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Saturday, 01 August 15
DRY BULK MARKET KEEPS ITS MOMENTUM, AS OUTLOOK IMPROVES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Although conditions remain more than challenging, especially from an economic point of view (aka China’s stock worries), the dry bulk market looks set for a solid summer, after a dreadful first half of the year. Demolitions of older bulkers have certainly helped a lot towards alleviating the overflow of tonnage supply, compared to demand. As a result, yesterday, the industry’s benchmark, the Baltic Dry Index ended up by yet another 10 points, to 1,104 points, on the back of slight gains posted since the start of the week. This marks a total of 19 rising sessions over the course of the past 20 sessions.
Capesizes are leading the way, with the Baltic Capesize Index rising by yet another 113 points yesterday to reach 2,103. Commenting on the Capesize market, shipbroker Fearnley’s said in its latest weekly report that “the Capesize market firmed up this week, driven mainly by strong front-haul market and firm pacific fixtures. West Australian market moved up slightly with fixtures concluded at $6.15 on Monday and jumped up to $6.30 on Tuesday. Wednesday saw an overall positive Australian market with prompt fixtures heard done close to mid-$6.
The front-haul TCT market for Brazil/China r/v moved from USD 14,000 level on Monday to USD 16,500 Tuesday and the voyage rate Tubarao to Qingdao peaked in excess of $16.00. Front-haul market on Wednesday continued its firm stance. Few TA fixtures were concluded this week but this does not seem to affect the positive outlook on front-haul”.
On the Panamax market, Fearnley’s said that “after last weeks positive developments ended subdued, this week started in an unclear direction with paper trading up while physical was inactive. Further in the week tonnage list grew longer in the east overweighing demand and seeing rates slip with pac rounds being concluded around 7k. Eco kamsarmaxes getting high 8 k for Nopac. Front-haul has been thin with what little done at levels below last. Grain still the driver. Also Atlantic have seen less activity and lower rates, owners ask 11k while TA being concluded at closer to 10k level. The few active takers for period are holding back and not rating expecting rates to slip further. Short term we expect market will drop further before a new floor established”.
Finally, in the Handy markets, “rates coming off from last week. USG to east med for handy paying USD 25. Modern 35k vessel getting low USD 14k for Recalada to North Spain. Short periods del US Atlantic redel ww paying low 9 k. Fertilizer from Baltic to Brasil fixed at sub USD 20 for 46.00 10pct stem. Ramadan ended with less fresh cargoes than expected. Ultramaxes getting like 10k+ for Indonesia/Eci rounds. Nopac round to Indonesia for Supra concluded at 8k + bb. North China vessels being fixed in the high 5/low 6k levels for backhaul trips”, Fearnley’s concluded.
Meanwhile, in the demolition market this week, which has helped fuel dry bulk freight rates over the past few weeks, through the decomissioning of substantial tonnage, shipbroker Intermodal noted that “amidst exceptionally thin activity, plummeting prices and fears of things getting even worse going forward, the demolition market spent yet another week in desperate search of positive signs that could support sentiment. The Indian subcontinent market has seen another $15-20/ldt being shed of local bids, while in some cases the discounts were even bigger, scaring away the few potential sellers left in the market. Where does it stop? This seems to be the question on everyone’s mind right now, especially as the end of the Eid holidays seem to have brought no change of appetite in either Bangladesh or Pakistan.
Indian breakers have at the same time stayed on the sidelines for yet another week, with predictions for heavy rains in the following weeks and a weak Rupee adding to the already negative sentiment. Cheap Chinese steel exports remains the main market hurdle that is weighing down on any efforts for a positive market reversal, while the fact that the rebound in dry bulk rates has severely hit the supply of tonnage, is viewed as the only price supporting factor at the moment. Prices this week for wet tonnage were at around $160-345/ldt and dry units received about $140-320/ldt.”, Intermodal concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 21 July 15
CHINA'S ENERGY COMMODITY IMPORTS DIVERGING - RICHARD SCOTT | HELLENIC SHIPPING NEWS
Energy commodity imports into China have grown enormously over the past decade, boosting global demand for shipping capacity. But a dramatic change ...
Tuesday, 21 July 15
FOB INDONESIA COAL SWAPS EXTEND LOSS
COALspot.com: Indonesian coal swap for delivery Q3 2015 declined month on month and week over week, this past week. The swaps was lost 0.70%.
...
Tuesday, 21 July 15
Q4'15 FOB RBCT COAL SWAP DECLINES NEARLY 3.13 PER CENT MONTH OVER MONTH
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q3' 2015 declined month over month and week over week.
The Q3 swap was down US$ ...
Monday, 20 July 15
FOB NEWCASTLE COAL SWAP SEE FURTHER DECLINES
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery down $ 1.32 per MT (-2.89%) month over month to US$ 44.43 per mt. The swap ...
Monday, 20 July 15
CFR SOUTH CHINA COAL SWAPS GAIN WEEK OVER WEEK
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery declined US$ 1.18 (2.27%) per MT month over month.
A commodity swap ...
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Showing 2911 to 2915 news of total 6871 |
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- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- The University of Queensland
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Economic Council, Georgia
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
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