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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 $330/ldt for wet cargo", the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 30 July 13
KOMIPO INVITES BIDS FOR 520,000 MT OF 5,700 KCAL/KG COAL ON NAR BASIS FOR H1, 2014
COALspot.com : Korea Midland Power Co., Ltd. has invited bids for 520,000 Metric Tons (MT) of coal with calorific value 5,700 kcal/kg on NAR basis f ...
Tuesday, 30 July 13
AUSTRALIA'S NEWCASTLE SHIPPED 12.58 PERCENT LESS COAL W-O-W
COALspot.com: Newcastle port in Australia has loaded 2,945,848 tons of coal for the week ended 0700 hours 29 July 2013, Newcastle Port Corp. s ...
Monday, 29 July 13
INDONESIA'S ENERGY NEEDS COULD SPELL GOOD NEWS FOR TANKER OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite abundant energy resources, Indonesia has still failed meet its own demand, which led to a rising import of crude. According to the latest we ...
Sunday, 28 July 13
SUB-BIT INDONESIA COAL SWAP UP SLIGHTLY FOR SEPTEMBER CARGOES
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average September 2013 delivery slightly up on day and week but fell on month on ...
Saturday, 27 July 13
CEPL INDIA TO BAG 0.3 MILLION TONS OF COAL SUPPLY ORDER FROM TNPL
COALspot.com - An India based coal trader Coastal Energy Private Limited has offered the lowest price of US$ 73.00 per metric ton for calorific valu ...
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- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
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