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Thursday, 24 February 11
DRY BULK MARKET KEEPS LOSING GROUND, CAPESIZES SUFFERING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market lost further ground yesterday, as the industry’s benchmark, the Baltic Dry Index was rapidly falling, ending the session down by 2.03% to 1,253 points. As has been the established trend so far this week, the bigger ships have been taking the biggest toll, with Capesizes losing 3.24 percent on the day to just 1,345 points (Baltic Capesize Index), with daily rates still below break-even point, while the Panamaxes have also seen thin demand, with the Baltic Panamax Index retreating yesterday by 3.86% to 1,845 points, which is still way above the capesize segment, in yet another odd signs of the current times. On the positive side, Supramax owners have been enjoying the current robust demand for their carriers, with their rates up by 1.91% on the day.
Commenting on the Capesize market, Fearnley’s latest weekly report said yesterday that although there was a little more activity last week, this has slowed down and rates have fallen slightly. This combined with increased bunker prices result in even lower returns for owners. Despite an increasing number of vessels not trading the oversupply is still the major problem, and with new cyclones hitting major loading ports in East Australia the market becomes even more frustrated. Presently owners are willing to fix out their tonnage at usd 16000 per day for 12-month period, which is a considerable premium over the spot market, but these are new record low levels for this kind of fixture.
On the Panamax front it mentioned that “the positive trend from last week gradually faded out, lead by lack of fresh USG/ECSA grain requirements in the Atlantic, a sliding forward curve followed by a falling period market in the Pacific. Despite prompt vessels under pressure still some healthy numbers achieved in the Atlantic; typically 25000 + 500BB for Fronthaul and mid teens for transatlantic rounds. The Pacific saw rates coming off significantly to lower teens for Nopac rounds and a growing spread between spot- and period rates.
Charterers and operators are holding back and reducing their activity. Takers for longer periods clearly stand off as the forward curve test very low teens and most Owners still hope for a recovery to do high teens for same. On a positive note there is growing local enthusiasm with the commencement of the Nordic World ski championships in Oslo” said the shipbroker.
Meanwhile, the container market has yet to “recover” on the news of Maersk’s huge newbuilding order for 10 firm plus 20 optional 18,000 TEU container vessels. AP Møller has been in talks with DSME regarding the 18,000 TEU design for quite some time, and now finally confirmed. According to AP Møller, these vessels will burn 35% less fuel per container compared to the more standard 13,000 TEU container vessels operating today. In another report on the newbuilding market, Clarksons said that with the holidays now firmly behind us we continue to see the yards reporting new business being concluded. “As previously discussed, container enquiries in particular look to be the leading factor in generating this momentum as dry and wet remains relatively stagnant. With the container story continuing to press forward - this is ultimately inhibiting the shipyards willing to push pricing on other sectors and attempt to bridge the bid offer spread, that continues to stifle the potential for further volume.
In the short term, we don't anticipate this dynamic to change - and yards will want to exploit the shipbuilding demand that exists outside of dry and wet - and try to extend their forward orderbook coverage and take the pressure off themselves to yield to what is a weaker demand story so far. In terms of reported business; In Dry, Hanjin Shipping have contracted a pair of 180,000dwt Capesize bulk carriers at Daehan, these are scheduled for delivery in 2012 and the reported price for these is USD58.5 Mill per vessel. In China meanwhile, it has been reported that Shanhaiguan have won an order from Greathorse Shipping Holdings for 4 option 4 x 76,000dwt panamax bulkers, with the firm vessels due to deliver in 2H 2012 and 1Q 2013. It is understood that these vessels may have been signed at the end of last year and are only fully coming to light now” said Clarksons.
Source: Nikos Roussanoglou, Hellenic Shipping
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Saturday, 25 September 10
PRESSURE ON S6 AND S7 ROUTES SEEMS TO BE CONTINUED NEXT WEEK CAPT. REDDY
COALspot.com: The freight market has been flat this week due to holidays in China and low activity saw all sectors down and soft.
The BDI was dow ...
Thursday, 23 September 10
CHURCHILL MINING SHARES JUMP ON EAST KUTAI COAL PROJECT FEASIBILITY RESULTS - STOCKOPEDIA
AIM listed mining group Churchill Mining (LON:CHL) and its Indonesian partners the Ridlatama Group, have completed a feasibility study on the 2.73bn ...
Thursday, 23 September 10
DRY BULK RATES EXPECTEDLY FALL TO ONE MONTH LOWS - HELLENIC SHIPPING
With of the Far East trade routes closed this week on various national holidays, demand for ocean transportation of raw materials has been significa ...
Wednesday, 22 September 10
INDIA TO BE BIGGEST BUYER OF INDONESIAN COAL BY 2011 - BUSINESS STANDARD
India will pass Japan to be the biggest buyer of Indonesian coal by 2011, said Bob Kamandanu, chairman of the Indonesian Coal Mining Association.
...
Wednesday, 22 September 10
DRY BULK MARKET SENTIMENT TURNS SOUTH AS IRON ORE DEMAND DECLINES
The dry bulk market has once again turned the tide, with the industry’s benchmark, the Baltic Dry Index (BDI) turning south during the previou ...
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- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- VISA Power Limited - India
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Australian Coal Association
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
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