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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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Tuesday, 22 October 13
KOWEPO INVITED BIDS FOR MULTI GRADE COAL
COALspot.com - Korea Western Power Co., Ltd. (KOWEPO), a Korean electricity generator intends to procure 240,000 tons of multi grade coal for its Ta ...
Monday, 21 October 13
SOUTH CHINA COAL SWAP FOR 2014 DELIVERIES SHOW A POSITIVE TREND
COALspot.com : API 8 CFR South China Coal swaps for average Q4 2013 delivery fell 0.02 percept M-M on Friday 18 October 2013. The CFR South China Co ...
Sunday, 20 October 13
Q3'14 SUB-BIT INDO COAL SWAP CLOSED AT $ 61.80 PMT W/E 18 OCT' 13
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery fell 0.93 percept month on month on Friday 18 October 201 ...
Saturday, 19 October 13
NICKEL ORE SHIPMENTS KEEP SUPRAMAX CHARTER RATES STEADY - CAPT. REDDY
COALspot.com : The futures freight market continued to go down which was reflected in the physical markets as well.
The BDI continued to be soft ...
Friday, 18 October 13
WOOD MACKENZIE FORECASTS CHINA WILL OUTWEIGH THE REST OF THE WORLD FOR BASE METALS DEMAND BY 2017
China set to account for 52% of 117mt base metals market by 2017
China is on track to exceed rest of the World demand by 2017, becoming the singl ...
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- Minerals Council of Australia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Planning Commission, India
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
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