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Thursday, 05 July 12
DRY BULK MARKET MOVES FURTHER UP THE HILL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has kept its growth momentum by the middle of the week, as the BDI (Baltic Dry Index) rose by an additional 40 points to 1,103 points yesterday, as a result of stronger demand for Capesizes, ships of up to 180,000-200,000 tons used to haul cargoes like iron ore and coal. The respective BCI (Baltic Capesize Index) was up by 79 points to 1,369, while almost all ship types were higher on Wednesday. It was just the Handysize market which was practically unchanged to 716 points.
In its latest weekly report, shipbroke Fearneys commented on the Capesize market by stating that “the Cape market has been slowly but surely coming back over the past week with C4TC pushing up by USD 2k on the spot level and USD 1k on mtd. With a slow end to the week and start to this one the Atlantic basin has finally got a more positive feel with some positional tightness and very few ballasters arriving in the next few weeks, C3 levels are again back over the USD 18 level. The Pacific has also shown upwards momentum with C5 back over the USD 7 level, a relief to owners that it is clawing back from the mid USD 6 level it has been down too in the past couple of weeks, this is due to more activity from the major miners on this route. There has been a little period activity seen as the market ticks up, around the USD 10k-11k level seems about the current level” it noted.
On the Panamax front, Fearnleys noted that “stimulated by a steady flow of fresh spot requirements, predominantly in the Atlantic, the market has firmed up to higher levels at higher volumes. In the western hemisphere a tighter tendency pushes rates closer to 10k for T/A rounds and upper teens for fronthaul as most owners hesitate to go east. The sentiment remains positive in the Pacific with rates climbing to 8k for NOPAC and 10k for ECSA rounds bss Singapore delivery. Assisted by the optimism takers are looking for efficient tonnage for period at around 8k for short period and upper 9´s for about 1-year period. The forward curve is not moving considerably as long term demand vs. supply fundamentals remains gloomy” it noted.
Finally, on the Handy front, the report mentioned that the “Supra market in the Atlantic climbed slowly during the last week, with fresh cargoes entering the market. Cont/US Gulf fixed tick above USD 5k/day, while US Gulf/Cont concluded close to USD 27k/day. Fronthauls ex Cont were paid around USD 23600, while tonnage ex Canakkale fixed around USD 24500. The Pacific market has seen increased activity and rates are getting firm on Indo and Nopac rounds. For Indo-India, large eco Supra now fixed at USD 8k basis North China dely. Some owners also asking for mid-teens for SE Asia dely. Nopac also fixed at USD 9k basis Japan. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 8k and ECI-China around USD 5k. RBCT rv fixed at APS USD 10k + BB USD 360k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 10,500 for large Supra” Fearnleys concluded.
In an update on the market, Commodore Research & Consultancy mentioned that “in June, various parts of southern China (which is where the majority of China’s hydropower is produced) received more than double the amount of rain that historically occurs every June. A large part of southern China normally receives 200 to 250 millimeters of rain every June. This past June, however, several parts of southern China received 400 to 500mm of rain.
Chinese hydropower production has been able to continue to surge as a result of the heavy rainfall. Most recently, Tropical Storm Doksuri made landfall on Saturday and helped pushed month-end rainfall totals over 400mm in many areas. *The surge in hydropower production will continue to put pressure on Chinese thermal coal demand*. Southern China has largely recovered from drought, and we believe hydropower production stands a good chance of setting a record in July or August” it noted.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 30 September 20
MARKET INSIGHT - INTERMODAL
Spot rates for Capesize bulk carriers received a significant boost last week, however, there are certain reservations in the market regarding the p ...
Tuesday, 29 September 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.73 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.91 points Monday, up 0.73 percent week on week.
The index, released by China ...
Tuesday, 29 September 20
SHIPPING MARKET - ALLIED
Here we are, just a short breath before the final quarter of the year, and many are now debating to what extent we can really expect a firm dry bul ...
Tuesday, 29 September 20
INDONESIAN COAL COMPANIES' EARNINGS TO WEAKEN IN 2H20 - FITCH RATINGS
Rated Indonesian coal miners and contractors will have weaker operating and financial performances in the second half of 2020 than in the first, sa ...
Tuesday, 29 September 20
RUSSIA'S COAL PRODUCTION TO DROP BY 10.5% IN 2020, SAYS MINISTRY - TASS
Russia’s Economic Development Ministry projects a 10.5% decrease in coal production in the country in 2020 compared with last year to 395 mln ...
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- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Australian Coal Association
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Economic Council, Georgia
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
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