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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, 13 November 13
THE SOFTENING HAS AFFECTED THE BIGGER SIZE SEGMENTS; SMALLER ONES STILL APPEAR TO BE VERY STABLE - INTERMODAL
After a month and a half of back to back weekly declines, the dry bulk market has finally reversed its negative course. We believe that there should ...
Wednesday, 13 November 13
DRY BULK MARKET HAS REVERSED ITS NEGATIVE COURSE - INTERMODAL
Chartering (Wet: Firm+ / Dry: Stable+ )
The Dry Bulk market has reversed its negative course this past week with rates for Capes making up fo ...
Wednesday, 13 November 13
NEWCASTLE COAL EXPORTS PLUNGE 12.40% IN W/E 10 NOVEMBER FROM THE PRIOR WEEK
COALspot.com: In the week ended November 11, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totaled 2.42 ...
Monday, 11 November 13
TAMIL NADU STATE OWNED POWER GENERATOR TO IMPORT 3.7 MMT OF 6000 GAD COAL
COALspot.com - TANGEDCO, Tamil Nadu Generation & Distribution Corporation Ltd, Tamil Nadu state owned power generator & distributor intends ...
Sunday, 10 November 13
PANAMAX COAL FREIGHT RATES REMAIN UNDER PRESSURE; SUPRAMAX BIGGEST GAINER - REDDY
COALspot.com: The freight market was up this week with all indices increased except for Panamax index.
The BDI was up by 56 points closing at 158 ...
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- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- The University of Queensland
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- London Commodity Brokers - England
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
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