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Thursday, 24 January 13
DRY BULK MARKET FALLS ON TROPICAL CYCLONE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market has been on the downside during the past couple of days, mainly as a result of the tropical storm which forced ports to close down in Australia, the largest exporter of iron ore. As a result, cargo demand was absent yesterday, leading rates down. The Baltic Dry Index, the industry's main benchmark was down by 1 percent to 817, while rates for the larger in size Capesize vessel-type, used to transport iron ore, were down by 2.7% to $8,431.
According to the latest report from shipbroker Fearnleys, in the Capesize segment, "weather issues literally clouding the skies in Far East, with main Australian mineral loading ports closed down. Spot volumes consequently decline on the fundamental W.Aust/China trade, whilst freight rates have so far held up due to support from strong Atlantic activity. Increased spot exports from Brazil combined with generally improved atlantic supply/demand balance has resulted in daily earnings for transtlantic and fronthaul trades are up some 35% respectively 8% w-o-w. Paper fluctuations have allowed for considerable period activity, including 2 x 180000 dwt/built 2011-12 delivering china prompt for 8-12 months at around usd 10800 and 170000 dwt/built 2000 delivering China prompt reportedly done for 8-12 months at a massive usd 11250" the shipbroker said.
Regarding the panamax market, Fearnleys added that "it has been fairly balanced all over the last week. Activity seems to come down a little bit in the atlantic, but levels remain basically unchanged. A normal trans Atlantic round is paying around usd 7-7500 daily. While we have seen several fixtures done in more specialized trades that requires INL breaching and/or ice class tonnage that pays quite a bit more. The fronthaul market is pretty silent, we do not see as many usg/ china grain cargoes in market that you normally would expect at this time of the year. And the east coast South America grain has been more quiet than the previous two weeks. Fronthaul out of ecsa now pays arnd 14000+400k bb, but varies very much with vessel specifications. In the pacific it seems that charterers are still in charge as the pacific index is at low levels arnd USD 4000. Also the period market has been pretty silent the last week. Levels remain low and varies between 7-9000 depending vessel type for one or two years period" the report said.
Finally, on the Handy front, the shipbroker noted that "the Atlantic market remains stable as supply of tonnage is still in excess of demand. USG- Feast fixed at usd 18k and CONT-FEAST at usd 11k. Pacific mkt has started falling as too many ships are in the market and no cargoes. Indo-india now at APS USD 8k + BB USD 90000. Nopac also fixed on APS at usd 7k+ 300000. South africa rounds now APS at usd 9k +300000. Short period rates for large eco supra at usd 8500" Fearnleys concluded.
In a separate report, Shiptrade & Services stated on the Supramax front that "it was another positive week for the Atlantic market with ECSA leading the way on high volumes, taking advantage the shortage of prompt loaders in the area. Supras are being fixed at USD low teens + USD 250k BB for trips to FEast, whereas from the USG to FEast are expected to get high teens, and for trips within the Atlantic mid to high teens. On the other hand, low activity has been observed at the Continent with owners accepting low rates to take advantage of the reposition.
The Pacific market had another inactive week with Indo coal being fixed at around USD 8,500 – 9,000 passing Spore redelivery ECIndia and around USD 8,000 redelivery China. In addition, there is strong tendency from charterers’ side for aps deliveries. NOPAC rounds are still not very active but some requirements were seen and ratewise talking around USD 6,500 + 350/400k BB. Some interest from charterers has been observed for short period and rates are around USD 8,500 – 9,000 depending on size and delivery point.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Thursday, 14 March 13
DRY BULK MARKET KEEPS ON RISING MOMENTUM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has maintained its rising momentum, on the back of increased cargo availability. According to yesterday's figures, the industry ...
Thursday, 14 March 13
SHIPPERS AND CARRIERS NEED GREATER COMMUNICATION AND MUTUAL UNDERSTANDING
Press Release – Shippers and shipping lines both need to raise their game if global container supply chains are not to be habitually subject t ...
Wednesday, 13 March 13
NEWBUILDING PRICES EXHIBIT NO FALL IN PAST SIX MONTHS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the fact that oversupply has been the key plague of the shipping markets in recent years and newbuilding ordering activity has receded subst ...
Tuesday, 12 March 13
COAL MINING PRIVATIZATION IN INDIA: MUST - SUNIL K KUMBHAT
COALspot.com - India has the one of the richest coal reserves in the world and the country should have shown significant progress and gained the pos ...
Tuesday, 12 March 13
NEWCASTLE PORT SHIPPED 2.47 MILLION TONS OF COAL W/E 11 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2,471,080 MT of thermal and coking coal for week ended 0700 hours 11 March 2013, Newcast ...
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- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
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