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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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Wednesday, 04 September 13
RBCT SHIPPED 16.18 PERCENT MORE COAL IN JULY
COALspot.com - Richards Bay Coal Terminal (RBCT) is the single largest coal export terminal South African as well as in the world has shipped 6,162, ...
Wednesday, 04 September 13
SUPRAS AND HANDIES : INDONESIAN COAL CARGOES ARE SUPPORTING HEALTHY ACTIVITY LEVELS - INTERMODAL
The Dry Bulk market has pooled back a bit this week after firming for two weeks in a row. The BDI is s holding above 1,100 points and despite the sm ...
Tuesday, 03 September 13
AUSTRALIA'S NEWCASTLE PORT SHIPPED 22.93 PER CENT MORE COAL W-O-W
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 22.93 per cent week on week to 3.39 million mt for ...
Sunday, 01 September 13
COAL SWAP SHOWS MIXED TREND
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average Q4 2013 delivery 1.25 percent up month on month. The swap was moved posit ...
Sunday, 01 September 13
INDONESIA TO INDIA SPOT FREIGHT STAYS FIRM THIS WEEK - VISTAAR
COALspot.com: The freight market continued to be firm with even though the BDI and Cape index dropped by about 3 pct week on week.
The BDI was do ...
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- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- The University of Queensland
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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