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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
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Sunday, 22 September 13
BDI STRENGTHENS FURTHER AS CAPESIZE FREIGHT RATES JUMP - CAPT. REDDY
COALspot.com: The freight market continued its upward trend and maintaining the moment with BDI and Cape index up by 16 pct week on week. The Capesi ...
Sunday, 22 September 13
API 8 CFR SOUTH CHINA COAL SWAPS ADVANCE
COALspot.com : SGX has launched API 8 CFR South China Coal Swap on 29 April 2013 and SGX replaced the previous swap.
API 8 CFR South China Coal s ...
Sunday, 22 September 13
SUB-BIT INDONESIA COAL SWAPS REMAIN UNDER PRESSURE
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery down 2.09 percept month on month on Friday 20 September 2 ...
Friday, 20 September 13
SHIP OWNERS INVEST MORE THAN $9.2 BILLION ON NEW BUILDING VESSELS DURING AUGUST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the fact that August is traditionally a slow month in terms of ships investment activity, ship owners have grasped this year the opportunity ...
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 m ...
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- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
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