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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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Sunday, 01 December 13
PANAMAX RATES HAVE REBOUNDED - CAPT. REDDY
COALspot.com: The freight market was quite firm last week with all the indices increased. Cape Index was gained highest this week which supports inc ...
Saturday, 30 November 13
NTPC STARTED IMPORTING COAL THROUGH NW1 FOR ITS FARAKKA POWER PLANT
COALspot.com: In a pioneering and path breaking operation, the very first consignment of about 69,060 metric tons of imported coal bought by MV HUAY ...
Friday, 29 November 13
DRY BULK MARKET BACK ON HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market is strengthening as a result of higher demand for Capesize vessels. The BDI (Baltic Dry Index) was up by 146 points yesterday, e ...
Wednesday, 27 November 13
DRY SEGMENTS EXCEPTION OF PANAMAXES, REMAINED OVERALL STABLE - INTERMODAL
COALspot.com : The Dry Bulk market closed off the week in the red, albeit the decrease noted was of short scale. With the exception of Panamaxes, th ...
Wednesday, 27 November 13
US WHEAT IMPORTS TO BRAZIL, REACHED A 35 - YEAR HIGH - EVA TZIMA
COALspot.com: As I am going through a number of dry market fixtures reported since the beginning of October, my eyes instinctively stop where they d ...
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- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
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