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Friday, 11 February 11
DRY BULK MARKET HEATING UP ON FRESH CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market is on a high this week, with owners of smaller vessels turning their attention towards the spot market, in order to take advantage of the improved conditions.
As China slowly is expected to renter the market, with fresh cargo demands, freight rates are expected to rebound even more than today’s levels. Yesterday was one the most positive days in recent weeks for the industry’s benchmark, the Baltic Dry Index (BDI), which rebounded by 4.03% to reach 1,136 points. The Capesize segment was the star of the day, leading gains with a rise of 5.77%, closely followed by the Panamax market, which has been on a high for several days now. Still, smaller Panamaxes can fetch higher earnings than their Capesize bigger “brothers” in a clear indication that the anomalies of the market aren’t yet over.
In its latest report, shipbroker Fearnley’s stated (for the capesize sector) that “for first time in many years, the market has remained inactive during Chinese New Year. As we were approaching the end of the Chinese holidays, there were growing expectations about more activity, seen in the ffa market; Panamax and Capes substantially up. However, with the Chinese back in office, it became clear that they were adding more ships rather than cargoes into the equation. Nevertheless, despite an unknown number of ballasters and ships at anchor around, rates were improving slightly the first day in the year of the rabbit, west Australia round up to usd 6.50 pmt, and Tub/Qingdao excess usd 17 pmt. However, due to the mentioned number of vsls in ballast, there are still some challenges ahead” said the shipbroker.
Regarding the booming of late Panamax market it said: “It was a quiet start to the week on Monday, but this took a turn on Tuesday with more activity in the Panamax market. This turn was much lead by anticipations for Wednesday when the Chinese were back. We saw more cgo in the market on Tuesday but not to the extent that it should give support to a sky rocketing market for the next couple of days. The short/medium period market did however firm up and 17k was done for both 4/6 mos (kmax) and 8/9 mos (LME). This found support in the FFA market where the big grain houses drove the trade upwards lead on anticipations. This again took a turn on Wednesday when the paper market took a beating in the morning, causing several deals to fail. The Tarv´s are getting fixed in the region of usd 13-14k while candidates willing trip from Cont to FEast at low 20´s. Pac rounds firmed up from last week and are now paying around 10k while the backhauls are getting around 4k” said the report.
As for the smaller handy segment “Atlantic is still weak with little fresh enquiry and an accumulation of spot tonnage. Owners are reluctant to send tonnage thru Suez due to uncertainties caused by the Egyptian crisis. USG has been absorbing tonnage (mostly petcoke/ grain) on an APS basis and low 20´s levels for trips to Med/Cont. A 55kdwt was rumoured fixed for 2/4 months at usd 18k dely NCSA redel Atl. ECSA Supras are being fixed in the low teens APS with BB for trips in Atl. The general sentiment is that the market has bottomed out and a small recovery is expected. Outlook: Gradually recovering market. Activity remained quiet this week but expected to increase a bit as Chinese are coming back from holidays. Supra rates improved a little over usd 6k bss N.China dely for Indo-India and Thailand rounds. From WCI, owns asking around usd 17k and ECI to east usd 13k. RBCT rounds around usd 15k bss WCI. Short period Supra rates still around usd 14k. Hmax cargoes from R.Sea to India are fixed around mid 20s on voyage” concluded Fearnley’s.
Meanwhile, dry cargo ship owners with smaller vessels are taking advantage of current spot market conditions, especially when it comes to sugar and grain trades, traditionally handled by supramax and handysize ships. With demand for grains soaring globally has benefited smaller vessel owners, which in turn have responded by switching part of their fleet towards the spot market, in a bid to secure more earnings. This has been the case with Eagle Bulk Shipping, which has placed half of its supramax vessels to the spot market.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 07 January 11
DRY BULK MARKET ON A FREEFALL, AS THE NEW YEAR EARLY DAYS DONT BRING MANY CHEERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is facing its worst slump in more than two years, falling by 4.75% yesterday to reach 1,544 points, on top of an additional 4.2% ...
Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra ...
Thursday, 06 January 11
BANPU EXPECTS ROSY 2011 AS COAL PRICES SKYROCKET - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, expects minimal impact from the production stoppage at its Daning mine in China ...
Thursday, 06 January 11
COKING COAL CONTRACT PRICE MAY RISE 33% ON AUSTRALIAN FLOODS - BLOOMBERG
Bloomberg reported that, Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years ...
Wednesday, 05 January 11
HIGHER COAL PRICES LIFT UP COAL STOCKS
Thermal coal price this month has gone up 5.63% to US$127.70 per ton today from mid last month at US$120.89 per ton.
Thermal coal price for next ...
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- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Economic Council, Georgia
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Australian Coal Association
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Anglo American - United Kingdom
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
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