We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 18 October 13
DRY BULK MARKET ON "PAUSE" MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been on "pause" mode over the past week, after China's return from the week long holidays. The industry's benchmark, the Baltic Dry Index stood yesterday at 1,960 points, having shedded just five points over the previous session. The biggest gainer was the Supramax market, with the respective index rising by 87 points to reach 1,206. The Capesize market was down by 27 points to 3,451 (Baltic Capesize Index). As far as the Panamax market was concerned, the Baltic Panamax Index was up by 29 points.
In a report this week, shipbroker Fearnleys noted on the Capesize market that "a slow start to the week with holidays around in Far East, but in spite of this, rates are again moving upwards. West Australia to China, having been the main driver in the Pacific market for some time now, is presently in mid/upper 11s. Fronthaul is more or less none existing and back haul cargoes can be developed, but not at rates attractive to owners time being. Period market is not too active, as owners remain optimistic expecting rates to improve further and rates their ships accordingly", it said.
On the Panamax market, Fearnleys noted that "some holidays early week led to low activity with a firm undertone in the Atlantic and slightly negative trend in the Eastern Hemisphere. Charterers have had to pay up for prompt orders in the North Atlantic, from 18k and even well above 20k for short runs, whereas regular T/A´s from Med hovers in the 18k range. The Atlantic still seems to be tight for tonnage with a fair flow of requirements to be covered before the winter season kicks in. Fronthaul fixtures at very high 20´s. A bigger spread on levels in the Far East as most players where in a standoff mode early in the week. Rounds done from 15k up to 20k depending on duration, spec´s and delivery. Nopac rounds falling from 17k mid-week. Period business limited, but supported by a gradually positive forward curve 1-year has been concluded at 13k delivery Far East and well above 16 with Atlantic delivery", it said.
Finally, in the Handy markets, "activities were obviously slowed down in the Pacific basin. There were only few coal movements which fixed around USD 15-16k for ships in Singapore via Indo to China also ECI. Nopac round were fixed mid USD 12k and around USD 12k for short period. There were several public holidays so just limited fresh inquiries in the market this week. While there are a hundred of ships expected to open in north China. ECI lack of cargoes therefor vessels are ballasting to Spore more. However, have seen S.Afr coming firm with rate over 10k+400k gbb for trip to Feast", Fearnleys concluded.
Meanwhile, the future of the market and more importantly the latest rally's longevity will depend, in part, by the rate of demolition activity. According to shipbroker's Golden Destiny latest report said that the demolition market "has finally turned into positive with India recovering from its serious currency issues and the losses in steel prices. Bangladesh also follows with a rebound in steel prices by competing hard with Alang shipbreakers, while. Pakistan seems to have been left behind as it has still issues with its Rupee. Benchmark scrap prices in India subcontinent region are now up by $25-$35/ldt from the end of August for dry and wet cargo.
In China, benchmark scrap prices are still holding firm from the end of August, by standing at $35-$45/ldt lower levels than the prices in Indian subcontinent region for dry/general cargo and $50-$60/ldt lower levels for wet cargo. The Chinese National Holidays during the first week of October brought little action with one handysize bulker emerged for disposal in China at this week, M/V “WELLY II” of 10,308ldt built 1982 for about $365/ldt", Golden Destiny said.
According to the shipbroker "demolition activity (in terms of reported number of transactions): 20% down week-on-week showing 150% and 100%weekly increase in the volume of tanker and container disposals respectively, with 13% weekly decline in bulker disposals and 80% weekly decline in liner disposals.
The largest activity is recorded in the bulk carrier and tanker segments by holding 44% and 31% share respectively of the total demolition activity, against 13% share from liners.
In terms of deadweight sent for scrap, there has been 33% weekly increase with some scrapping activity in large vessel size categories, 1 aframax tanker, 1 panamax bulker and 1 small panamax container reported for disposal.
India is reportedly to have won 9 of the 16 demolition transactions, Bangladesh 3, Pakistan 1, China 1, Turkey 1, 1 vessel disposal reported at an undisclosed destination.
Benchmark scrap prices in the Indian subcontinent region: $385-$395/ldt for dry and $415-$425/ldt for wet cargo. Scrap prices in China hover at $350/ldt for dry and $365/ldt for wet cargo. At a similar week in 2012, demolition activity was up by 31%, in terms of the reported number of transactions, when 21 vessels had been reported for scrap of total deadweight 1,173,447 tons with 13 disposals for bulkers, 3 for tankers, 3 for containers and 2 reefers. Ship-breakers in Indian subcontinent region had been offering $405-$410/ldt for dry and $435-$440/ldt for wet cargo" the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 13 November 13
Q3' 14 CFR SOUTH CHINA COAL SWAPS CLOSED HIGHER THAN Q1' 14 PRICES
COALspot.com : API 8 CFR South China Coal swaps for average Q1 14 delivery gained 0.55 percept W-W on Friday 8 November 2013. The CFR South China Co ...
Wednesday, 13 November 13
THE SOFTENING HAS AFFECTED THE BIGGER SIZE SEGMENTS; SMALLER ONES STILL APPEAR TO BE VERY STABLE - INTERMODAL
After a month and a half of back to back weekly declines, the dry bulk market has finally reversed its negative course. We believe that there should ...
Wednesday, 13 November 13
DRY BULK MARKET HAS REVERSED ITS NEGATIVE COURSE - INTERMODAL
Chartering (Wet: Firm+ / Dry: Stable+ )
The Dry Bulk market has reversed its negative course this past week with rates for Capes making up fo ...
Wednesday, 13 November 13
NEWCASTLE COAL EXPORTS PLUNGE 12.40% IN W/E 10 NOVEMBER FROM THE PRIOR WEEK
COALspot.com: In the week ended November 11, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totaled 2.42 ...
Monday, 11 November 13
TAMIL NADU STATE OWNED POWER GENERATOR TO IMPORT 3.7 MMT OF 6000 GAD COAL
COALspot.com - TANGEDCO, Tamil Nadu Generation & Distribution Corporation Ltd, Tamil Nadu state owned power generator & distributor intends ...
|
|
|
Showing 4016 to 4020 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- The University of Queensland
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
|
| |
| |
|
