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Saturday, 26 October 13
DRY BULK MARKET KEEPS ON RETREATING, BUT NEW BUILDING ORDERS KEEP ON PILING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market kept on retreating this week, with the industry's benchmark, the Baltic Dry Index (BDI) falling to 1,708 points, down 78 on the day, on the back of lower demand for Capesizes. The Baltic Capesize Index was down by 168 points yesterday to 2,775 points, while a lower fall was evident in the Panamax market, with the Baltic Panamax Index retreating by 51 points to 1,959. Smaller ship types though were a bit higher yesterday, which could be a sign of improved sentiment.
According to the latest report from shipbroker Fearnleys, commenting on the Capesize market, it noted that "Brazil remains absent from the spot market and the West Australia demand has slowed somewhat. As such, there has been little support for the big ships this week and rates have tumbled. West Australia rates have come off $1 w-o-w, with USD 9.75 PMT reported fixed at the time of writing. The T/A index has also taken a notable hit and has lost USD 6000 w-o-w, with a lack of fresh fronthaul enquiry causing an inevitable build-up of tonnage in the Atlantic basin. The weaker Q4 outlook has been echoed on the paper side, with November FFA contracts in particular taking a massive hit, losing USD 8k w-o-w and currently market at around USD 22k. Short period rates are falling as a result, although little has been reported fixed", Fearnleys said.
On the Panamax front, the shipbroker mentioned that "with plenty of major players in Berlin for the Coal Trans conference and lack of fresh cargo in the market, we have seen rates slip across both hemispheres this week. It seems that the Chinese has halted their re-stocking of iron ore for now as the rally we have experienced the last month seems to have come to a halt. TA´s are now paying around 18k while for the shorter Baltic/Murmansk runs owners are fetching low 20´s (from high 20´s end of last week). In the Pacific the rounds are now fixing low teens. The period market is less active with takers withdrawing because of the uncertainty for the short term market", it stated.
Finally, on the Handy markets, Fearnleys said that "we were back from holidays but still not much enquiries in the market. Overall future direction is uncertain. Currently, ships passing Singapore for coal to India talking around USD 15-16k and few discount for trip to China. ECI/WCI/MEG/South Africa remain same", the shipbroker concluded.
Meanwhile, on the new building market this past week, Clarkson Hellas said that "this week’s ordering has been spread evening across the sizes ranging from Newcastlemax down to Handysize, and with yards in China, Japan & Korea all receiving orders in the dry sector. Starting with the largest sizes and Polaris Shipping are understood to have contracted one firm plus one option 208,000 DWT Newcastlemax at Daehan, with delivery of the firm vessel in the first quarter of 2016, and option in the second quarter if declared. Further ordering at one of China’s most experienced yards in the Capesize sector, with SWS taking an order for four firm 180,000 DWT Capesize from Zhejiang Herun Group. Pricing is understood to be in the region USD 54 Mill, with delivery of all four vessels in 2016. At Tsuneishi Zhoushan, Santoku Senpaku are understood to have placed an order for three firm 82,000 DWT Kamsarmax, with long term charter to SwissMarine. The first two vessels are due for delivery in 2015 with the final vessel in 2016. The same owner has reportedly also placed an order for two firm 77,000 DWT Panamax at Sasebo. With the order understood to have been placed earlier this summer, the two vessels are due for delivery in 2015, and both lined up for charter to Rio Tinto. In the smaller sizes China Navigation (CNCo) have continued their ordering in the Handysize section having announced an order for four firm 39,500 DWT Handysize bulkers at Zhejiang Ouhua, with delivery split between 2015 and 2016.", the shipbroker noted.
It also said that "there was some activity to report in the container sector this month, starting with Rickmers reportedly placing an order for two firm 5,400 TEU container carriers at Hanjin Subic. These wide beam post panamax vessels are understood to be the 9th and 10th in the series, with delivery in the second quarter of 2015. Taizhou Sanfu are also understood to have taken an order for ten general cargo/MPP vessels from Quanzhou Ansheng Shipping, each with a container capacity of 2,400 TEU. Delivery of these vessels is to be split between 2015 and 2016.
In other sectors Scorpio Tankers have contracted two firm 84,000 CBM LPG carriers at Hyundai Samho. Pricing is in the region USD 75 Mill with delivery of both vessels in the first quarter of 2016. Finally, EMS AG are reported to have placed an order for a single 4,000 GT Passenger/Cargo vessel at Fassmer Werft. The vessel, which is due for delivery in April 2015, will be LNG fuelled with a price in the region EURO 30 million", Clarkson Hellas concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 30 December 13
INDONESIAN COAL TO BE PART OF INDEX DETERMINING POWER TARIFFS - BUSINESS STANDARD
In a significant move, power sector regulator CERC has decided to provide 50 per cent weightage for Indonesian coal in the benchmark index that is u ...
Friday, 27 December 13
THE EXPORT OF UNPROCESSED MINERALS WOULD NOT BE ALLOWED AFTER 12 JAN 2014 - INDONESIAN ENERGY MINISTER
COALspot.com: The government of Indonesia will implement Law No. 4 of 2009 on Mineral and Coal in full and consistently by January 12, 2014, said, m ...
Friday, 27 December 13
INDONESIA SHIPPED 15.75 PERCENT MORE COAL IN NOVEMBER
COALspot.com: Indonesia, the world's 4th largest coal producer and the largest multi grade coal exporter shipped over $2* billion worth of co ...
Thursday, 26 December 13
COAL & OIL GROUP SECURES US$ 250 MILLION FUNDING FOR ITS 1200MW THERMAL POWER PLANT IN INDIA
COALspot.com: Dubai-based Coal & Oil (C&O) Group has announced that it has secured additional funding of approximately Dhs. 1 billion (appro ...
Wednesday, 25 December 13
DRY BULK INDEX LOST SOME GROUND THIS PAST WEEK - INTERMODAL
Chartering (Wet: Firm+ / Dry: Softer - )
The Dry Bulk Index lost some ground this past week, on the back of activity slowing down befor ...
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- Indika Energy - Indonesia
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
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