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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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Monday, 12 August 13
GBCE SUCCESSFUL IN UPGRADING LOW RANK INDONESIAN COAL ON INDUSTRIAL SCALE
COALspot.com : GB Clean Energy Ltd. (GBCE) has annoused that, the company has successfully upgraded 2,426 tonnes of low rank 4,018 kcal NAR Ind ...
Monday, 12 August 13
INDIA - SAFE SHIPMENT OF IRON ORE FINES FROM INDIAN PORTS - WEST OF ENGLAND P&I CLUB
As Members may be aware, in 2009 two ships, the ‘Asian Forest’ and the ‘Black Rose’, capsized and sank following the liquefa ...
Sunday, 11 August 13
INDONESIAN COAL SWAPS : FLAT ON DAY
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average Q4 2013 delivery flat on day due to holidays in Indonesia, Malaysia & ...
Sunday, 11 August 13
SUPRAMAX FREIGHT RATES FROM INDONESIA TO INDIA CONTINUED TO BE SOFT - VISTAAR
COALspot.com : The freight market was soft this week with all indices down , the reason could be long weekend holidays in Indonesia, Singapore and M ...
Saturday, 10 August 13
MOODY'S: OUTLOOK FOR US COAL INDUSTRY CHANGES TO STABLE FROM NEGATIVE
Moody's Investors Service has changed its outlook for the US coal industry to stable from negative, the rating agency says in a new report, "U ...
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- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Australian Coal Association
- White Energy Company Limited
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Planning Commission, India
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Deloitte Consulting - India
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