We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 12 July 12
LACK OF CAPESIZE DEMAND DRAGS DRY BULK MARKET LOWER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 A lack of demand for the larger Capesize dry bulk carriers had as a result the fall of the industry’s benchmark, the BDI (Baltic Dry Index), which yesterday ended down by 14 points or 1.21 percent at 1,146 points. The relative Capesize index was 3.77% lower to 1,428. As a result, average daily rates for Capesizes fell to $7,321. It’s worth noting that average Capesize rates have plunged by more than 70% since the beginning of the year. By contrast, the Panamax Index was up by 1.29% to 1,175 points. As a result, average daily earning for panamaxes were up by $112 to $9,364.
Commenting on the Capesize market in its latest weekly report, shipbroker Fearnleys said that “an active Pacific market with a good number of fixtures ex West Australia. However towards mid this week, demand was lower and fresh inquiries less spot, immediately resulting in freight rates dropping 0.5 cents. In Saldanha, there will be maintenance in August, and no new stems are expected before 24th of August. For the fronthaul, rates have been steady for the July stems fixed until now as supply of tonnage (early ballasters) was tight. As we are moving into August dates however, it is expected freight rates will soften’’ it noted.
On the Panamax market, Fearnleys noted that “it has been an uplifting, yet fairly quiet week in the Panamax segment with decent levels achieved. The firmer tendency is clear in the North Atlantic which is tight for tonnage for prompt requirements. Some owners are now asking USD 14k daily to perform TARV´s, whereas only a few weeks ago similar trips would fix around 10k daily. ECSA/Feast deals are still being done at healthy levels. Owners able to obtain around 15-16k + 500k gbb basis APS or around 10k daily basis delivery Singapore for ECSA/Feast grain biz. In the Pacific, business is also picking up and better rates are being reported above 9k for Indo and Nopac rounds. Aussie rounds have reportedly been fixed at around USD 8k daily. In the period market not many fixtures reported, but we see both charterers and owners talking around USD 9-10k daily for 3-5/4-6 months up to a year on LME´s. A Kamsarmax has fixed about 2 years at 10,700 delivery Black Sea ex yard mid-August said the report.
On the Supramax front, a recent report from Piraeus-based Shiptrade & Services mentioned that «having the US National Holiday last week, the market was steady slow. Trips from USG to Med/Continent were fixed at USD mid/high 20’s whilst fronthauls were fixed at USD 30,000. Trips from West Africa to Continent/Med were done at USD mid teens basis delivery West Africa and there were also some fixtures from Continent/Med to ECSA and USG at the area of USD 8,000. Fronthauls from Continent were seen closing at about USD 24,000.
The scene in the Pacific Basin relatively slow with most Indonesian and NOPAC rounds closing at USD 8,000 basis delivery China, and some closing at USD 9,000 basis delivery Japan. Indonesian coal trips to India were fixed at USD 8,000 whilst those from ECI to China were closed at USD 5,000 levels. As far as short period market is concerned fixtures were seen at the area of USD 10,500” it said.
Finally, on the Handy market front, Fearnleys concluded its analysis by stating that rates in the Atlantic kept more or less stable from last week, with Continent/US Gulf concluded at around USD 5000, while US Gulf/ Continent paid close to USD 27k. Ships with same delivery for Turkey got fixed at USD 28k with scrap. Fronthauls were hovering about USD 24k for Continent delivery, while rumors said vessels open US Gulf fetched USD 26k p/d. India is slow now with limited activity. Owners will see around mid USD 10k basis South China on a 52k dwt vessel for one trip to full India range. The Indian iron ore market remains quiet with less activity on WCI & ECI as monsoon arrives. India/China tct rate would be around USD 6k. Red Sea fertilizers to India are fixed high teens. Not much activity seen on short period and rates around USD 10k for large Supra it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 09 September 20
MARKET INSIGHT - INTERMODAL
The uneventful summer lull which is coming to an end soon has left its stigma on the newbuilding market, which has already been devastated by the g ...
Saturday, 05 September 20
INDIA WON'T KICK ITS COAL HABIT SO EASILY - HINDU BUSINESS LINE
India has traditionally considered itself lucky to have been endowed with abundant coal reserves, which it has sought to use to meet its energy nee ...
Saturday, 05 September 20
FINANCING COMPLETE FOR 900MW FIFTH PHASE OF MASSIVE DUBAI SOLAR PARK: ARABIAN BUSINESS
Saudi-based ACWA Power on Thursday announced it has completed the signing of all financing agreements for the fifth phase of the Mohammed bin Rashi ...
Saturday, 05 September 20
POLISH COAL DEMAND EXPECTED TO FALL BY 7 MLN TONNES NEXT YEAR: MINISTER - REUTERS
Poland’s demand for coal is expected to fall by around 7 million tonnes next year, or more than 10% of annual hard coal production, after a d ...
Saturday, 05 September 20
PAKISTAN'S NEW 27-YEAR POWER PLAN RISKS LOCKING IN LONG-TERM OVERCAPACITY, LEAVING IMPORTED COAL AND LNG PLANTS STRANDED - IEEFA
Wind and solar, the country’s cheapest source of new generation, also overlooked
Pakistan risks locking itself into building m ...
|
|
|
Showing 791 to 795 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Aditya Birla Group - India
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- The University of Queensland
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Planning Commission, India
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
|
| |
| |
|
