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Friday, 08 November 13
DRY BULK MARKET BOUNCES BACK ON RENEWED DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market staged a mild comeback this week, as the industry's benchmark, the Baltic Dry Index (BDI) inched forward step by step and bit by bit throughout the week. Even yesterday, when it retreated, it was rather marginal. The BDI now stands at 1,593 points, down by nine points on the day, but significantly higher than last week's levels. Also, it's worth noting that smaller sizes are faring better, compared to their larger counterparts, with the Supramax market stealing the show. The Baltic Supramax Index was up by 14 points yesterday, versus losses of 21 and 20 points in the Capesize and Panamax respective indexes.
In a report this week from Platts, it was noted that "although Capesize freight rates had trended up late last week and early this week, a decline in the paper market seen Wednesday led some market participants to believe the physical market would quickly follow suit. Some others however said it was too soon to conclude Capesize freight rates would trend down. Some charterers are refraining from finalizing fixtures as physical market trends appeared uncertain. Another Singapore-based charterer termed the recent uptick in Capesize freight rates as a "dead cat bounce" and expected freight rates to fall later Wednesday on the Brazil-Qingdao route as the paper market came under "heavy pressure", the report noted.
In its latest weekly report, shipbroker Fearnleys commented on the Capesize market by noting that "steady gains on the physical side coupled with paper volatility. The key West Australia/China route has gained close to USD 1.50 w-o-w. With all miners actively taking ships, time charter equivalent for Pacific routes now push north of USD 17k/day. Fronthaul and T/A rates have also rebounded following last week´s losses, with the conference trade Tubarao/Qingdao up USD 2.50 pmt w-o-w and coming in at USD 22 pmt. Daily average spot earnings stand at USD 20,500, up some 25% during the week. The market does, however, remain nervous, and FFA developments do little to give a clear direction. Consequent limited period activity, with assessed value of good 180k-tonners standing at some USD 17,500 for 12 months", the shipbroker said.
On the Panamax front, it added that "despite some signs of a consolidation mid-week the negative trend from last week continues in both Hemispheres. Baltic rounds fixed at 16,500 and USG grain fronthaul at 53 pmt or 18k + 800k GBB APS. Some signs of increased activity in the Atlantic insufficient to meet the supply and rates hover around 14k generally. With some mixed opinions among the players a few chrtrs have fixed short period within the basin at around 15k+. In Far East volumes have been low in all regular trades with 11,500-12,000 as the prevailing level. However, it is worth to notice the very active Chinese coastal trade with levels up to 20k/day reducing supply. Hardly any movement in the period market as Q4 seems to loose its steam assisted by a gradually falling forward curve", Fearnleys said.
Finally, in the Handy markets, the shipbroker noted that "in the Atlantic we have seen more activity this week with several fixtures being concluded at firm rates. USG/Feast been reported at 30k and from the USEC to Feast high 20´s has been achieved. With holidays in India and chrts having cvrd their prompt cgos for November again leading to a quiet week for the coal rounds in the Pacific. Indo/China rounds are seeing bids at around USD 16k meaning softening rates while the iron ore from EC India are being rated at around USD 11k. Period market is a bit slow but shorter periods are being concluded at reasonable levels".
Source: Nikos Roussanoglou, Hellenic Shipping News
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Sunday, 10 November 13
PANAMAX COAL FREIGHT RATES REMAIN UNDER PRESSURE; SUPRAMAX BIGGEST GAINER - REDDY
COALspot.com: The freight market was up this week with all indices increased except for Panamax index.
The BDI was up by 56 points closing at 158 ...
Friday, 08 November 13
US'S OCTOBER COAL PRODUCTION INCREASED BY 1.78% M-M - EIA
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.3 million short tons (mmst) of coal in ...
Thursday, 07 November 13
FORMOSA PLASTICS SEEKS 80K MT OF 5850 GAR COAL
COALspot.com: Taiwan's Formosa Plastics Group is inviting bids for 80,000 mt of bituminous coal for delivery in Nov - Dec'13 for its Chi ...
Thursday, 07 November 13
INDONESIAN COAL EXPORT VOLUME INCREASED; REVENUE DECREASED
COALspot.com: Indonesia, the 15th largest economy, 4th largest coal producer in the world and world's largest multi grade coal exporter shipp ...
Thursday, 07 November 13
THE ENERGY INDUSTRY'S RISING WATER CHALLENGE - WOOD MACKENZIE
Water poses a variety of business risks for the energy industry, and could play an influential role in shaping the future energy supply mix, accordi ...
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- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Planning Commission, India
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Australian Coal Association
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Mercator Lines Limited - India
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- The University of Queensland
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
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