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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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Saturday, 26 December 15
FOB INDONESIA COAL SWAPS KEEP DROPPING
COALspot.com: Indonesian coal swap delivery Q1 2016 declined month on month and week over week.
According to AsiaClear OTC coal swap's rep ...
Friday, 25 December 15
WEEKLY US COAL PRODUCTION ESTIMATES DIP 8.5%
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 14.7 million shor ...
Thursday, 24 December 15
Q3' 16 FOB RICHARDS BAY COAL SWAP SHED US$ 0.60 PER TON OVER WEEK, AND STANDS AT US$ 43.25 PER TON
COALspot.com: Q1’ 2016 API4 FOB Richards Bay Coal swap decline month over month and slightly up week over week.
The Q1’ 2016 FOB R ...
Thursday, 24 December 15
GLOBAL MARINE FUEL REGULATIONS COULD SHOCK REFINING AND OIL MARKETS - OPEC | HELLENIC SHIPPING NEWS
IMO regulations call for global standards for sulphur content in marine fuel to be tightened to 0.5% from its present 3.5%. There is uncertainty ov ...
Thursday, 24 December 15
DRY BULKERS' VALUES ARE PLUNGING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Dry bulk carriers’ values are falling across the board, as the fall of freight rates is taking its toll, as is to be expected. In fact, accor ...
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- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
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