COAL PRICE INCHES UP IN FEBRUARY
COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in February 2013.
The monthly coal refere ...
Monday, 11 February 13
NEWCASTLE PORT SHIPPED 23.01 PERCENT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,967,761 MT of thermal and coking coal for week ended 0700 hours 11 February 2013, Newc ...
Sunday, 10 February 13
INDONESIA SUB-BIT SWAPS: "UP" - CFR SOUTH CHINA SWAPS: "DOWN"
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 0.72 percent W-O-W and CFR South China coal shipme ...
Sunday, 10 February 13
DRY BULK OVERSUPPLY OF TONNAGE SEEN WANING IN THE COMING MONTHS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It seems that the tide could be shifting in the dry bulk market, in terms of tonnage oversupply, according to the latest data figures. This could ex ...
Sunday, 10 February 13
HIGHER BUNKER PRICE PUSHES SEA FREIGHTS FIRM - REDDY
COALspot.com - The freight market was soft and all at same levels with Chinese year holidays next week.
The BDI was slightly down by 0.27 pct ad ...
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- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- London Commodity Brokers - England
- Minerals Council of Australia
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
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