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Friday, 22 November 13
DRY BULK MARKET STILL LACKLUSTRE, DESPITE PROJECTIONS OF A NEW RALLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
We might still be about six weeks far from the end of the year, but the projected by many analysts upcoming rally of the dry bulk market, hasn't yet arrived. As a result, the Baltic Dry Index (BDI), the industry's benchmark was once again lacking support, ending yesterday at 1,499 points, down by 28 points. Capesizes are still struggling for higher ground, with the Baltic Capesize Index (BCI) down by 64 points on the day at 2,447. Panamaxes were unchanged over the previous session, while smaller ship types witnessed some kind of positive support and were a bit higher on the day.
According to the latest weekly report from shipbroker Fearnleys on the capesize market, it was noted that "triggered by healthy far east demand and improving FFA levels - and nothing else - the downward trend has turned into notable spot and period improvement. Due to sudden need for early loaders on the WAust/China ore trade, values of Far East rounds have jumped almost 10% to come in at usd 19k. Although at smaller scale, a similar situation for pacific coal trades has contributed to stop a negative spiral and maintain average earnings flat at just under usd 19k w-o-w. Atlantic is best described as uncertain, and increased cargo volume in this area is badly needed for any further general improvement to happen. Although little actually concluded, period levels are up on average some usd 750/day on back of paper improvement" it said.
Meanwhile, on the Panamax front, Fearnleys noted that "the Panamax rates dropped in both hemispheres this week. With a slow demand and vessels being ballasted from Pacific into the USG, rates continue to drop for December loading. Spot rates at around USD 50pmt for USG/China vs a January stem being fixed at USD 46pmt this week shows little faith in Q1. Although FFA values are trading up at time of writing, it would seem this is a consequence of the bigger Capes experiencing a firming tendency. TA´s are now being fixed in region of 10/11k depending on delivery while Pac rounds are being fixed in the 9´s. The period market is more or less none existing although one LME got fixed for 1 year at USD 11,300 for Feast delivery".
Finally, on the Handy markets, Fearnleys said that "the Atlantic market experienced a general rate increase for most trades this week. More cargoes in the market and chrts looking for prompt tonnage to cover their USG loadings had a tough time getting cvrd. In the eastern hemisphere the rates have remained firm this week. Supported by large volume on Indo nickel ore and bauxite, rates have been reported at around USD 17/18k levels. The bauxite trade is largely affected by the new export tax being implemented in 2014 which will most likely slow down the volume for same. Indo/India runs are being rated in the mid teens by ships open N.China and same levels for NoPac rounds. Short periods are being fixed in region of USD 12-13k", it concluded.
Meanwhile, in the newbuilding market, Clarkson Hellas said that "there were further orders to report this week in the VLOC market, with it coming to light that Henghou Industries have contracted two further vessels in a series of 250,000 DWT ore carriers at Guangzhou Longxue. Pricing remains undisclosed, however delivery of these latest vessels is planned for 2016 and takes the total series to four firm. Knightsbridge Tankers are reported to have placed an order for two firm 180,000 DWT Capesize at Daehan Shipbuilding, with delivery of both vessels planned for 2015. In the smaller sizes, it is understood that Shih Wei Navigation have contracted a single 60,000 DWT Supramax bulk carrier at Onomichi in Japan. Delivery is planned for mid-2016 with pricing in the region USD 29 million.
Limited ordering to report in the tanker market this week, with a single contract for one firm plus one option 50,000 DWT Jones Act Product Tankers from Seabulk International at General Dynamics NASSCO. The vessels will be built ready for conversion to using LNG as a fuel, with the first due to deliver at the very end of 2016 and second vessel in 2017.
In the gas market, BW Gas have declared options for the fifth and sixth in a series of 84,000 CBM LPG carriers at HHI, with delivery of both vessels understood to be for mid-2016. A relatively quiet week also in the container market with just one order to report. Cape Shipping have contracted two firm 6,900 TEU container carriers at Hanjin Subic, with delivery of the first vessel in mid-2015. In other sectors, Hoegh Autoliners have declared further options for 8,500 unit PCTCs at Xiamen. These latest orders take the series to six firm vessels with delivery planned for the first quarter of 2016".
Source: Nikos Roussanoglou, Hellenic Shipping News
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Sunday, 01 December 13
PANAMAX RATES HAVE REBOUNDED - CAPT. REDDY
COALspot.com: The freight market was quite firm last week with all the indices increased. Cape Index was gained highest this week which supports inc ...
Saturday, 30 November 13
NTPC STARTED IMPORTING COAL THROUGH NW1 FOR ITS FARAKKA POWER PLANT
COALspot.com: In a pioneering and path breaking operation, the very first consignment of about 69,060 metric tons of imported coal bought by MV HUAY ...
Friday, 29 November 13
DRY BULK MARKET BACK ON HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market is strengthening as a result of higher demand for Capesize vessels. The BDI (Baltic Dry Index) was up by 146 points yesterday, e ...
Wednesday, 27 November 13
DRY SEGMENTS EXCEPTION OF PANAMAXES, REMAINED OVERALL STABLE - INTERMODAL
COALspot.com : The Dry Bulk market closed off the week in the red, albeit the decrease noted was of short scale. With the exception of Panamaxes, th ...
Wednesday, 27 November 13
US WHEAT IMPORTS TO BRAZIL, REACHED A 35 - YEAR HIGH - EVA TZIMA
COALspot.com: As I am going through a number of dry market fixtures reported since the beginning of October, my eyes instinctively stop where they d ...
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- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- The University of Queensland
- Eastern Energy - Thailand
- VISA Power Limited - India
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Economic Council, Georgia
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
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