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Thursday, 31 January 13
DRY BULK RATES ON A FALLING PATTERN DUE TO ADVERSE WEATHER CONDITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The seasonal factor has emerged as the latest catalyst in determining the course of the dry bulk market, as the floods in eastern Australia, the biggest exporter of therma coal, has caused delays in many ports of the region. At the same time, earlier in the week, a similar pattern occurred in the ports of Western Australia, which are mainly dealing with iron ore cargoes. As a resutl, the industry's benchmark, the Baltic Dry Index (BDI) has been falling during the week, ending yesterday down by 12 points to 767 points. All submarkets were on the fall yesterday, with Capesize and Panamax vessels, typically used to transport iron ore and coal, facing the biggest losses. The Baltic Capesize Index was down to 1,477 points, while the Panamax Index was down to 690 points. Shipping analysts have also pointed out that during this first month of 2013, newbuilding deliveries have continued to hit the water, adding further pressure on dry bulk rates.
In its latest weekly report, commenting on the Capesize market, shipbroker Fearnley's noted that it was "another week of weak numbers in the Cape segment, with tonnage building in both basins on the back of relatively few FH or Pacific requirements, and the relentless rainfall in East Coast Australia raising yet more volume concerns. Whilst iron ore stockpiles at Chinese ports remain low, the big Australian miners have been comparatively quiet in the spot market. However, at the time of writing, mid Feb West Australia/Qingdao positions were covered at a tick above USD 7 pmt. Iron ore and coal cargoes out of South Africa, both toward the continent and the Far East, have been actively fixed, however rates continue to decline, with USD 6.75 done for a Richards Bay/Rotterdam coal round. Whilst there was little period business reported this week, USD 9000 was achieved for 4-7 months, continuintrend of slightly firmer numbers appearing for period deals" it noted.
Meanwhile, in the Panamax market, Fearnley's said that "a growing list of open positions against a reduced number of fresh requirements is the overall tone causing a sliding trend in boht hemispheres. In the Atlantic there seems to be a mid-week floor arround 7.000 + 300 APS USG for trades to Cont/Med with a premium for INL breach, ice trading, dirty cargoes or poor redelivery. Fronthaul activity is limited still with growing expectations met by a growing number of ballasters heading for both USG and ECSA. 13.500 + 350 achievable bss APS or abt 7.000 DOP bss India/SEAsia delivery for ECSA rounds. As the tropical cyclone Oswald has caused force majeure conditions several places down under the overall activity looks to be further reduced by the coming Chinese New Year. Pacific rounds down to 4.000 or less mostly basis APS with a BB for carrying Indonesian coal. Period activity is modest with short period arround 7.000 with a forward curve moving sideways with marginal change" said Fearnley's in its report.
Finally, in the Handysize markets, it stated that "the Atlantic market remained stable with no significant movement in rates. Rates from USG to FEast were around USD 17k and Black sea to Feast about USD 9k. USG- Skaw-Passero rates are around USD 14k. The Pacific market getting softer and rates falling as compared to last week with less cargoes seen in market and holding on cargoes in anticipation that rates will get softer due to forthcoming Chinese New Year holidays. For indo-india, large eco supra now fixed at USD 8k for delivery Singapore. Nopac also fixed bss APS at USD 7000 + BB USD 325k. WCI -China rates around USD 8,000 and ECI- China around USD 5000. RBCT rv fixed at APS USD 9000 + BB USD 300k. Red sea fertilisers to india are mid teens. Not much activity seen on short period and rates around USD 8500 for large supra", it concluded.
It is worht noting that "the global dry bulk fleet will expand at double the pace of trade growth for a second year in 2013, according to Clarkson Plc. (CKN) Vessel supply will increase 8 percent as demand climbs 4 percent, Clarkson, the world’s biggest shipbroker, said in a report Jan. 25. That equates to a surplus of 411 Panamax-sized vessels, more than last year’s 404, it said in its note".
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 08 March 13
DRY BULK MARKET ON A RISING TREND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its rising pattern set after China opened up again for business, following the Asian New Year Holidays. As a resul ...
Thursday, 07 March 13
PANAMAX : POSITIVE TREND; CAPESIZE : GRADUALLY SLIDE - FEARNLEYS AS
Handy
The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 22k and Black sea-feast was at USD 12k. The ...
Tuesday, 05 March 13
NEWCASTLE PORT SHIPPED 20.77 PERCENT MORE COAL W/E 4 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2,631,562 MT of thermal and coking coal for a week ended 0700 hours 4 March 2013, Newcas ...
Sunday, 03 March 13
INDONESIAN THERMAL COAL SWAPS; CHINA CONTRACTS FALL W-O-W
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 0.75 percent and CFR South China coal shipment&nbs ...
Sunday, 03 March 13
FREIGHT MARKET FROM INDONESIA EXPECTED TO BE FIRM - VISTAAR
COALspot.com – The freight market has been fairly firm this week except for cape size index.
The BDI was up by 4.64 points closing at 776 p ...
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- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- White Energy Company Limited
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Planning Commission, India
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- VISA Power Limited - India
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Larsen & Toubro Limited - India
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