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Thursday, 24 May 12
DRY BULK MARKET RETREATS ON LACK OF CHINA DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market retreated yesterday on the back of lower Chinese demand for commodities such as coal and iron ore, typically hauled by dry bulk carriers. Yesterday, the industry’s benchmark, the Baltic Dry Index (BDI) was down by 2.4% to 1,100 points, with the Capesize segment losing the most, as the Capesize Index was down by 63 points or 3.93 percent to 1,539 points.Commenting on the Capesize market, shipbroker Fearnleys noted that “the number of ballasters is increasing and the Tubarao/Qingdao rates has been dropping steady throughout the week. Last done is USD 20 pmt, and it seems some owners are now prepared to face the sub 20 level for this trade. Furthermore, the ballasters from the Far East are to a larger extent competing with the Atlantic tonnage for USEC/St Lawrence cargoes. West Australia-China rates have been flat around the 7.70 mark whilst period activity is inactive but levels remaining around 12k for a year” said the shipbroker.
On the Panamax market, Fearnleys noted that “last week ended with a bullish sentiment from owners with predictions of tight supply for Atlantic tonnage. This took a turn this week with an extremely slow Monday, low activity and a growing list of available ships in the Atlantic. Owners are gradually willing to look at fronthaul as Atlantic is weakening. The indices have slowly been declining, but the general sentiment is even more bearish than the indices reflect assisted by a falling forward curve. Despite more coal cargoes out of USG and USEC for direction India/Feast and the Continent, the number of ships is outnumbering the cargoes. The Tarv´s are being fixed in region of USD 10-12k depending on duration and trade. In the Pacific we see the same tendency with rates slipping for all trades and a Pac round is now paying around USD 7.5k. The period market has somewhat vanished with little being done” it mentioned.
Meanwhile, in the Handy/Supra markets, Fearnleys stated that the “Supra market continued with the same pace as last week. Skaw/Passero deliveries fixed towards US Gulf were paid around USD 5k, while US Gulf fixtures concluded tick below USD 24k for UK/Cont direction. Fronthauls was hovering around USD 19k p/d. Pacific market has been weak and falling due to lot of prompt available ships and lack of cargoes. For Indo- India, large eco Supra now fixed at USD 7k + BB USD 80k bss APS Indonesia. Nickel ore cargoes are not seen in market anymore due to on-going Indo ban which has again taken away cargoes and putting pressure on market. Nopac also fixed under USD 9k dop Japan. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 10k and ECI-China around USD 7k. Some ECI Supras have been ballasting to pick up Indo cargoes as well. RBCT rv fixed at APS USD 11k + BB USD 350k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 10k for large Supra” it concluded.
In a separate note, Shiptrade Services, a Piraeus-based shipbroker noted on the Supramax market that “the USG market is recovering in this size range with many fresh coal and scrap requirements in the market. The lack of tonnage in W Med and W Africa led the rates upwards The rates basis aps USG / ECSA closed well above 20,000 and we also learned that tonnage was fixed for trips via W Africa to Far East at USD 20000. The short period rates closed at USD mid teens levels depending on delivery , speed/cons figures etc. On the contrary the rates in the Pacific dropped heavily like in the Panamax market. The market turned pretty quickly to an aps market whereas the week before all supramax chartereres were rating vessels in china basis delivery dop for Aussie or NOPAC rounds. The Indonesian market also softened with Nickel ore round rates closing at USD 8000 basis delivery South China whereas Coal rounds closed at usd 6,500-7,000 depending on vessel’s particular, delivery etc. The backhaul rates closed at USD 6-7000 region depending on delivery and redelivery” it noted.
On the Handysize market, Shiptrade said that “in the Atlantic, the round voyage improved with rates ex ECSA to Med/Continent at USD 18,000 levels basis aps, a USD 1,000 increase than the week before. Coastal Latin America trips that will keep the vessels in the area were being fixed at USD 13,500 while USG was paying USD 17,500 for Continent/Med direction. Intra Med cargoes were done at USD 7,250 via Black Sea to Spain Med and orders ex Black Sea to USG and ECSA remained once again at very low levels. Trips from Continent to West Africa were fixed at USD 10,500. Pacific remained stable with a slight increase in numbers with the round voyage at around USD 8/8,500. Log cargoes via Australia to China and some short trips at North China/Korea range were on better levels around USD 9,000. The iron ore and coal cargoes ex Malaysia to China were paying USD 15/16 pmt leaving owners with low T/C equivalents. Backhaul trips were done at USD 8,550 levels, mainly with bagged rice ex SEASIA to West Africa. Periods were fixed at around USD 9,000 levels which was much improved compared to last week’s numbers” the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 25 November 20
DRY BULK SHIPPING: CHINA REMAINS THE DRIVING FACTOR, BUT COAL POLICY IS DISRUPTING THE MARKET - PETER SAND, BIMCO
The second half of the year has provided some cheer for the dry bulk market, with all ships in the spot market averaging earnings above the break-e ...
Wednesday, 25 November 20
CHINA KICKS AN OWN GOAL WITH AUSTRALIAN COAL - FORBES
China’s annoyance at Australia’s hardline stance on political interference and demands for an independent inquiry into the root cause o ...
Wednesday, 25 November 20
MINISTER - INDONESIA JAN-OCT COAL OUTPUT AT 459 MILLION TONNES - REUTERS
Indonesia coal output in the January to October period was 459 million tonnes, the country’s energy minister told parliament on Monday.
& ...
Wednesday, 25 November 20
INDIA: MORE STEPS NEEDED TO MAKE COMMERCIAL COAL MINING ATTRACTIVE TO GLOBAL PLAYERS - LIVEMINT
India concluded its first commercial coal mine auctions earlier this month. A total of 19 coal mines spread across Madhya Pradesh, Jharkhand, Odish ...
Wednesday, 25 November 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.38 PCT - XINHUA
China Taiyuan coal transaction price index stood at 129.21 points Monday, up 0.38 percent week on week.
The index, released by China ...
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Showing 726 to 730 news of total 6871 |
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- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- The University of Queensland
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
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