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Thursday, 05 May 16
DRY BULK MARKET ON REVERSE MODE, AS HOLIDAYS AROUND THE WORLD HURT DEMAND - HELLENIC SHIPPING NEWS
 The dry bulk market’s recent rally has been put on a temporary hold, as various holidays around the world have put a stop in it. In its latest weekly report, shipbroker Fearnleys said that as a result of various holidays around the world, “the last week’s positive trend in the Cape market came to an end. West Australia rates are again sub USD 4 and time charter rates are approaching USD 5000 levels. Activity in the Atlantic is cooling off as well, and period activity is consequently scarce”.
In the Panamax market, Fearnleys said that ‘with bank holidays beginning week, Golden Week in Japan and upcoming holidays in Europe the mrkt has been very quiet this week. Rates continue to slide and the pressure for North Atlantic is no longer there. The recent week’s main driver; grains ex ECSA is coming off. We see fewer stems for May and what is left is being swallowed by the ballasters, most recently at USD 7k+190kGBB. We do not see any immediate signs for recovery either and believe this sliding tendency will continue short term. In the Eastern hemisphere we see the same tendency with rates coming off. Aussie rv being fixed in the high 4k for index type while the bigger kmax can fetch mid 5k. Short periods are being fixed at 5,750 while 1 year at 5k”, it noted.
Finally, “the Supra market in the East, as here in the Atlantic, is affected by the upcoming long weekend. Charterers in general have been trying to use the lack of action to draw the numbers down, but largely without success. The most lively market has still been the Continent which has continued to draw tonnage out of the Mediterranean. Also the Handy’s continue to see good numbers with East Med delivery for loading off the Continent back to the East Med at very healthy numbers considering this is a full round trip. On the period front, an Ultra has concluded short period off West Africa, with WW redelivery at upper USD 9000’s which can be considered healthy”, said Fearnleys.
NEWBUILDING ACTIVITY
Meanwhile, there was very little shipyard activity this week as well. According to Fearnleys, “two VLGCs ordered by Japanese compatriot Nissen Kaiun for construction at MHI. Although no price reported a VLGC is today estimated at low-mid 70s”.
Meanwhile, as Fearnleys noted “the spot activity in the VLGC market has slowed down quite a bit over the last few days, Golden Week in Japan as well as UK and Singaporean holidays on Monday are partly to blame for the sluggish freight market. The main reason, however, are the continued meagre spreads between FOB and CFR prices that at the time of writing only allow for spot rates well below recent (low) market fixtures.
We have counted less than a handful sub-fixtures in the VLGC market since our latest weekly, and the rates have been rather stable returning some USD 20/21,000 per day on modern vessels. The Baltic VLGC index has been quite uninspiring lately, just when the market thought the index was on its way up to more sustainable numbers, the curve turned down and the latest posting is similar to the index level 2 weeks ago. The spot fleet balance does not look bad ahead, but it is not likely that the owners will get the upper hand over the next few weeks unless FOB prices drop and/or CFR prices go up. At the moment owners are willing to repeat the numbers they have been quoting lately, but unfortunately the charterers can only consider discounts to those numbers for the time being.
The panellists for the Baltic Forward Assessment carry on painting a very bleak freight picture over the summer, the VLGC owners probably characterize the forecast as an insult and an annoyance”, said Fearnleys.
Finally, in the demolition market, shipbroker Athenian Shipbrokers said that “with the monsoon season fast approaching and governmental budgets looming, both Bangladeshi and Pakistani buyers entered the market with renewed appetite to buy, concentrating on promptly available units. Prices on offer consequently rose on both markets with several deals being reported. Indian buyers at the shorefront appeared sceptical following a drop in local steel prices; nonetheless several deals were also reported as concluded at levels that were not in line with the sentiment at shore. In the Far East, prices continued to improve, however the gap between what Chinese breakers can offer and the sub-continent remained significant”.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 02 May 16
INDIA'S GANGAVARAM PORT SETS ALL INDIA RECORD FOR NON-COKING COAL DISCHARGE
COALspot.com: Gangavaram Port, the deepest and the most modern port in India, has created yet another historical milestone record by discharging 15 ...
Monday, 02 May 16
CS (I) 5000 GAR COAL INDEX CLOSES 0.11% HIGHER, 5700 GAR COAL RISES 0.07% W/W
COALspot.com: Average 5000 GAR coal index of Indonesian origin up 0.28 percent week over week to averaging $38.78 per ton on this past Friday, acco ...
Monday, 02 May 16
FREIGHT RATES ARE EXPECTED TO BE FLAT TO SOFT THIS WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Saturday, 30 April 16
40 YEARS OF HANDLING COAL AT THE BTW IN WILHELMSHAVEN UNDER THE RHENUS FLAG
Press Release: The first bulk carrier with coal on board docked at the Bulk Terminal Wilhelmshaven (BTW), which is operated by Rhenus Midgar ...
Friday, 29 April 16
U.S. COAL IMPORTS IN Q4' 15 DECLINED TO 2.7 MMST FROM 3 MMST IN Q3' 15
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 10.3 million short tons (mm ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Australian Coal Association
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- The University of Queensland
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Planning Commission, India
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
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