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Thursday, 20 September 12
DRY BULK INCHES FORWARD AFTER WEEKS OF BELOW PAR PERFORMANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has started to revive from its ashed, as the past couple of days, traders have reported an increased activity from China, resulting in higher earnings for larger Capesize vessels. As a result, yesterday, the BDI (Baltic Dry Index) was up by 3.59 percent, reaching 722 points. The Baltic’s Capesize Index (BCI) was the biggest gainer, as it was up by an impressive 7.16 percent to 1,421 points. As a result of this, average daily earnings for Capesize vessels, typically used to transport coal and iron ore to China, reached $5,896, increased by $890 on the day. Traders and charterers indicated that China is on the process of iron ore restocking, as a result of higher steel prices.
According to Fearnley’s latest weekly report, commenting on the Capesize market, the shipbroker mentioned that “finally activity and rates picked up pretty good, as rates for west Australia to China improved from USD 7 to 7.35 and then to 8 in three days. The latter was for early dates, but still sending positive signals. For front haul, the index is presently at USD 19.50 - with owners rating around the 20 mark. And short period, which last week was fixed at USD 8000/low USD 8000, is presently USD 9000 (last done)” the report said.
By contrast, on the Panamax market, the Baltic’s Panamax Index was once again down by 1.27 percent to a mere 428 points, with oversupply of vessels being the key reason here, plaguing the market. As a result, average daily rates for the 60,000-70,000 vessels are now just $3,723 according to the Baltic Exchange.
Fearnley’s said on the Panamax market that it was “another week with softening rates in the Atlantic. Owners looking to cover their positions for an RV are now facing levels below USD 2k. These levels are well below Opex and some owners are reluctant to even do this and dropping anchor hoping to catch a big tuna instead. Front hauls are being fixed around 11-12k. In the Pacific, however, some positive remarks where rounds now are being fixed at ard USD 5k. China officials have announced approvals for a USD 100 billion stimulus package involving 25 new subway lines and thousands of kilometres with new high ways. This could lead to improved shipments of iron ore and coal for the future and might be what we are waiting for” the shipbroker noted.
On the Handy markets (Supramax and Handymax/Handysize vessels), Fearnley’s stated that “not a bad week for Supramax tonnage, if we compare Supramax developments to the bigger size tonnage. The rates have basically remained unchanged this week and only the front haul voyages from Baltic/BlSea were valued bit less by the comparison to last week numbers. Scrap cargoes from Baltic and Cont to East Med paid decent money at around USD 14/15k/day. USG to FE stems were paying in the region of 18,500/day. Average of TC routes finished at USD 8840, what a remarkable number compared to Panamax average. Pacific market became firm since last week with more cargoes and tight tonnage for spot cargoes. Indo-India rounds were around USD 12k bss Singapore dely. Nopac rounds were fixed at USD 8k dely dop Japan. Indian iron ore activity was quiet. WCI-India rounds were done at USD 7k and ECI-India was fixed at USD 5k. RBCT rounds were done at USD 8k + BB 250k bss APS. Red Sea fertilisers were fixed in high teens. Short period rates for large eco Supra were around USD 9k” the report said.
On a similar note on the Supramax size, Piraeus-based shipbroker Shiptrade & Services had noted that “Supramax market remained rather steady in low levels as the BSI index closed at 834 increased by 2 points than last week. Transatlantic rounds were seen closing at USD 4000 levels whilst there were some fixtures ex USG basis delivery Continent at USD 12000 levels. Most fronthaul trips were fixed at USD 15000 levels. In the pacific basin, market was surprisingly improved a little due to lack of spot positions. Thus we saw some fixtures for Indonesian rounds basis delivery Singapore at USD 10000 levels. NOPAC rounds were seen closing at USD 8000 levels basis DOP Japan. India as far as iron ore market is concerned, remained quite with fixtures ex India to China were closed at USD 7000 and USD 5000 for WCI and ECI respectfully. Red Sea fixtures with fertilisers to India were closed at USD high teens. Short period also remained quite with some fixtures at USD 8000”.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- White Energy Company Limited
- London Commodity Brokers - England
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- MS Steel International - UAE
- PTC India Limited - India
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Australian Coal Association
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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