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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, 20 November 13
TAIPOWER TO IMPORT 0.825 MMT OF 5000 GAR COAL FOR Q2' 14
COALspot.com: Taiwan Power Company intends to procure 825,000 metric tons of general sub-bituminous coal with calorific value not lesser than 5,000 ...
Wednesday, 20 November 13
CAPES AND PANAMAXES SOFTENING; SMALLER SIZE SEGMENTS FIRMING FURTHER - INTERMODAL
Chartering (Wet: Firm+ / Dry: Stable- )
The BDI has closed off the week on the red, with rates for Capes and Panamaxes softening and those fo ...
Tuesday, 19 November 13
INDONESIAN GOVERNMENT'S DECLARED COAL PRICE REFERENCE UP 1.98% IN NOVEMBER
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has increased government declared coal bench mark price by US$ 1.52 / MT ...
Tuesday, 19 November 13
WEEKLY COAL EXPORTS FROM NEWCASTLE PORT INCREASED BY 20.59%
COALspot.com: In the week ended November 18, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totaled 2.92& ...
Tuesday, 19 November 13
SHIP OWNER POUR MORE MONEY INTO DRY BULK CARRIER ACQUISITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The recent dry bulk market's rally, coupled with an expected fall in oversupply and robust cargo demand has boosted ship owners' optimism on the l ...
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- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- VISA Power Limited - India
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- London Commodity Brokers - England
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Malabar Cements Ltd - India
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- The University of Queensland
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
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