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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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Friday, 19 July 13
U.S.COAL PRODUCTION TOTALED APPROXIMATELY 19.60 MMST WEEK ENDED JULY 13
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 19.60 million short tons (mmst) of ...
Friday, 19 July 13
TNPL IS LOOKING FOR 300 K MT OF 6000 GAD COAL FOR FIVE MONTH
COALspot.com - Tamil Nadu Newsprint & Papers Ltd. , an Indian paper maker, is seeking 300,000 metric tons ± 5% (In 5 shipments about 60,0 ...
Thursday, 18 July 13
3RD ANNUAL FLOATING TERMINALS, INDONESIA
Commercial applications for offshore transshipment facilities
Floating Terminal solutions are increasingly being deployed by miners, independent ...
Thursday, 18 July 13
THE CAPE MARKET APPEARS TO BE HOLDING FIRM - FEARNLEYS AS
Handy
In the Pacific, market maintained similar levels during the week. There is several Indo coal orders in the market, ships passing Singapore fi ...
Thursday, 18 July 13
DRY BULK MARKETS RETAINS RECENT GAINS, MOVES SIDEWAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept on moving sideways this week, as evidenced by the latest trends of the industry's benchmark, the Baltic Dry Index (BDI ...
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- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Australian Coal Association
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- White Energy Company Limited
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
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