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Friday, 20 September 13
DRY BULK MARKET REACHES NEW HEIGHTS THIS WEEK STANDING AT THREE-YEAR HIGH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The biggest rally of the dry bulk market in more than three years have brought back joy among ship owners, especially those active in the Capesize market, while also proving right those analysts who had foreseen this recovery. Yesterday, the Baltic Dry Index (BDI), the industry's main benchmark maintained its upward trajectory, rising by an additional 38 points and reaching 1,860 points, almost double than its levels at the end of August. The main driving force behind yesterday's rise was, once again, the Capesize segment which was up by 86 points to reach 3,924 points, well over the break-even points even for those owners who invested at the peak of the market. Besides the Capesize market, all other segments of the dry bulk foray were on an upward trend as well, with the Panamaxes proving to be the strongest among them, up by 30 points.
In a recent note, shipbroker Intermodal noted that "it will take a longer period to understand how strong the legs to this latest rally are but the waves of optimism that have washed the market are undoubtedly high and more than welcome". In a separate note, shipbroker Fearnleys commented on the Capesize market that "the crusade continues with some speculating that market fundamentals may again look more rosy. Average daily earnings have gained almost USD 6k w-o-w, coming in at a firm USD 35500. The main driver is now increasing Atlantic mineral volumes combined with tight supply, and USD 40000 done for T/A round. Looking ahead, most owners are rating well described ships in the region of USD 35000, reflecting the aggressive gains seen on near dated paper FFA contracts for Oct and Q4 now stand at USD 36250 and 32000, respectively. Period deals are being concluded at levels not seen since 2010, with USD 27500 for 5-7 months done on a good 180000-tonner and lately USD 23250 done basis about 12 months. At present it appears that Chinese seasonal re-stocking activities will continue to absorb the growing spot iron ore supply, at least in the short term. This, combined with a relatively stable iron ore price, are good short term indicators for the Cape market", Fearnleys said.
Similarly, in the Panamax market, it stated that "after the recent rally, in particular in the Eastern Hemisphere, the market seems to have taken a breather - before moving further up. NOPAC rounds being fixed from 14k and close to 15k mid-week, but with healthy volumes and a steady flow of Cape splits there is room for elevated levels short term. Good signs for USG grain activity, where ton rates have moved up from 45 to above 50 in a week could be the basis for a substantial rise in the Atlantic market. With a lagging index and some voyage rates well under index, T/A rounds should be in the 12k range and fronthaul around 18k, even well above 20k on some particular runs. It seems the number of ballasters into the Western Hemisphere is being outnumbered by fresh requirements. Finally, we see decent volumes and levels for period where Owners secure about 12k for short and 11+ on 1 year spec and position depending. At least for now, the market is firm!", it said.
Finally, in the Handy market, Fearnleys said that "the rates in Feast are still firm this week even the activity calmed down a bit as chrtrs are not in a rush to cover even their end Sept cargos seems they are speculating on lower rates. Indo/China coal rounds spot vessel open Phils fixed at USD 13k. For vessels open ECI rates jumping up to around USD 10k dop for trips Indo/India with coal. Short period a 57k dwt vessel open N.China was fixed at low 11k for 3/5 mos redel WW. MEG/WCI is still quiet. S.Africa is over supply, rates remain USD 8+200k for trip to Feast", Fearnleys concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News Worldwide
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Wednesday, 04 December 13
SGX'S MONTHLY VOLUMES REACHED A RECORD HIGH OF 705,000 MT IN NOVEMBER 2013
COALspot.com: SGX has announced that, it monthly volumes have reached a record high of 705 lots (705,000 mt) in November 2013 with month-end open in ...
Tuesday, 03 December 13
PORT OF NEWCASTLE IN QUEENSLAND SHIPPED 1.22 MMT MORE COAL W-W
COALspot.com: In the week ended December 2, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 3.49 ...
Tuesday, 03 December 13
U.S PRODUCED 900.80 MMST YEAR-TO-DATE
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.7 million short tons (mmst) of coal in ...
Monday, 02 December 13
SUB-BIT INDONESIA COAL SWAP DIFFERENCE BETWEEN Q1 AND Q3 DELIVERIES ARE VERY MARGINAL
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q1’ 14 delivery gained $ 1.67 pmt month on month on Friday 29 Novemb ...
Sunday, 01 December 13
API 8 CFR SOUTH CHINA COAL SWAP FOR Q2 AND Q3 DELIVERY SHOWS A DECLINE
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery gained 0.63 percept d-d on Friday 29 November 2013. The CFR South ...
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- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- White Energy Company Limited
- Indian Oil Corporation Limited
- Planning Commission, India
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Australian Coal Association
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
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