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Tuesday, 27 April 10
CAPESIZES UP, PANAMAXES DOWN - BRS
 It was Capesizes up, Panamaxes down this week as the latter experienced a correction after its recent gains. Period rates for Panamaxes remain firm however, so a big slide was not expected in the short term. In the coal market, South Africa’s Richards Bay terminal confirmed a sharp rise in Asian exports, which rose to 42% of total shipments in the first quarter of this year, up from 25% a year earlier – due mainly to Chinese and Indian demand. In Europe, Thyssenkrupp became the first European buyer to confirm it had agreed an iron ore price on a quarterly basis. In line with the Japanese contracts, it also reported a 100% price increase, back-dated to April 1. Meanwhile China confirmed steelmaker Pangang Group would be combined with Angang Steel and Benxi Iron and Steel. The merger will create the country’s largest steel group.
Supra/Handy
The Handy/Supramax markets stayed firm and stable in the Atlantic throughout the week, while in the Pacific basin the market was also healthy but with less activity and a softening tendency. Supramaxes from West Africa were fetching close to US$ 30,000 per day for trips via ECSA to Continent and closer to low US$ 40,000s for trips out to the East. The USG and ECUS also remained very firm with trips USG to the Med paying in the high US$ 40,000s, and above US$50,000 for trips out. Scrap cargoes from the Continent to the Med are paying Supramax units in the low US$ 30,000s TC equivalent.
The transatlantic round on Supramax was negociated in the low US$ 30,000s level towards the end of the week. Looking at the Pacific market now, India softened during the week with WC stems to China paying in the very low US$ 30,000s TC equivalent on large units and about the same levels from EC India. Supras for Richards Bay rounds back to India were paying in the mid/high US$ 20,000s and it is becoming difficult to persuade owners to finish trips in WC India with Monsoon kicking in.
Nopac and Aussie rounds saw larger units fixed in the low-mid US$ 20,000s, while Indonesia/India and Indo/China rounds were fixed closer to mid US$ 20,000s level depending on delivery point. There were few short period candidates in the Far East but large Supras are seeing close to mid US$ 20,000s levels.
Panamax
A continued slump in the market saw rates slip further on the week. The BPI fell 7% to finish the week at 3,757 points, while the four time charter average closed at US$ 30,239. The Atlantic lacked any fresh enquiry and although there was a clear-out of early tonnage, rates remain under pressure for now, although charterers with stems ex north Continent found tonnage a lot more positional. In the Pacific, the South American grain market continued to serve tonnage out east but again here rates had slipped to around US$ 28,000. The Australia and north Pacific round voyages too came off with less fresh enquiry and deals were being fixed at close to the US$ 30,000 mark. The longer term period market saw a 12 month deal concluded with delivery in the east for prompt dates at a steady US$ 28,000 level.
Capesize
An 8% leap in the four time charter average this week, with rates finishing the week at US$ 28,441. The rise was mainly achieved on the back of strong Atlantic rates where activity picked up noticeably. There was again little period business although a 177,000 dwt vessel ex yard in May was reported fixed at 2 years for US$ 31,500. The market will continue to watch what impact the new, higher commodity prices will have on demand. The BCI inched up 39 points on Monday, with some expectations of a further increase this week.
Source: BRS Dry Bulk
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Sunday, 09 December 12
LOW DEMAND PUSHES CHARTER RATES TOWARDS DOWN - VISTAAR
COALspot.com - The freight market has softened and BDI, The Baltic Dry Index, a measure of shipping costs for dry bulk goods, plunged below 10 ...
Friday, 07 December 12
A NEW PHASE FOR AUSTRALIAN RESOURCES - A FITCH STREET INTERVIEW
This week Matt Jamieson spoke with Andrew Colquhoun in Fitch's Asian sovereign rating team, and Vicky Melbourne, Fitch's commodity analyst based i ...
Friday, 07 December 12
SHIPPING INDUSTRY LOOKING ON YET ANOTHER TOUGH YEAR AS WE APPROACH 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With shipping finance "on the ropes" as traditional lenders appear to be cutting their losses and tonnage oversupply still the most import ...
Thursday, 06 December 12
PANAMAX : THE POSITIVE VIBES IN THE ATLANTIC REMAINS - FEARNLEYS AS
Handy
The Atlantic market is still depressed with dearth of cargoes and more ships. The trips from Continent to Feast fixed around USD 12k. Trips f ...
Thursday, 06 December 12
STRONG CHINESE DEMAND FOR DRY BULK COMMODITIES EXPECTED FOR 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A new analysis from BIMCO released yesterday suggests that 2013 is expected to be a stronger year in terms of China's "hunger" for commod ...
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- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Indian Oil Corporation Limited
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
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