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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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Friday, 12 July 13
U.S. PRODUCED 18.40 MMST COAL WEEK ENDED 6 JULY 2013
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 18.40 million short tons (mmst) of ...
Thursday, 11 July 13
PANAMAX: PACIFIC ROUND PAY AROUND $6,500/D; ATLANTIC ROUND VOYAGE PAY AROUND US$ 10,000/D - FEARNLEYS AS
Handy
The Feast market is quiet, July date cargoes remain unfixed as there is a gap between what owners aiming and charterers willing to pay. There ...
Wednesday, 10 July 13
DRY BULK MARKET IS STILL STRUGGLING TO SURVIVE - INTERMODAL
COALspot.com : With the first half of the year now behind us and, as expected, most shipping segments in the dry bulk market are struggling to survi ...
Tuesday, 09 July 13
COAL PRICE REMAINS SLUGGISH - TRIMEGAH
COALspot.com - Newcastle coal price has reached US$ 76.30/ton (-15.9% YTD), bringing YTD’13 average to stand at US$ 87.90/ton, 6.80% lower tha ...
Tuesday, 09 July 13
NEWCASTLE COAL EXPORTS JUMP 27.53% ON WEEK TO 2.97 MILLION MT
COALspot.com - Newcastle Coal exports up 27.53% to 2.97 million tons W-o-W.
Newcastle port in Australia has loaded 2,974,715 tons of coal for the ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Parliament of New Zealand
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Aditya Birla Group - India
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
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