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Friday, 01 November 13
DRY BULK MARKET IN FIRST POSITIVE SIGN IN DAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Owners of dry bulk carriers are well aware of the rollercoaster ride that has been the market for their vessels over the past few years. This trend was once again cemented during the past couple of months, when the industry's benchmark in terms of hiring rates, the Baltic Dry Index (BDI) raced to unseen for years new heights, only to retreat close to where it all began, back in late August, early September. Still, after a series of downward sessions, yesterday marked the first positive one, in a sign that the market found its new ground. The BDI ended at 1,504 points, up by 20 on the day, with Capesizes recuperating part of their losses sustained over the past few days. The Baltic Capesize Index was up by 81 points to end at 2,245 points. Panamaxes lost ground though, while smaller carriers were marginally higher.
In its latest weekly report, commenting on the Capesize market, shipbroker Fearnleys noted that "no light at the end of the tunnel for shell-shocked owners, and those who have overplayed their hand during the last rally find the escape door to be a very narrow one. Rate levels have been in free fall - notably on considerable volume - all through the week. Actual daily returns for pacific rounds are presently no more than usd 10k/day, with value down close to 50% w-o-w. Atlantic is equally hard hit, down 40% and coming in at some usd 16k/day. A number of N/B´s are still set to enter market prior year-end, and same has to be factored in by players making their forecasts for the weeks and months to come. Period activity is for natural physical reasons next to nothing, and FFA´s are presently too nervous and without direction to give support going forward", the shipbroker said.
On the Panamax front, Fearnleys said that "it has been a somewhat quiet week sofar and rates have been decreasing in both hemispheres. In the Atlantic we have seen rates dropping continuously as there is a lack of fresh cargoes and the tonnage list is again growing. The Cape market has also had a direct impact on pmax rates with stems being split into pmax stems, but the recent dramatic rate decline for Capes influences the Pmax market with no benefit from these additional cargoes.
The Ta´s are now paying in the region of Usd 16k and Fhauls bss USG loading in region of Usd 18k + 800k bb. Pacific rounds which are also declining are now being fixed in the 13-15k level depending on delivery. Period market has come down on lack of takers and the FFA mrkt is not giving the same support".
Finally, on the Handy market, "it had an active week however not directly translated into the rates we´ve seen in the Pacific. We see more coal and bauxite cargoes in the market and owners with ships open in EC India or North China are seeing rates in the low teens for same. For the shorter Indo rounds charterers have to pay up due to a tight tonnage list and facing levels ard Usd 16k for either India or China direction. In the Atlantic the mrkt we have seen more activity and firmer rates, especially in the USG. The list of prompt ships able early/mid Nov cancelling is scarse and we expect the rates to continue the firmind tendency, at least for the shorter term", Fearnleys concluded.
In a report this week, Platts, quoting market sources, noted that the absence of sufficient Brazilian iron ore cargoes, was one of the key reasons being the weakness of the market, especially for Capesize carriers, along the major Pacific routes. But, an anticipated increase in thermal coal imports by India and China could also help boost Capesize freight rates from Australia. Still though, the room for uptick is limited unless we see more [fixtures for] Brazilian [iron ore] cargoes in the market. Mining majors have pretty much secured all the vessels they need and they aren't seeking any more, a Shanghai-based trader said.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 28 October 13
API 8 CFR SOUTH CHINA COAL FOR Q3'14 DELIVERY LOST ON D-D,W-W & M-M
COALspot.com : API 8 CFR South China Coal swaps for average Q4 2013 delivery fell 0.22 percept M-M on Friday 25 October 2013. The CFR South China Co ...
Monday, 28 October 13
COAL SWAP FOR Q3' 2014 DELIVERY LOST ON D-D, W-W AND M-M
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery gained 0.46 percept month on month on Friday 25 October 2 ...
Saturday, 26 October 13
PANAMAX CHARTER RATES FROM INDONESIA TO INDIA STAY FIRM - SOLYM
COALspot.com: The freight market showed tendency of softness with Cape and Panamax futures and physical soft.
The BDI was down by 12 pct week end ...
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 ...
Friday, 25 October 13
U.S. YEAR-TO-DATE COAL PRODUCTION REACHED TOTALLED 803.1 MMST
COALspot.com – United States the world’s second largest coal producer produced approximately 19.10 million short tons (mmst) of coal in ...
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- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- The University of Queensland
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
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