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Wednesday, 11 August 10
CAPESIZE MARKET ON RECOVERY MODE
 The dry bulk market, usually dormant in August, has returned on a high note this week, after last week’s gains. Monday proved to be rather buoyant with the industry’s main benchmark, the Baltic Dry Index (BDI) rising by a more than impressive 4.14 percent, or 84 points, to 2,114 points, mainly as a result of renewed capesize cargo demand. The relative Baltic Capesize Index (BCI) jumped by 13.26 percent, with average daily earnings now standing at $21,298 a day, up from this year’s lows of under $10,000 a day, noted a few weeks ago. As a result, the capesize segment has once again returned to normal, standing above the panamax market. According to Jeffrey Landsberg, senior analyst with Commodore Research & Consultancy, spot Indian iron ore with a 63.5% iron content is now selling for approximately $135/ton FOB, an increase of $9 (7%) from just a few days ago. The rapid increase in price reflects the impact of the Kamataka iron ore ban, as well as moderate demand from China. In addition, four fixtures were reported Monday to load cargo from the US Gulf, a large amount for a single day of chartering activity. Two of the fixtures were specifically designated to export wheat to Europe. Going forward, European wheat importers are likely to purchase more wheat from the United States in order to compensate for the Russian wheat export ban which will begin on August 15”, Landsberg said.
In a separate analysis, the latest weekly report from Barry Rogliano Salles (BRS), said that capesize rates posted another double digit increase this wek. “West Australia to China rose above US$7.50, while Brazil-China was being done at index levels. In the paper market, 4Q 2010 put on around US$800 Friday to Friday to reach US$29,000/day. Overall owners were more upbeat at the end of the week and a 290 point jump in the BCI on Monday confirmed the new more positive outlook. With the time charter average finishing the week at US$18,400, Cape earnings are finally back above the Supramaxes, though not yet above the Panamaxes” the broker said.
Meanwhile, Commodore’s report mentioned that dry bulk cargo demand increased moderately last week, with ore fixtures witnessing a significant increase. A larger amount of capesize vessels were chartered to haul iron ore from Australia and Brazil partially due to the ongoing export ban in Kamataka India. 23 iron ore fixtures were reported, an increase from only 13 iron ore fixtures reported during the previous week. 17 of last week’s iron ore fixtures were for capesize vessels, an increase from 10 capesize ore fixtures reported during the previous week. The overall amount of iron ore fixtures increased dramatically, however, and with spot ore prices continuing to rise and Chinese iron ore port stockpiles down from a week ago, Chinese iron ore demand appears firm. Stockpiles of iron ore at Chinese ports are still at near record levels, though, and Chinese steel prices have not increased by a large enough amount yet to warrant great optimism.
Asian thermal coal demand remains strong but has cooled from more robust levels of demand seen earlier this summer. Grain demand remains firm but fixtures loading grain from South America have declined noticeably from a week ago. Russian wheat exports will likely be banned in the upcoming weeks. American wheat exports from the US Gulf already appear to be on the rise. Market sentiment remains relatively firm evident by the moderate amount of period deals continuing to be conducted in the market. Most of the period deals have been completed for periods between three to six months” Commodore said.
Commenting, on the state of the iron ore market after Kamataka’s ban, it said that Chinese iron ore buyers have already started to purchase a larger amount of Brazilian and Australian iron ore which is lending support to capesize freight rates. Indian iron ore is normally exported with panamax and supramax vessels (due to draft limitations that restrict capesize vessels from loading at many Indian ports). A prolonged export ban will likely reduce the amount of panamax and supramax vessels that are chartered to haul ore from India, and will likely lead to an increase in Capes chartered to haul ore from Australia and Brazil. If more ore is exported from Brazil, which is likely if the ban remains intact, capesize freight rates would receive additional support due to the longhaul nature of Brazil-China seaborne trade.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 02 October 13
HOW LONG WILL THIS LATEST CAPESIZE RALLY LAST? - TASOS PAPADOPOULOS
By Tasos Papadopoulos, SnP Broker, Intermodal
The surge in iron ore trade has translated into a massive boost in daily earnings for capes; with t ...
Tuesday, 01 October 13
DRY BULK MARKET POISED FOR RETREAT ON CHINA HOLIDAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The start of a national weeklong in China as of Tuesday is expected to put a lid in the latest rally of the dry bulk freight market, as has always b ...
Monday, 30 September 13
NEWCASTLE'S COAL EXPORT VOLUME CONTINUES TO SLIP
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port fell 8.38 per cent week on week to 2.67 million mt fo ...
Monday, 30 September 13
PANAMAX CHARTER RATES TOUCHING US$ 18K FOR A TRIP TO NOPAC - CAPT. REDDY
COALspot.com : The freight market continued to remain firm, BDI and the Panamax index up week ended 27 September 2013.
The cape index was fell to ...
Sunday, 29 September 13
API 8 CFR SOUTH CHINA COAL Q3 2014 DELIVERY SWAP GAINED $1.19 M-O-M
COALspot.com : SGX has launched API 8 CFR South China Coal Swap on 29 April 2013 and SGX replaced the previous swap.
API 8 CFR South China Coal s ...
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- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
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- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
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- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
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- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
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- Chamber of Mines of South Africa
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
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- International Coal Ventures Pvt Ltd - India
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- India Bulls Power Limited - India
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- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
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- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- White Energy Company Limited
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
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- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
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