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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 result, the industry's benchmark, the Baltic Dry Index rose again yesterday by 14 points, to reach 834, with all major ship types gaining on the day. Still, according to market analysts and shipbrokers, this current trend isn't set to continue at least for the next few months. According to them, it's only a matter of time before oversupply catches up and plagues freight rates once more. According to market-outlook comments by Clarkson Plc., issued yesterday, "the dry bulk market will continue to struggle with the impact of oversupply. However, planned increasing in cargo volumes and continued growth in demand is fundamental to our long-term belief in this sector.”
In its latest weekly report, shipbroker Fearnleys commented on the Capesize market that "this week saw the market continue to gradually slide, with the continuing strike in Columbia, and low volumes out of Brazil keeping tonne mile demand and therefore rates depressed. However, at the time of writing, bid/offer for Tubarao/China is at a slightly healthier 17.50/17.75. West Australia resumed operations after the cyclone, and the prevailing rate this week has been around USD 7.20. This week saw a significant period deal concluded, with a ship with good ´eco´ consumptions fixed for 21-27 months at a firmer USD 13500 per day, arguably setting a benchmark for the market which will be interesting follow in the coming months" it said.
Meanwhile, "the Panamax market continued its positive trend from last week with firming rates in both hemispheres. The main driver is the ECSA grain season which attract most owners willing trip east. Good rates are being achived and a Fhaul with Cont delivery is being fixed in region of USD 17-18k depending on specs. More coal cargoes from USEC are being quoted in the market and TArv´s are being paid in region of USD 9k or closer to 10k for the shorter runs not involving breach of INL. In the Pacific we are also facing a rate increase with more cargoes in the market in addition to the competing grain market attracting ows. We see Pac rounds now being fixed at ard USD 10k. The period market has also seen an increase in activity with both shorter and longer period being concluded" Fearnleys noted.
In a separate report earlier in the week, Bank of America Merrill Lynch said that freight rates for dry bulk carriers will show a "meaningful increase" by 2015, as demand for seaborne commodities expands amid slowing fleet growth. According to the report, "we see a major shift in the sector next year, as demand growth once again outpaces fleet capacity additions and the oversupply in the market starts to shrink. Yet, due to the magnitude of excess supply over demand, we believe a sustained recovery in bulk freight prices will take longer to materialize,” said BoFAML.
Similarly, DVB Bank noted that ship rates will remain under pressure, as a result of a huge oversupply of vessels, expected to peak this year. The vessel glut is so substantial that even a 39% rise in iron ore cargoes over the next three years, will fail to curb it. According to DVB, annual shipments of iron ore will rise to 1.5 billion metric tons in 2015 from last year’s 1.08 billion tons. Coal cargoes will increase 17 percent over the same period to 1.3 billion tons, the report showed.
Source: Nikos Roussanoglou, Hellenic Shipping
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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 ...
Thursday, 28 February 13
INDIA HAS INCREASED CUSTOMS DUTY AND COUNTERVAILING DUTY FOR POWER PLANT COAL
COALspot.com : The government of India raised basic customs duty and countervailing duty on steam coal. In the meantime government has reduced& ...
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- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Australian Coal Association
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- MS Steel International - UAE
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
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