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Monday, 25 October 10
DRY BULK MARKET STILL HEAVILY DEPENDENT ON CHINA, POSTS SMALL WEEKLY LOSS OF 1.27% - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 With every twitch and turn from China’s metals industry, the dry bulk market is disproportionally affected, as evidenced by the course of the freight rate this week. According to the industry’s benchmark, the Baltic Dry Index (BDI), the week ended with a small loss of 1.27% at 2727 points, with Friday being the only positive session after five straight losing ones. According to shipbrokers, this week could be a better one, with cold weather in China seen as the major contributing factor to a potential increase of coal demand. Meanwhile, the capesize segment of the market managed to stay ahead of the pack, with Chinese iron ore demand retaining freight rates to very firm levels (weekly gain of 0.64%), while average earnings are now at a healthy $45,657 per day.
According to Arctic Securities, a a drawdown of iron ore inventories in China and high domestic prices were likely to lead to high iron ore imports the fourth quarter. In its weekly report, N.Cotzias Shipping Group mentioned that although this week’s changes were minimal, high volatility is the key of all markets and the constant upswings followed by quick rapid downfalls that are mostly recovered within the month, have caused a greater degree of uncertainty to the market. “Deals are performed but the overall question of most shipping investors is that these shorter term volatility fluctuations don’t really pose investment opportunities based on “proper timing”. How can you time your investments when secondhand prices are considered to be on the “high” side remaining fairly stable and don’t have the time to follow the ups and downs of the freight markets? In any case what can still be considered a blessing is that the dry bulk market daily earnings are well above any critical survival levels and only expensive ships acquired during the Feb 2007 - Jul 2008 period with a greater degree of leverage, can be considered as possible “sufferers” even at today’s rates” the shipbroker said.
In terms of deals, Golden Destiny reported 31 sales in the secondhand and demolition market this past week. The highest activity has been witnessed in the newbuilding market with 25 orders reported in total. In the secondhand market, 20 vessels reported to have changed hands this week equalling a total amount of money invested around of $367,250,000, with only 1 transaction reported on private terms. In terms of reported number of transactions, the S&P activity has been marked with a 35% negative w-o-w change while is standing at same levels of previous year’s weekly S&P activity in terms on number of transactions. The bulkcarrier sector attracted most interest from the investors’ side, with an investment capital of $274,400,000, around 74% share of the total invested capital in the S&P secondhand market.
“In the demolition market, 11 vessels reported to have been headed to the scrap yards of total deadweight just 443,712, with the most of activity being concentrated on India. In terms of reported number of transactions, the Demolition activity has been marked with 57% positive w-o-w change whereas the demolition activity mostly concentrated on smaller size vessels. In terms of scrap rates, the highest scrap rate has been achieved this week in the dry sector by India for two Ro-Ro / passenger vessels at $ 465/ldt.
At a similar week in 2009, just 3 tanker vessels were reported for scrap equalling a total deadweight of around 172,278 tons, two of them headed Bangladesh and one Pakistan, at a price around $320-330/ldt The Greek presence has been noticed this week in the secondhand market with 5 transactions reported, three in the bulkcarrier sector, one in the tanker sector, however the company is US listed and one in the Gas tanker sector, equalling a total amount invested around US$ 140,600,000, while in the newbuilding market just one order for four Post Panamax Containers was reported at private terms.
In the newbuilding market, 25 vessels reported to have been ordered equalling a total deadweight of 2,975,300 tons, while at similar week in 2009 15 orders have been reported, 10 in the bulkcarrier and 5 in the Tanker sector. The total invested capital in the newbuilding business estimated to be around of of US$ 1,019,800,000, while 16 transactions reported on private terms. In terms of reported number of transactions, the newbuilding business has been marked with a 47% positive w-o-w change with Bulk carriers, Tankers and Containers being in the front line. This week the Greek presence was noticed in the Container sector, with an order for 4 8,500teu vessels, contracted at private terms, however the deal is rumoured to have some subjects attached” reported Golden Destiny.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 09 December 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 103.41 PMT FOR DECEMBER DELIVERY
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Thursday, 09 December 10
DRY BULK MARKET LOOKING FOR DIRECTION THIS WEEK, AS CAPESIZE SHIPS END THEIR MISFORTUNES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk has began the week on a positive note capitalizing on the positive sentiment which finally prevailed during the last days of the previo ...
Monday, 06 December 10
NTPC MAY OPT FOR INDONESIA OVER AFRICA, OZ FOR COAL MINES
Country's largest power producer NTPC, which is scouting for coal properties abroad to fuel its power plants back home, may zero in on Indonesia fo ...
Saturday, 04 December 10
INDONESIA TO INDIA AND CHINA SEA FREIGHT UP BY ABOUT US$ 2.50 PMT - CAPT. REDDY
COALspot.com - The freight market even though remained weak, but towards end of the week the market seemed to firm up.
The BDI was almost at sam ...
Saturday, 04 December 10
OFF WEST COAST OF INDIA TONNAGE IS SEEMINGLY QUITE SPARSE - FEARNBULK
Handy
The Atlantic markets are weak and remained unusually calm after the Thanksgiving ...
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- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- VISA Power Limited - India
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Economic Council, Georgia
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
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