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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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Sunday, 27 January 13
CFR SOUTH CHINA COAL SWAPS: WEAK
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has gained 0.31 percent and CFR South China coal shipment&nbs ...
Sunday, 27 January 13
FREIGHT MARKET: FLAT TO SOFT - VISTAAR
COALspot.com - The freight market was soft and all the indices were down except for handy size.
The BDI was down 4.66 pct closing at 798 points.. ...
Friday, 25 January 13
BOTSWANA GOVERNMENT GRANTS COAL LICENSES TO A-CAP RESOURCES LIMITED
A-Cap Resources Limited has announced that it has been granted coal rights within its Bolau tenements which sit next to the Sese Coal and Power Proj ...
Friday, 25 January 13
SMALL ROOM FOR OPTIMISM FOR THE PROSPECTS OF THE DRY BULK MARKET AS NET FLEET GROWTH IS SLOWING DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the dry bulk market didn't manage to post a rebound during the past year, quite the opposite, as a fast fleet growth and slow ...
Thursday, 24 January 13
INDO - INDIA NOW AT APS $ 8K + BB USD 90000 - FEARNLEYS AS
Handy
The Atlantic market remains stable as supply of tonnage is still in excess of demand. USG- Far east fixed at $18k and CONT-FEAST at $ 11k. Pa ...
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- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Planning Commission, India
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
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