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Sunday, 13 December 15
DRY BULK RATES KEEP ON FALLING AS LOW VESSEL DEMAND IS STILL THE NORM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market nowadays is in an endless downward spiral, which as it turns out is unable to recover, at least as long as the current balance of demand/supply is maintained. Yesterday, the industry’s benchmark, the Baltic Dry Index (BDI) was down yet again, losing 12 points or 2,2% to 534 points. The Capesize index fell 33 points, or 3.85 percent, to 824 points as average daily earnings for Capesize vessels fell $305 to $7,181. The Panamax Index, dropped four points, or 0.97 percent, to 408 points. Average daily earnings for Panamaxes fell $37 to $3,258. Finally, among smaller vessels, the Handysize index dropped one point to 285 points, and the Supramax index fell five points to 455 points.
Commenting on the Capesize market, in its latest weekly report, shipbroker Fearnley’s noted that “there is a steady supply of cargoes out of West Australia but despite of this, rates are getting softer. Present level is just above usd 4 pmt. Fixing activity out of Brazil is getting less, with more talks than real action. The level remains steady on this trade and the big question is when Vale will be done for this year. Atlantic in general is well balanced, with a time charter level for a transatlantic round close to USD 9,000 daily”.
On the Panamax market, Fearnley’s noted that “the segment is in a steady decline with reduced activity across the board. It has been an extremely quiet week for the Panamaxes in both hemispheres and rates keep on dropping to all time low levels. Transatlantaic business is scarce with most rounds bss APS only in the 6000-7000 range with no BB. Voyage levels are under pressure, and USG fronthaul under 22 for spot and < 19 forward. ECSA business not a safe heaven for ballasters, with APS levels in the 6 + 150 GBB range. Far East is in the dark doldrums with levels APS 3 + 30 for Indo ronds and 4 + 125 for NOPAC. The forward curve is flat and in the mid 5’s for Cal -16, and owners are willing to fix at even less for about 1 year”.
Finally, on the Handy markets, the shipbroker said that it was another lackluster week for the segment. “The average rates keep falling to the tune of abt USD 100 per week. The period market remains thin, but there are some Ultramax owners willing to cover in the USD 6000’s level for abt a year. There is some anticipation relating to the lifting of some export taxes in Argentina, but it is uncertain how big an effect this will have on the market. There have been some COA’s concluded in the last week and owners are not asking for premiums going through 2016, indicating a definite lack of confidence for the upcoming year”, Fearnley’s concluded.
It’s worth noting that among the factors contributing to the fall of dry bulk freight rates is the fact that congestion at most Chinese ports has eased further over the past week due to a general improvement of the weather. Dense fog, strong winds, heavy rain and snow made several China ports close from time to time since late November. In a report, Platts said that “Shanghai, Bayuquan, Qingdao had cleared their backlog of ships, and waiting time for a Capesize vessel to berth was one to three days compared to two to five days earlier. Delays at Jingtang fell by one day, with Capesize vessels currently waiting five days. The port closed Wednesday afternoon at 1400 hours China time (0600 GMT) due to dense fog. But Caofeidian and Tianjin ports were still seeing Capesize vessels waiting ten days for a berth, with both ports closed intermittently over the past week due to dense fog. For Caofeidian, this represented an increase of five days from a week ago. Tonnage supply has risen over the past week, sources said, with owners eagerly offering their vessels in the Pacific region”, it 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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Showing 2636 to 2640 news of total 6871 |
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- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Posco Energy - South Korea
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
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