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Thursday, 14 March 13
DRY BULK MARKET KEEPS ON RISING MOMENTUM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market has maintained its rising momentum, on the back of increased cargo availability. According to yesterday's figures, the industry's benchmark, the Baltic Dry Index (BDI) was up by 10 points, reaching a total of 875 points. Capesizes were unchanged yesterday, as the relative Capesize Index was steady at 1,314 points. Still, the Capesize market gained an impressive 11 percent just in one day, during Tuesday. This was the biggest single day gain since mid-January. During yesterday's session, the Supramax segment was the strongest, posting a daily gain of 14 points, to reach 903 points in total. Panamaxes also gained to reached 1,138 points, while slight gains of four points were also in store for the smaller dry bulk carriers (Handysize-Handymax).
According to the latest weekly report from shipbroker Fearnleys, in the Capesize market "some optimism surfacing as west Australia activity was picking up with increased demand for earlier ships. However as the end of the week approached, the optimism was vanishing as west Australian shippers turned quiet. Front haul activity remains dull, with Vale still being out of the game. Period rates have remained stable, with short period rates close to $10,000 a day.
Fearnleys went on to mention that "the Panamax segment has experienced a good period lately thanks to the grain season in S.Am soaking up vsls from both the Pacific and Atlantic.
This has led to up to 25 days congestion in several of the main grain ports in the area, and now shippers ask the operators to delay their shipments a bit to take away some of the piled up ships, which resulted in a calmer market. We see many ships open in F.East that has started their ballast towards ECSA, all hoping to repeat or beat last done. Though now there is some uncertainty in the market and many doubts the rates can continue the climb. At the same time we hear some good news from the Pacific coal market as Indonesia is lowering their prices a bit to compete against Chinese inland coal. This might lead to better coal activity in this area. Currently Pacific rounds pay arnd USD 10k. The Atlantic is pretty quiet but slowly improving; TA rounds pay around 10k. The long period market has been quiet lately; 1 yr period pay around USD 9k" the shipbroker noted.
Finally, in the Handy front, Fearnleys noted that "the Indian market is still quiet in respect of export of iron ore. WC India market has improved with a few stems out of the MEG, WC India opening vessels are seeing around 9000-10,000 for trip to India via MEG. For Indo-India trip Supra rate is around 10,000 bss south China and 9500 bss CJK range, and around 9000 for short period. Spmx freight rate from Red Sea/India is around mid teens" it concluded.
In a quote from Arctic Securites, featured in a Bloomberg story this week, "an increase in coal shipments from Colombia, after miners at BHP Billiton Ltd. (BHP)’s Cerrejon coal venture ended a 32-day strike this week, “will be positive for Capes as it will likely push fixing activity up”. In a similar note, Galbraith's noted that record steel production in China during February also indicates strong demand for iron ore. The shipbroker added that “acombination of a slight drop in iron ore prices and improved weather/availability from Western Australia is allowing Chinese iron ore imports and thus Cape rates to return to slightly higher levels. “A couple of longer haul fixtures from Brazil and Suldanha Bay and the resumption of Western Australia fixtures to Qingdao will have supported the recent tick up in Cape rates”, it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 19 March 13
SHIP PRICES COULD BE CLOSING IN TO REACH THEIR BOTTOM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the latest developments in shipping asset prices has been the reluctance from shipyards to further reduce their price expectations to higher ...
Sunday, 17 March 13
A WEAK WEEK FOR SUB-BIT INDONESIA COAL SWAPS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 2.11 percent and CFR South China coal shipment ...
Sunday, 17 March 13
COAL FREIGHT RATES STEADY ON HIGHER DEMAND - CAPT. REDDY
COALspot.com - This freight market continued to remain firm in all segments.
The BDI was up by 5.81 pct closing at 892 points. Cape index was up ...
Friday, 15 March 13
CHEAP SHIP VALUATIONS DON'T NECESSARILY MEAN ATTRACTIVE SAYS VESSELS VALUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With ship prices plunging by double-digits in the past few years, many ship owners are pondering their next moves in a market often described as att ...
Thursday, 14 March 13
SUPRAMAX : INDO - INDIA TRIP RATE IS AROUND $10,000; SOUTH CHINA $9500 - FEARNRESEARCH
Handy
Indian market is still quiet in respect of export of iron ore. WC India market has improved with a few stems out of the MEG, WC India opening ...
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- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- The University of Queensland
- Planning Commission, India
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
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