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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, 01 February 13
HANDY - FLAT; PANAMAX - FLAT TO WEAK; CAPESIZE - WEAK
Handy
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 ...
Thursday, 31 January 13
NEWCASTLE PORT SHIPPED 2.70 MMT OF COAL W/E 28 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 2,703,921 MT of thermal and coking coal for week ended 0700 hours 28 January 2013, Newca ...
Thursday, 31 January 13
MMTC TO IMPORT 2.68 MMT OF COAL FOR ARAVALI POWER CORPORATION LTD
COALspot.com: The tender floated by MMTC on behalf of Aravali Power Corporation Ltd, a Joint venture between NTPC and State of Haryana for supply of ...
Wednesday, 30 January 13
TNPL TO SECURE 300K MT OF IMPORTED COAL SUPPLIES AT US$ 75.95 PMT FOR MARCH - AUGUST 2013 DELIVERY
COALspot.com – Chennai based Coastal Energy Private Limited (C&O Group of companies) offered lowest price of US$ 75.95 per met ...
Monday, 28 January 13
BAYAN RESOURCES TO SELL 18 MILLION TONS OF COAL TO GNPOWER MARIVELES COAL PLANT
Publicly-listed PT Bayan Resources announced on Friday that it had signed an agreement on coal sales with Philippine-based GNPower Mariveles Coal Pl ...
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- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Planning Commission, India
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- The University of Queensland
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
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