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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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Thursday, 31 October 13
HANDY: ACTIVE; PANAMAX: QUIET; CAPESIZE: NO LIGHT
Handy
The handy market had an active week however not directly translated into the rates we´ve seen in the Pacific. We see more coal and baux ...
Wednesday, 30 October 13
INDONESIAN STATE OWNED COAL MINER HAS EXPORTED 7.02 MILLION TONS OF COAL IN 9 MONTHS
COALspot.com : PT. Bukit Asam, Indonesian state owned coal miner has sold 13.24 million tons of coal for the period January - September 2013. Accord ...
Wednesday, 30 October 13
DRY BULK MARKET HAS LOST FURTHER GROUND THIS PAST WEEK - INTERMODAL
Chartering (Wet: Firm+ / Dry: Stable-)
The Dry Bulk market has lost further ground this past week, as de-creased activity in both basins for both C ...
Wednesday, 30 October 13
CAPESIZE: DOWNWARD; SUPRAS AND HANDIES: STABLE - INTERMODAL
The Dry Bulk market has resumed its downward movement, noting another dip for a third week in a row. The larger size segments were responsible for p ...
Tuesday, 29 October 13
NEWCASTLE PORT SHIPPED 12.29 PER CENT MORE COAL W-W
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 12.29 per cent week on week to 3.61 million mt for ...
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- Eastern Energy - Thailand
- MS Steel International - UAE
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Minerals Council of Australia
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
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