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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
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Sunday, 30 August 20
PANAMAX - THIS WEEK THE DEMAND HAS PICKED UP, BUT THE TONNAGE LIST IS INCREASING DAY BY DAY - FEARNLEYS
Cape Size
More or less flat from previous week, with cape rates moving from US$ 19,500 to 18,900 on average. West Australia however being more ...
Saturday, 29 August 20
COAL INDIA'S FUEL SUPPLY TO POWER SECTOR DROPS ABOUT 20% IN APR-JUL: PTI
State-owned Coal India”s fuel supply to the power sector registered a decline of 19.5 per cent to 126.30 million tonnes (MT) in the April-Jul ...
Saturday, 29 August 20
SOUTH KOREAN BROKERAGE FIRM KOREA INVESTMENT & SECURITIES TO STOP ALL COAL BUSINESS - KOREA HERALD
South Korean brokerage firm Korea Investment & Securities has decided to stop its investments in coal, in line with the Moon Jae-in administrat ...
Thursday, 27 August 20
KOREAN GENCOS INVITED BIDS FOR TOTAL 985,000 TONS OF BITUMINOUS COAL FOR NOVEMBER 2020 LOADING
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) on behalf of EWP, KOSPO, KOSEP and KOWEPO has issued an international tender for total 985,000 ...
Thursday, 27 August 20
SOUTHEAST ASIAN NATIONS SET REGION-WIDE RENEWABLE ENERGY GOAL OF 23 PERCENT BY 2025 - ASEAN POST
The Association of Southeast Asian Nations (ASEAN) has set an ambitious target of securing 23 percent of its primary energy from renewable so ...
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- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- VISA Power Limited - India
- Dalmia Cement Bharat India
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Australian Coal Association
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
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