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Tuesday, 10 May 11
DRY BULK MARKET KEEPS ON RISING, OUTLOOK MIXED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market inched forward once again on Monday, with the Baltic Dry Index rising by 0.6% to 1,348, although the Capesize market was 0.57% lower to 1,557 points. The main reason for the latest increase was the Panamax segment which has kept its upward trend, as a result of increased coal and grain trade activity. The relative Baltic Panamax Index was up by 1.81% to 1,801 points, while a small increase by 0.79% was also evident in the Supramax segment of the market.
During the course of the past week, the BDI has risen by 5.6%, mainly driven by the remarkable 22% rise of the Panamax market. according to the latest weekly report from Paris-based shipbroker Barry Rogliano Salles, “Indian government figures showed this week that the country recorded zero growth in its domestic coal sector in fiscal 2010-2011. This compares to 7.9% growth in the previous fiscal year, and will be the first year of zero growth since 1998/1999. Commentators point to strict environmental limitations and uncertainty over so-called ‘no go areas’ as having a major effect on production, factors which will affect the country’s import levels going forward”.
Regarding the Capesize market, it mentioned that the continuation of holidays in Europe led to another quiet week for Atlantic Cape activity, and rates were little changed losing 0-1% over the week. “The Pacific was busier, although a softer trend was noted as the week progressed. Aus-China lost around 3% over the week. Overall the BCI gained 2 points w-o-w, while the time charter average rose from US$6,700 to US$6,777, a figure which is still below Opex for most operators. There are no big movements at the start of the new week although Monday saw another slight drift downwards, with the BCI losing 9 points” said BRS.
On the Panamax market, it said that “despite having a short week, with last Friday and Monday off, the BPI index recovered and the 4TC gained US$1,700 over the week. The biggest increase came from the Far East where the Nopac round gained US$2,300 closing the week at US$13,300 per day. This climb could be explained by an extremely quiet April month with charterers having, eventually, to fix cargoes and the fact that Australia, recovering from the floods, was able to export again. However WCI iron ore was still paralyzed as miner have not yet received permission to export. West of Suez, the ECSA market was very busy as every charterer, after the Easter holidays and various bank holidays, returned to the market at the same time. This pushed rates up to US$26,500 aps + 650 bb for a LME 74,000 dwt giving ETA end May/very early June. Overall the number of Atlantic vessels decreased, giving stability to this basin. Short period wise, the sudden Nopac and ECSA activity created a bubble, with rates climbing very quickly up to US$16,000 per day for a LME (US$3,000 more than a week ago)” said the shipbroker’s report.
On the smaller ships, BRS said that the “Baltic Supramax Index rose by 11 points to finish at 1,386 points last week, while the average of the time charter routes stayed flat, gaining just US$100 to finish at US$14,490 per day. The market was active in the Atlantic, with more and more freshly added grain/sugar cargos ex ECSA. In the meantime, tonnage was injected into the basin throughout the week, but surprisingly these newcomers did not soften the trend which remained flat and fully firm. Activity remained steady in the USG/USEC region, the main commodities being grain, coal and petcoke, trading mainly back to the Continent/Med range and to the Far East. With such a sustained market in the Atlantic basin, more and more ships are coming around to the idea of ballasting from the Indian Ocean or Med to the South Atlantic in order to satisfy demand.
In the smaller sizes, the Baltic Handysize index lost 3 points to finish at 792 points with the time charter routes losing US$100 to reach US$11,750 daily. Again the Atlantic is firmer than the Pacific and the TARV is worth US$12,500/day today, whereas the PARV is worth US$11,500 daily. On the period front, large and modern Supramaxes with delivery Far East are getting fixed in the low/mid US$15,000s for short period” concluded the report.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 21 July 11
DRY BULK RATES EDGE FURTHER DOWN ON WEAK MARKET SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell once again on Wednesday marking the ninth straight day of losses. The industry’s benchmark, the Baltic Dry Index (BDI ...
Wednesday, 20 July 11
ANTWERP RECEIVES THE CAPESIZE MG COURAGE
The deepening of the Western Scheldt has made the port of Antwerp easily accessible not only to Ultra Large Container Ships of over 10,000 TEU but a ...
Wednesday, 20 July 11
KALIMANTAN GOLD APPOINTS COMMISSIONER TO SUBSIDIARY
Kalimantan Gold Corporation Limited has announced the appointment of Dr. Bambang Setiawan as Commissioner (a senior advisor) to the Board of PT Kali ...
Wednesday, 20 July 11
CHALLENGER GETS TABANG PROJECT IUP PERMIT
COALspot.com - Challenger Deep Resources Corporation has been getting exploration permit or Izin Usaha Pertambangan (IUP) for its Tabang coal in Eas ...
Wednesday, 20 July 11
TCM COAL PROJECT IN SOUTH KALIMANTAN MOVES TO FINAL FEASIBILITY STUDY
COALspot.com - Pan Asia Corporation Ltd has executed a formal agreement with an underground mining group KOPEX to undertake a final feasibilit ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- White Energy Company Limited
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Planning Commission, India
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
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