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Thursday, 25 July 13
SUMMER LULL CHIPPING AWAY RECENT GAINS IN DRY BULK FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 In what seems to be establishing as a permanent trend, at least for the time being, the dry bulk market kept on retreating yesterday, even if this reduction is marginal. Traditional summer lull is thought to be the main reason for the fact that freight rates have been losing ground in the past couple of weeks, even if this fall is bit by bit. Yesterday, the Baltic Dry Index (BDI) was down 10 points, to 1,117. The fall was more obvious in the larger ship classes, with the Capesize Index losing 20 points and the Panamax one another 14 points.
According to the latest weekly report from shipbroker Fearnleys, in the Capesize market, "the general theme in both the Pacific and Atlantic is that rates are holding steady. Slightly lower numbers, around the USD 14k mark, have been fixed on T/A, which are sure to come under pressure due to the mining strike at Drummond in Columbia. The fronthaul market continues to be actively fixed, with the C3 index Tubarao/Qingdao now marked at USD 20 PMT. West Australia holds steady at USD 7.75 PMT - however in general, time charter rates in the Pacific have come off, due to a squeeze on the current coal prices. Short period numbers remain healthy – with close to USD 14k obtainable for periods of 10 months and over", Fearnleys noted in its report.
On the Panamax market, the shipbroker commented that "last week we experienced an upturn in rates in both hemispheres. This came to an end on Monday when the market all of a sudden turned quiet again. We have seen little activity although some deals are concluded and the levels are about USD 100 down w-o-w. In the Pacific we still get a steady push with coal cargoes from Aussie and rounds are being concluded in region of USD 7k while the Atlantic rounds are fixing around the 11-12k mark. Period activity has been next to non-existing, however takers are there for wide spread periods with optionality. We feel the summer lull is all over us and believe rates will continue to slide slowly throughout the week".
Finally, in the Handy front, it noted that "the Far East market remains quiet even if some Indo coal trip orders were fed in the market at early this week. Prompt ships passing Singapore fixed around USD 11k for trip to India while rate for Indo/China is only slightly below. There were some short period fixtures reported at around low/mid USD 9k levels for 3-5 months. In the Indian Ocean vessels were fixed for trips via S.Africa to Feast at around USD 9k + 300 gbb. Also more cargo from Iran to China is in the market, trading between USD 11-12k", Fearnleys concluded.
Meanwhile, in the ever so important field of demolition activity, Golden Destiny noted in its latest weekly report that "the monsoon season and the depreciation in Indian rupee are persisting to depress scrap price levels, while in Bangladesh the onset of Ramadan period keeps the momentum weak with silent scrapping business", said the Piraeus-based shipbroker. In total, 25 vessels were sold for demolition over the past week, equalling a deadweight of 1,377,479 tons. Out of these ships, eight of them were dry bulk carriers. In terms of the number of transactions, demolition activity was up by 39% week-on-week. The largest activity is recorded in the bulk carrier and liner segments by holding 32% share each of this week’s activity against 12% share from tankers. In terms of deadweight sent for scrap, there has been 114% weekly increase with 2 VLCC tankers sent for disposal and 1 very large ore capesize bulker.
According to the report, "India is reportedly to have won 10 of the 25 demolition transactions, Bangladesh 4, China 4, Turkey 3, 4 demolition transactions are reported at no revealed destination. Benchmark scrap prices in the Indian subcontinent region: $380-$385/ldt for dry and $410-$415/ldt for wet cargo. Scrap prices in China have increased by $10/ldt at $320/ldt for dry and $330/ldt for wet cargo", the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Wednesday, 07 August 13
HANDIES : FINDING IT DIFFICULT TO SUSTAIN THEIR PREVIOUS LEVELS - KONSTANTINOS KONTOMICHIS
Broker's insight
by Konstantinos Kontomichis,
SnP Broker
Entering the most predictable month of the year, as expected the seasonal effects ha ...
Tuesday, 06 August 13
UNLEASHING SHALE GAS POTENTIAL AS A GLOBAL ENERGY GAME CHANGER
In its 4th year running, the Annual Shale Gas Conference will bring leaders from North American shale gas operators, key Asian regulators, multi ...
Tuesday, 06 August 13
GBCE APPOINTS BENJAMIN WILEY AS NEW MANAGING DIRECTOR
COALspot.com : GB Clean Energy Ltd. (GBCE) announced today that Mr. Benjamin Wiley has been appointed as Managing Director.
Mr. Wiley has ...
Tuesday, 06 August 13
AUSTRALIAN NEWCASTLE PORT'S COAL EXPORTS FALL 23.16 PERCENT ON WEEK TO 2.26 MMT
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port fell 15.8 percent week on week to 2.26 million mt for ...
Monday, 05 August 13
PAPERLESS TRADING (ELECTRONIC BILLS OF LADING) - FREQUENTLY ASKED QUESTIONS ("FAQS") - UK P&I CLUB
A number of Members have contacted the Club with queries regarding the use of electronic bills of lading and any potential consequences for P&I ...
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- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Petron Corporation, Philippines
- PTC India Limited - India
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Central Java Power - Indonesia
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
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