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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, ending the session at 1,719. Capesize led the gains, with the Baltic Capesize Index rising by an impressive 352 points. Panamaxes were also on a high note, followed by smaller gains in the Supramax and Handy markets. In a report this week, shipbroker Intermodal said that market sentiment is already more positive as freight rates for the bigger size segments have started stabilizing, while those for Supras and Handies continue to climb.
In its latest weekly analysis, shipbroker Fearnleys commented on the Capesize market that "after dipping across the board, the spot trend has again reversed market appears better supported. West Australia/China rates have pushed north of USD 10 PMT again, and cargoes out of Brazil are more apparent. Whilst the Tubarao/China index remains flat w-o-w, increased volumes on this route are likely to result in improved levels shortly. Transatlantic activity remains limited in comparison. Paper has reflected the positive sentiment, with December contracts gaining $1200 w-o-w to present USD 19k, cal 14 gaining about $600-700 to come in at usd 17k. Period values for about 1 year on a good 180 dwt dely Far East vessel are currently valued between 17.5k and 18.5k per day, with the latter just being concluded for a period of 10-15 months".
Frontline 2012 Ltd. said yesterday that "according to the Baltic Exchange the average Capesize spot earnings in the third quarter of 2013 was $18,968/day compared to $6,214/day in the second quarter. According to Chinese official data iron ore imports to China increased from 200 million tons in the second quarter to 217 million tons in the third quarter of 2013. The coal imports increased from 69 million tons to 70 million tons in the same period.
According to Fearnley's the Capesize fleet (150-200'dwt) totaled 1,041 vessels at the end of the third quarter of 2013, an increase of five vessels from the previous quarter. The revised order book counted 103 vessels at the end of the third quarter, compared with 95 vessels the previous quarter, representing 9.9 percent of the Capesize fleet", the ship owner noted.
In the Panamax market, according to Fearnleys, "the week started as the last one ended, in a slow pace. Atlantic basin appears to be stronger with expectations from Owners for a firmer market, however charterers have been reluctant to pay up to cover their requirements. Short Baltic rounds paying in the region of 13-14k while trans Atlantic paying 12-13-ish. For front haul owners obtaining healthy 23-24 k via USG or 18+ 850 GBB. From midweek we have seen more fresh cargoes in both Hemispheres indicating a positive trend. Pacific rounds paying arnd 12-13 k, tick less for NOPAC. Most probably we will se a firmer trend for the coming week before market again slows down. Period market not very active lately but 11-13 months and similar periods paying in the 11,750 region".
Finally, in the Handy markets, the shipbroker mentioned that "we experienced a firming market in the Atlantic this week. Chrts looking for prompt ships able to cover their end November stems have to pay up as the tonnage list is scares. Trips from USG to Continent are now paying in excess of USD 22k. In the Pacific we see rates increasing as well. The Indonesian imposed ban on nickel ore and bauxite exports have boosted the shipments of same. Smaxes able same can achieve above 20k for trips to China bss Spore delivery. On the back of this rate hike the period market has regained activity. Short periods trading in the 13k´s and-year deals in the 12 ´s", Fearnleys concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Wednesday, 08 January 14
SHIPPING: THE ABSOLUTE BOTTOM OF THE CYCLE WAS REACHED AND PASSED - GEORGE LAZARIDIS
COALspot.com: To many in the industry 2013 has been the turning point in the market where the absolute bottom of the cycle was reached and passed.
...
Tuesday, 07 January 14
INDONESIA RAISES COAL PRICE THIS MONTH
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has increased government declared coal bench mark price by US$ 1.59 / MT ...
Tuesday, 07 January 14
NEWCASTLE COAL TERMINAL'S COAL EXPORTS SLIDE TO 3.54 MMT W/E 30 DECEMBER 13
COALspot.com: In the week ended December 30, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 3.54 ...
Tuesday, 07 January 14
US COAL OUTPUT SLIDES 9 PCT WEEK ON WEEK, EIA SAYS
COALspot.com – United States the world’s second largest coal producer, produced approximately 17.8 million short tons (mmst) of coal in ...
Monday, 06 January 14
ARGUS LAUNCHES SPOT CFR EAST COAST INDIA COAL ASSESSMENTS
COALspot.com: Global energy and commodity news and price reporting agency Argus has announced today that, the company has launched CFR coal assessme ...
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- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Marubeni Corporation - India
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
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