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Thursday, 26 April 12
DRY BULK CARRIERS RENTER FLEET AFTER IDLING, ON MARKETS RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market seems to be back on track, not only solidifying the gains of the past couple of weeks, but also racing to new heights, recuperrating the losses experienced since the start of the year, which saw the Baltic Dry Index (BDI), a benchmark used to track rates and market sentiment, retreat to near record lows. Yesterday, the BDI was once again up by 1.88% to 1,137 points, in essence erasing this year’s losses, fuelled by the surge in demand for Panamax vessels, as well as for Supramaxes. The Panamax Index was increased by 3.93% to reach 1,692 points, while the Supramax one was also up by 1.87% yesterday, to end the session to 1,087 points. By contrast, the larger in size Capesize-type vessel, was on the weak side for once more, losing an additional 0.46% on the day to reach 1,514 points.
In its latest weekly report, shipbroker Fearnleys noted that “the Panamax market took a good jump this week with rates firming up in both hemispheres. Rumours has it that India increasing coal imports with about 15 million mt and China increasing coal imports due to the biggest price gap in 20 years between domestic and foreign coal. There are increased coal shipments in both hemispheres and the grain season is still fairly active out of ECSA. Typical Tarvs with Continent delivery are now being fixed at around 17/18k. Fronthauls with same delivery are fetching low 20´s while the Pacific rounds are being fixed at low/mid teens. The period market is still somewhat active with takers there for short period around 12k and 1-year at around USD 11k” said Fearnleys.
In a separate note, Shiptrade Services said that “The week started with a positive sentiment in Atlantic with more cargoes firming up especially grains ex ECSA to Far East where rates were raised by around USD 3,000 compared to last week ending up at USD 21,000. Also the transatlantic was increased significantly closing the week at USD 13,500 making owners reluctant to leave the Atlantic basin. On the Pacific, market showed some more positive sentiment with trips ex NOPAC fixed at USD 10,000 while the round was at USD 11,250. The positive of the market in Atlantic led owners to pursue backhaul trips with levels of USD 12,000. Periods were done at above USD 11,000 and in some cases even more”.
Moving on to the Handy/Supra market, Fearnleys noted that “with more cargoes entering the market the numbers of idle ships was quickly reduced and rates peaked rapidly. Skaw-Passero deliveries concluded close to USD 5k for US Gulf direction, while US Gulf positions fixed around USD 19k for trips to Cont. Fronthauls were paid USD 16.5k-17k daily. The Pacific market remained steady with nickel ore and coal enquiries. Indo rounds now fixed at USD 18k basis Singapore delivery. Nickel ore rounds are also getting premium and have seen vessels fixed at USD 12k basis dely North China. WCI & ECI iron ore to China was quiet, however rates from WCI was around USD 12k and from ECI USD 8k. RBCT-India on voyage is around low 20s. Red Sea fertilisers to India fixed in high teens. Short period activity was limited and nothing much seen but ideas were around 12k” said the shipbroker.
Furthermore, commenting on the Capesize market, it mentioned that “the week has been very predictable. Out of West coast Australia, a couple of new cargoes every day fixed at last done levels around USD 7.70. Last done however is USD 7.60 - and one done at USD 8.00 pmt, but for early dates. Saldanha to China has been hovering around USD 14.50 and Tubarao/Qingdao still around the USD 21 mark. It has been done one fixture for 1-year this week at USD 12,000. Time being this is the rate owners are asking for short period, not in line with present FFA values, and consequently lack of period fixtures” concluded Fearnleys.
In its note Shiptrade stated that “In the Atlantic basin, the oversupply of tonnage in the area did not affect dramatically the rates with the fronthaul closing at USD 25,000 levels, been slightly decreased by USD 500. The transatlantic round trip closed last week at USD 3,750 levels, a down fall of USD 325. Same pattern applied at Tubarao/Qingdao route which was fixed at USD 21.25 for early May. In the Pacific market, Australia iron ore trade kept covering some, but not enough, of the large volume of tonnage resulting in slightly decreased rates fixed at USD 7,90 pmt than USD 8,00 last week. The Far East round trips decreased at USD 6,000 a USD 750 reduction from last week. Period activity remained at same levels than last week at USD 13,000 for one year” it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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Showing 26 to 30 news of total 6871 |
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- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Planning Commission, India
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Central Electricity Authority - India
- White Energy Company Limited
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- The University of Queensland
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
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