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Thursday, 02 December 10
DRY BULK MARKET WEIGHED DOWN BY CAPESIZE BLUES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The negative sentiment currently undergoing in the capesize market has kept the dry bulk market’s benchmark, the Baltic Dry Index (BDI) on the “minus” area. Yesterday, the BDI ended down by 0.14% to 2,096 points, marking the fifth straight loss for the index. As it turns out, the gains witnessed in all other ship segments are offset by the negative impact of the capesize market.
According to a report released yesterday from Fearnley’s, there are currently hard times for capesize owners as levels – physically as well as derivatives – have dropped drastically across the board. “Spot demand is simply not enough to absorb the massive number of new entries that come in addition to the existing fleet. Average spot earnings down close to 25% w-o-w, coming in at around usd 26k. Pacific is hard hit in particular, with rates for rounds falling by almost 35% to usd 18k. Atlantic is holding up better, as the ballasters from Far East take most of the general beating – the North Atlantic tonnage/cargo balance is healthy in comparison. A few brave operators dare to book period tonnage despite the overall trend, with usd 28500 done just before diving into the abyss on 180kdwt/2009 for 12 months delivery China 5/15 Dec, also 172kdwt/2001 done for 3-5 months at usd 25k delivery retro China 14 Nov.
Uncertainty as to whether market about to find a floor or if this is turning into a complete collapse” warned Fearnley’s into what could become a very negative end to yet another turbulent year for the dry bulk shipping sector.Still, despite the Capes losses of 1.41% yesterday (on top of a near 6% loss the day before), all other smaller ship types appear on the upside, with Supramaxes proving to be the most resilient, as a result of increased coal trade. As for the Panamax market, it is now being fueled by some fresh orders and a lack of prompt tonnage, with the Atlantic market maintaining a positive trend this week.
Fearnley’s said that “TA rounds going in the low 20´s and Continent positions even able to reach mid 20´s. Fronthaul fixed at healthy 29k via Cape of G Hope. In the eastern hemisphere there is oversupply of tonnage and despite a fair amount of fresh coal requirements the market is sliding in the mid teen area. Short period market not very active, typically 4-6 months fixed at 18500. The sentiment has lost some optimism by the recent downturn in the Cape market and a slow decline on FFA´s – despite some signs of a recovery mid week. A relevant question is whether we are already facing a slow down for the coming X-Mas season” mentioned the shipbroker.
In earlier reports, this time from N.Cotzias Shipping Group, it appeared that the Handysize/Handymax era of troubles could very well be over. The Piraeus-based shipbroker said that what is worth mentioning is the stop of the very long constant falling run of the Handies that had recorded more than 34 days of negative Baltic Exchange sessions. During the course of the previous week, the first gains were recorded, while things have also kept improving during this week as well. Cotzias said that the Handies had experienced a two month fall, that reduced the relative Baltic Exchange’s index by more than 300 points and in percentage terms more than 30%.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 22 December 10
PEABODY ENERGY TO SOURCE INDONESIAN COAL FROM PT SUPRA BARA ENERGI (SBE) - COAL GEOLOGY
Coal Geology reported that, Peabody Energy has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the e ...
Wednesday, 22 December 10
INDONESIAN COAL LOAD PORT WEATHER CONDITION AND DELAYS
COALspot.com - The several leading shipping agents in Indonesia, said due to rainy season in Indonesia, loading activities in coal loading ports hav ...
Wednesday, 22 December 10
COAL INDIA CLOSE TO BUYING 15% STAKE IN AUSTRALIAN MINE - ECONOMIC TIMES
Economic Times reported that, Coal India (CIL) is close to buying a stake between 10% to 15% in an Australian mine owned by Peabody, a US company.
...
Wednesday, 22 December 10
CAPESIZE FUTURES MARKET RATES ARE EXPECTED TO CONTINUE THEIR DRIFT DOWN IN 2011 - BRS
Nearly two months of weekly declines in the Baltic Capesize Index were finally halted last week with a small 1% increase Friday-to-Friday. The impro ...
Wednesday, 22 December 10
DRY BULK MARKET LOOKING FOR DIRECTION AMID HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market isn’t exhibiting a “festive” behavior, thus cheering ship owners and investors alike. Instead, the industry&rs ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- CNBM International Corporation - China
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- VISA Power Limited - India
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
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