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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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Sunday, 06 December 15
DESPITE TEMPTING NEWBUILDING PRICES, CONTRACTING IN DRY BULK REMAINS LOW - BIMCO
The current newbuilding prices for dry bulk ships has dropped so much that they just passed the lows of 2012 heading downwards and are now at the l ...
Friday, 04 December 15
FOB INDONESIA COAL SWAPS ARE ALMOST FLAT OVER WEAK DEMAND
COALspot.com: Indonesian coal swaps for delivery Q1 2016 declined month on month and rose slightly week over week. Coal prices seen very margi ...
Friday, 04 December 15
COAL PRODUCTION IN THE U.S. FOR W/E NOVEMBER 28TH FELL SLIGHTLY FROM THE PREVIOUS WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 15.0 million shor ...
Friday, 04 December 15
MINING OUTLOOK WEAKENS FURTHER ON FALLING CHINESE DEMAND - FITCH
COALspot.com: Fitch Ratings' outlook for the global mining sector in 2016 is firmly negative, reflecting our view that Chinese demand will cont ...
Thursday, 03 December 15
DRY BULK: THERMAL COAL LOWER USAGE UNDER A POTENTIAL NEW CLIMATE DEAL WILL ADVERSELY IMPACT THE MARKET'S RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In direct contrast to the tanker market, the dry bulk one has seen demand for key commodities, such a coal, dwindling down over the course of the p ...
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- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- PTC India Limited - India
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- The University of Queensland
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
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