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Friday, 07 February 14
DRY BULK MARKET ON ' REVERSE' MODE DUE TO CHINESE HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept its uninspiring mood throughout yet another week, with the Baltic Dry Index (BDI) hovering slightly above the 1,000-point mark, where it stood for most of 2013, erasing in effect the fourth quarter rise of the previous year. Yesterday, the BDI ended slightly higher at 1,092 points, up by six points, the first upward session in days. The slight uptick was triggered by a sudden increase in the capesize market, with the Baltic Capesize Index up by 31 points, to 1,575. Apart from the Panamaxes and Handysizes which remained unchanged on the day, the only other major news was the slight retreat of the Supramax market.
In its latest weekly report, commenting on the Capesize market, shipbroker Fearnleys said that "the rates remain weak in both Atlantic and Pacific, and its generally low activity mainly due to the hollidays in China. However there is an anticipation the floor has been reached for now, although a serious improvement is not expected prior to the end of the hollidays. This week West Australia round voyage has improved from 7,10 to 7,30 and tub / qd is still in the very upper 19s. When freight rates start to move in a positive direction, things may move quick however there are still a good number of ballasters and early ships which most likely will slow the development to some extent".
On the Panamax front, Fearnleys mentioned that "the Chinese New Year Luna holidays has brought the trading to a minimum this week. Far east almost absent and Atlantic on slow steam. Some fresh coal orders from USEC and USG was covered at very low levels. US coal exports also down from january 2013 which also may have contributed to the low activity and rates for January. On the contrary the period marked seems to have stabilized and player seems to have a more positive outlook on the rest of the year. A modern Kamsarmax reported fixed for 2 years at 15k with option 1 mora at 16k. The upcoming grain season may have an impact on panamax rates for Q2 and predictions that iron ore export from Brasil will increase as well. T/A now just arnd 10k. Nopac under 9 level, fronthauls despite little done arnd 16.5 + 650.00 aps. 1 year period 14-14.5 k".
Finally, on the Handy market, the shipbroker stated that "due to ongoing Chinese new year the market is still quiet. Slowly we can see some fresh coal cargos entering the market with second half Feb/early March dates. T/C rates seem too slowly leveling out. Supras open China can be fixed around 4k+40k aps for SE.Asia coal rounds. For Indo / Idai Coal trips vessels can achieve around usd 6K. For sand cargos from Cambodia vessel got fixed at around usd 5K. NOPAC, large modern got fixed at around 8K + 330 BB. For short period vessels trading around usd 9-10K depending on spec", Fearnleys concluded.
Meanwhile, in its dry bulk market outlook, issued this week, ship owner Knightsbridge Tankers said that "over the last three years, the focus has been on the supply side of the dry bulk industry. Overcapacity has caused great concerns with an official order book representing approximately 50 percent of the total fleet at the beginning of 2011. The order book has gradually been reduced and by the end of 2013, it is estimated to be approximately 17 percent of the existing fleet albeit a much bigger fleet than three years ago. In 2013, approximately 60 million dwt was delivered and approximately 22 million dwt of the dry bulk fleet was removed. Consequently, net fleet growth ended at seven percent which was considerably lower than in the three previous years".
It added that "the "China story" remained intact in 2013 and China accounted for 83 percent of the global demand growth of 200 million tons. Last year, China imported a total of 1,500 million tons of dry bulk commodities, compared to 750 million tons in 2008. This represents approximately 35 percent of global dry bulk trade measured in volume and more than 40 percent in ton miles".
It concluded its statement by noting that "expectations for a higher utilization of the dry bulk fleet are high among many analysts and owners. Consequently, ordering of new capacity was quite brisk in the second half of 2013, leading to higher new building prices. From a low in the first quarter of last year, prices rose by approximately 15 percent on average. Asset prices for second hand vessels, in particular Capes, witnessed even stronger gains. The value of a second hand Cape increased by more than 25 percent last year", the shipowner said.
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
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
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