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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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Saturday, 12 January 13
SUB-BIT FOB INDONESIA COAL SWAPS: WEAK
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has lost 0.32 percent WoW but CFR South China coal ship ...
Saturday, 12 January 13
HIGHER COAL PRICES: SEASONAL EFFECT
COALspot.com : Bahana Securities, one of the leading securities in Indonesia, said in its latest coal outlook that, on US and China&rsquo ...
Friday, 11 January 13
HBA HAS JUMPED BY US$ 5.80 PMT IN JANUARY 2013
COALspot.com - The Indonesian government has declared bench mark price for coal higher than December price. The monthly coal reference price f ...
Thursday, 10 January 13
PANAMAX : SOME GLIMMERS OF HOPE MID WEEK - FEARNLEYS
According to Fearnley’s weekly report, the Atlantic handy market is stable with rates around USD 11k for Cont-Feast and USD 17k bss USG/Feast. ...
Thursday, 10 January 13
DRY BULK PANAMAX MARKET HEAVILY OVERSUPPLIED, UNLIKELY TO FIND SUPPORT IN 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite positive indication for a significant surge of dry bulk demand this year, the oversupply problems of the market, will continue to weigh heav ...
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- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- The University of Queensland
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
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