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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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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 b ...
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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- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- CNBM International Corporation - China
- PTC India Limited - India
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Planning Commission, India
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
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