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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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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
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, especiall ...
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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- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- White Energy Company Limited
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Planning Commission, India
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Ministry of Mines - Canada
- Economic Council, Georgia
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
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