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Sunday, 06 December 15
DRY BULK MARKET ON REVERSE MODE, SET TO BREAK NEW ALL-TIME LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market has been the negative “star” of the shipping industry for quite some time. In fact if it wasn’t for the booming tanker segment and the rebounding LNG/LPG niches, then shipping could be very well be deemed as a recession-hit one. Yesterday, the dry bulk market’s benchmark, the Baltic Dry Index (BDI) retreated by 16 points to reach just 574.
Capesizes were the leaders of the fall, by losing 70 points to 931 points. All other sub markets were also down, except for the Handysize markets which were unchanged on the day.
In its latest weekly report, shipbroker Fearnleys noted on the Capesize market, that “the Trans Atlantic market has been pushed up till earlier this week. For vessels opened in North Atlantic, hire went up to 8500-9000 USD level for one TCT in Atlantic. With a bit fewer ballasters to Brazil, the Tubarao/Qingdao freight rate was also going up to high 9 USD. 20,000 USD/day was reported for vessel open in Atlantic for one trip via Narvik to PMO/Japan range. However, the Pacific side was not as positive as the Atlantic. Though rates went up to very high 4 USD for west Australia to Qingdao, and tc hire went up to 8000-9000 USD/day earlier, rates for west Australia to Qingdao dropped again sharply and quickly to low 4 USD”.
Similarly, “the Panamax market remained uninspired with little light for owners with open vessels in both basins.Lack of new fresh orders either coal, iron ore, bauxite, fertilizers or grain giving the charterers the upper hand to pick and choose out of open tonnage. North continent was the only exception where early prmpt ships found employment instead of ballasting.Atl paying typically from USD 2500/3000 p/d. Fronthaul from ECSA to Feast paying in the low 6 + 180.000 bb now.In the pacific we see falling activity and rates arnd 3000 USD.Period activity very limited with index heading against a new all time low. 4/8 months concluded at tic over 5000 daily. 1 year deals would probably pay arnd USD 5500 if concluded at all”, Fearnleys noted.
In the Handy segment, the shipbroker said that “Supramaxes seem to have found a bottom. This is the case in both basins and although there is no effective period market, vessels are demanding slightly better numbers and getting same. The question is will it last and with the holiday season approaching we may see rates start to come off again as owners seek cover. Forward numbers are still under pressure, and although there is still some contango, there is not much freight optimism though next year”, it concluded.
Meanwhile, in the crude segment, Fearnleys said that “the VLCC market saw a steady strong demand as the charterers continue to pour cargoes into the market. Consequently the supply side rapidly became slimmer and rates firmed up. During the last two days higher levels have been recorded for nearly every new fixture reported. With some 90 fixtures concluded for December there are more to be done and owners will make the most out of the present strong momentum. The firm Meg market have reflected on Wafr, hence rates have also increased for the Wafr/East trade. The Nsea and Caribs have remained stable – in Caribs mainly due to problems with stem confirmation ex Venezuela.
The Suezmax rates have balanced at the W85 mark for WAFR/UKCM voyages during the past week. Although with a steady flow of cargoes, rates have dropped 2,5-5 ws-points due to little or no activity in other areas. In the Caribs, there are still problems in regards to stem-confirmation and it results in fewer cargoes. The activity in Bsea and Nsea has also stalled, leaving quite a few ships on the water ballasting towards Wafr. However, the 3rd decade ex Wafr is far from done, and with a climbing VLCC market, we might see the rates bounce back. The Nsea and Baltic continued in a sideways trend last week with rates not really going anywhere. Going forward into 2nd decade of December expectations are hoovering for sentiment to firm up a bit as more charterers will seek to employ ice-tonnage in the Baltic. In the Med/Bsea the market has been stable around w115/w117,5 the last week. Tonnage list have been looking rather balanced, and cargo activity stable. Now on the other hand, we have seen several charterers with fuel-cargoes going east, in addition to a busy Bsea program. This increasing activity as we are closing in on Xmas could push rates above w120”, the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 05 January 16
THE SHIPPING MARKET IN 2015 AND LOOKING FORWARD - BIMCO
Global economy: menacing clouds in the sky cast a shadow on global economic developments 2015 never really took off, even though the global economi ...
Tuesday, 05 January 16
4200 GAR COAL INDEX FALL TOWARD $27;SLIPPED 28.05% YEAR-TO-DATE
COALspot.com: Average 5000 GAR coal index has not moved in the past week, averaging $40.12 per ton on last Thursday, according to CS (i) Coal Index ...
Monday, 04 January 16
CFR SOUTH CHINA COAL SWAP REMAIN FLAT OVER CHRISTMAS & NEW YEAR HOLIDAYS
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery rose US$ 0.68 (1.64%) per ton month over month.
A commodity swap is ...
Friday, 01 January 16
FOB INDONESIA COAL SWAP FOR Q1'16 DELIVERY CLOSED AT $36.75 PER TON
COALspot.com: Indonesian coal swap delivery Q1 2016 declined month on month but flat week over week.
According to AsiaClear OTC coal swap' ...
Thursday, 31 December 15
COAL PRICES FELL ON WEAK DEMAND
COALspot.com: Q1’ 2016 API4 FOB Richards Bay Coal swap decline month over month and slightly up week over week.
The Q1’ 2016 ...
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Showing 2626 to 2630 news of total 6871 |
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- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- VISA Power Limited - India
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- PTC India Limited - India
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
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