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Friday, 27 June 14
DRY BULK MARKET STILL LOOKING FOR UPSIDE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market has kept up its lacklustre performance during the past week, as evidenced by the course of the Baltic Dry Index (BDI). The BDI ended yesterday further down by 22 points, to 824, well below the 1,000-point mark. All major segments fell yesterday, with the Capesize market leading the fall.
According to this week’s report from shipbroker Fearnleys, in the Capesize market, “the bottom has hopefully been reached for now, with a steady number of fixtures out of West Australia to China at USD 7,75 pmt, as well as handful of fixtures out of Brazil at going freight of USD 21,50 pmt. More activity out of Brazil is expected, which will result in immediate healthier rates. Period activity however still remaining slow with one year levels presently sub usd 20,000, considered too low by most owners”, the shipbroker said.
Meanwhile, on the Panamax front, “this week started slowly with little fresh requirements in both hemispheres and this continued as the week went on. We are expecting the index to set a new all-time low on 4tc average before this week is over. In the Atlantic all operators and owners are struggling to fix their prompt ships. Most ships are still trading, but we expect to see more and more ships dropping anchor soon as a trans-Atlantic round is paying close to zero and fronthaul is now well below USD 10k. It is slightly easier to fix your ship in the east, at least if you are willing to accept aps rates with a low ballast bonus.
A pacific round pays around USD 3000 daily. The period market has of course come down as well. But there has been some period activity as we see some owners are willing to take around USD 8000 for a short period as the alternative is so much worse”, Fearnleys said.
Finally, on the Handy markets, “in the Atlantic there has been little activity which again has caused rates to slip across all trades. TA´s are now down to Usd 5,500 and it is no doubt that this market is heading south before the summer holidays are upon us. Some owners have been able to clear their schedule with letting ships go for shorter or longer periods and achieving decent rates for same with 12k being done for 2 years. The market in Feast remains quiet and weak but rates are somewhat holding steady.
Vessels open Singapore were fixed arnd 8K for trips to India while the ECO tonnage can achieve slightly more. For trips to S.China Supras could fix around 7K. NOPAC is paying arnd 9K +290K BB bss APS. S.Africa is still weakening For trips East rates are around 8,500-9K + 150K BB”, the shipbroker concluded.
Meanwhile, according to shipbroker Intermodal, in the newbuilding market, “the trend of the week prior resumed, with tankers and dry bulkers monopolizing the list of recently reported deals. Prices have not yet witnessed the pressure one would expect under the current overall market environment but the truth is that in most cases the actual discount would not be as obvious, as shipbuilders have been including free extras in their quotes rather than offering straight forward price discounts. This means that actual prices have softened a bit further than what the yards are willing to admit or rather than what current orders reveal. It will be interesting to see how August will pan out for the market, as traditionally there tends to be a step back from over marketing slots during this period and in this instance we might actually get to see the above mentioned discount manifesting on the actual prices. In terms of new orders, the Australian group, Fortescue Metals, has placed an order at Jiangsu New YZJ, in China, for four firm VLOCs (260,000dwt), for a price of US $ 68.75m each and with delivery set between 2016 and 2017″, said Intermodal.
Finally, in the ever-so critical demolition market, Intermodal said that “prices continue to correct downwards in the demolition market and despite the fact that the sales reported this past week appear to still hold around last dones, the reality is that the average bids out of the Indian Sub-Continent are in fact way lower.
The Indian Rupee continues to be the main cause of concern here. The currency lost further strength against the US Dollar for yet another week, on the back of local importers displaying increased appetite for the Greenback. The presence of cash buyers, who are betting on a reverse of the negative climate is still evident though in last week’s sales, the majority of which was once again concluded by Indian breakers at firm levels. The truth is that demo prices have sustained their strength overall during 2014, hence the appetite at these levels is excused if one takes into account the overall performance of the market as well as the resistance of prices during the greater part of the year.
The rest of the market remained stable, with activity remaining lackluster overall. Average prices this week for wet tonnage were at around 325-485$/ldt and dry units received about 310-465$/ldt”, the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Wednesday, 02 July 14
THE PANAMAX MARKET CONTINUED TO BLEED FOR ANOTHER WEEK - INTERMODAL
COALspot.com: The Dry Bulk market succumbed to mounting pressure this past week, while the Capesize market proved unable to “save the day&rdq ...
Wednesday, 02 July 14
HANDY BULKERS PROVE TO BE THE MOST SOUGHT AFTER VESSELS OVER THE PAST WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The Handy dry bulker proved to be the most sought after ship by ship owners active in the second hand market, which saw a slight decline in terms o ...
Wednesday, 02 July 14
SHIPPING: MARKET INSIGHT - GEORGE DERMATIS
After 6 months, 57 ministerial meetings and 67 political agreements, the journey of the Greek Presidency in the EU reached its end yesterday; only ...
Tuesday, 01 July 14
INDIAN POWER PLANT COAL STOCKPILES VERY LOW
COALspot.com: According to today's Weekly Dry Bulk Report published by Commodore Research, Indian power plant coal stockpiles have now fallen t ...
Monday, 30 June 14
SUB-BIT FOB INDONESIA COAL PRICES ARE STILL STRUGGLING TO RECOVER
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on week and on month according to AsiaClear OTC coal swap's reports release ...
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- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Bhatia International Limited - India
- White Energy Company Limited
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- The University of Queensland
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Planning Commission, India
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Australian Coal Association
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
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