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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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Friday, 03 June 11
DRY BULK MARKETS RESURGENCE APPEARS TO BE LOSING SOME STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s seems to be losing some steam, despite reports of growing Chinese demand for commodities, especially coal, on the back o ...
Thursday, 02 June 11
LARGE SUPRAS FOR RBCT/INDIA ROUND ARE NOW ASKING 14K - FEARNBULK
Handy
The Handy/Supra market has in general been flat and un-exciting this week. The Black Sea market is almost non existing while the US Gulf mar ...
Thursday, 02 June 11
DRY BULK SHIP OWNERS LOOKING INTO SHORTENED WEEK WITH ANXIETY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With most markets in the western world closed yesterday, as a result of Memorial Day, dry bulk stakeholders weren’t able to build over the pos ...
Monday, 30 May 11
MIANG BESAR COAL TERMINAL ON TARGET
COALspot.com - MBCT, to be largest coal terminal in Asia to start construction in Indonesia’s east Kalimantan Island in July 2011 says Mr. Joh ...
Sunday, 29 May 11
THE FREIGHT MARKET CONTINUED TO GAIN MOMENTUM - VISTAAR
COALspot.com - The freight market continued to gain momentum and the BDI, Cape Index and Panamax was by up almost 10-12 pct and on all sectors, Vist ...
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- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
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