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Friday, 02 August 13
DRY BULK MARKET STABILIZES ON RENEWED MARKET ACTIVITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market has kept its positive footing this week, although it's still a far cry to deem the market situation as a growing one, especially given the fact that traditionally, summer is a slow period for dry bulk. According to the latest session of the Baltic Dry Index, the BDI, an industry benchmark was up by four points to 1,066. The biggest improvement was for the Capesize segment, which seems poised for another rebounding week. The Baltic Capesize Index rose by 54 points to 1,935. By contrast, Panamaxes and Supramaxes were lower yesterday.
According to the latest weekly report from Fearnleys, in the Capesize segment, "the flow of cargoes remains relatively stable, and the Pacific is looking promising. The west Australian shippers have been active, resulting in freight rates improving from 7.75 to lower 8´s early this week. In the Atlantic, rates are under pressure due to the strike in Columbia. There is still a lack of fronthaul fixtures being concluded, but more cargoes are anticipated and rates are expected to improve also for the Tubarao/Qingdao route", the shipbroker said.
In the Panamax market, "in general the week has been a quiet one with limited activity in both hemispheres. The biggest decline we saw in the Atlantic, with a lack of new orders causing the tonnage list to outnumber the cargoes. In the east there were more aps fixtures and charterers trying to push the rates down. TA´s pending around USD 10-11k depending on durations and delivery. Some fronthauls were reported at a healthy 18k level but these were probably concluded end of last week. Despite the low activity some longer period fixtures with options were rumoured and levels were below the 10k mark", Fearnleys said.
Finally, in the Handy segment, "the Pacific market is still facing low activity, so no wonder that the tonnage list is getting longer. It´s still Ramadan and only a few coal shipments circulated. For vessels spot Singapore to India owners could get around mid USD 8k and for trips to China around USD 9k. Backhaul orders to USG are paying around USD 3k levels. Low activity on the period side. For S.Afr mid-Aug cargoes is coming into the market but chrtr not move yet as they try to achieve low USD 8k+low USD 200k levels while owners remain at high USD 8k+USD 300k levels", the shipbroker concluded.
Meanwhile, in other positive news for the dry bulk market, Commodore Research & Consultancy highlighted earlier in the week, the fact that Chinese steel stockpile levels and steel prices have continued to normalize and are finally close to reaching last year’s levels. According to Commodore, "Chinese steel stockpiles have remained above 2012’s level since the second week of March. On March 8th of this year, 19.7 million tons of flat and construction steel products were stockpiled in China. This was 1.1 million tons (6%) more than was stockpiled on March 8, 2012. The gap between 2013 and 2012 stockpile levels then widened significantly during the next few months, which was a clear sign of Chinese steel production exceeding demand by a large amount. The widest gap this year saw steel stockpiles up year-on-year by 4 million tons (23%) on April 5th. At that point, Chinese steel stockpiles totaled a robust 21.9 million tons. In comparison, stockpiles totaled 17.9 million tons on April 5, 2012. During the next twelve weeks, Chinese steel stockpiles remained up year-on-year by at least 12%. It was not until the beginning of this month that steel stockpiles fell to levels that exceeded 2012 levels by less than 12%", Commodore noted.
It added that "at present, 15.7 million tons of steel is stockpiled in China which is just 200,000 tons (2%) more than was stockpiled a year ago. Steel stockpiles have returned to healthier level as steel production has fallen to a level more in line with actual demand. The first three weeks of this month have seen daily crude steel production average roughly 2.11 million tons. During the last week of June, however, daily crude steel production was averaging approximately 2.18 million tons. The decline in steel production has helped lead to a normalization in Chinese steel stockpiles. Chinese steel prices have also finally come closer to reaching last year’s level. The average price of 3.0mm hot rolled coil in China, for example, has risen to about 3,765 yuan/ton ($614). Steel prices have now increased in four consecutive weeks, and are now just 135 yuan (-3%) less than where they stood a year ago. Chinese steel prices have remained below 2012 levels for all of this year, and as recently as the last week of June were down year-on-year by 15%. Overall, it is very encouraging that steel prices and stockpiles are finally returning to last year’s levels", it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 05 August 13
INDO GOVERNMENT'S DECLARED HBA IN AUGUST '13 FALL TO LOWEST LEVEL SINCE JANUARY '10
COALspot. com - HBA fell to US$ 76.70 this month, the lowest since January 2010. Indonesian Coal Price Reference fell 6.11% and hitting a 2013 ...
Sunday, 04 August 13
COAL SWAP MARKET HAS LOST DIRECTION; STRUGGLING TO CATCH UP
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average October 2013 delivery slightly down on day, week and month on Friday, 2 A ...
Sunday, 04 August 13
INDONESIA TO INDIA SUPRAMAX FREIGHT SOFT DUE TO HOLIDAYS IN INDONESIA - VISTAAR
COALspot.com : The freight market was fairly steady this week with the BDI recovering towards north since second half of the week with the support o ...
Friday, 02 August 13
ASIA ACCOUNTS FOR 27.95 PERCENT OF US COAL EXPORTS IN Q1, 2013
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.80 million short tons (mmst) of ...
Thursday, 01 August 13
CAPESIZE: THE FLOW OF CARGOES REMAINS RELATIVELY STABLE, AND THE PACIFIC IS LOOKING PROMISING - FEARNLEYS AS
Handy
The Pacific market is still facing low activity, so no wonder that the tonnage list is getting longer. It´s still Ramadan and only a fe ...
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- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Australian Coal Association
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
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