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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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Wednesday, 20 November 13
PANAMAX MARKET RESUMED ITS NEGATIVE MOVEMENT FOR A SECOND WEEK IN A ROW - INTERMODAL
COALspot.com: The recovery noted the week prior in the dry Bulk market proved to be short-lived, as the BDI slipped back down to the low 1,500 point ...
Wednesday, 20 November 13
TAIPOWER TO IMPORT 0.825 MMT OF 5000 GAR COAL FOR Q2' 14
COALspot.com: Taiwan Power Company intends to procure 825,000 metric tons of general sub-bituminous coal with calorific value not lesser than 5,000 ...
Wednesday, 20 November 13
CAPES AND PANAMAXES SOFTENING; SMALLER SIZE SEGMENTS FIRMING FURTHER - INTERMODAL
Chartering (Wet: Firm+ / Dry: Stable- )
The BDI has closed off the week on the red, with rates for Capes and Panamaxes softening and those fo ...
Tuesday, 19 November 13
INDONESIAN GOVERNMENT'S DECLARED COAL PRICE REFERENCE UP 1.98% IN NOVEMBER
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has increased government declared coal bench mark price by US$ 1.52 / MT ...
Tuesday, 19 November 13
WEEKLY COAL EXPORTS FROM NEWCASTLE PORT INCREASED BY 20.59%
COALspot.com: In the week ended November 18, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totaled 2.92& ...
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- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Posco Energy - South Korea
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- White Energy Company Limited
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
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