We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 08 November 10
INDONESIAN HBA HAS INCREASED TO $ 95.51 PER TON FOR NOVEMBER LOADING
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Sunday, 07 November 10
THE SUPRAMAX INDEX IN THE FAR EAST CONTINUED TO BE UNDER PRESSURE - CAPT. REDDY
COALspot.com: The freight market continued to remain soft and all segments were down by almost about 6 pct.
The BDI and Cape Size index was down ...
Saturday, 06 November 10
DRY BULK MARKET LACKING SUPPORT TO SUSTAIN CURRENT LEVELS, BUT PANAMAX OWNERS ARE MORE FORTUNATE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Posting its fifth straight losing session, the dry bulk market benchmark, the BDI (Baltic Dry Index) was down yesterday by another 1.26% to 2510 poi ...
Friday, 05 November 10
RI COAL EXPORT PROSPECTS STILL BRIGHT - THE JAKARTA POST
The Jakarta Post reported that, Indonesia, already the world’s largest exporter of seaborne thermal coal since 2005, will continue to be a maj ...
Thursday, 04 November 10
CAPE SIZE SENTIMENT FOR THIS WEEK WAS NEGATIVE - FEARNBULK
Handy
The Atlantic markets remain flat and lackluster. High volume of tonnage availabi ...
|
|
|
Showing 5536 to 5540 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- White Energy Company Limited
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Planning Commission, India
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
|
| |
| |
|
