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Wednesday, 25 May 11
DRY BULK MARKET ENTERS WEEK ON A HIGH NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has managed to end its downward trend of the past few weeks and surge back on higher ground. Yesterday, the Baltic Dry Index (BDI) increased by 1.48% and reached 1,369 points, the highest it’s been in six weeks. Capesizes and Panamaxes were the main gainers. Especially, the larger Capes have gained 43% in the past four sessions, bringing the daily average charter rate up by 43% to $8,065. At the same time, the up until recently struggling panamax market was up once again, this time by 2.7% with daily average rates now reaching $13,724.
According to the latest report from shipbroker Barry Rogliano Salles, the past week was deemed an unusual one, with Capesizes being the only segment to post significant gains. The BCI rose 9% w-o-w, while the overheated Panamax market saw a correction of -3%. Providing some more insight on the Capesize market, BRS said that it was a “strong week in the Atlantic, where rates showed double-digit gains, which lifted the BCI above 1,600 points for the first time in 6 weeks. A scarcity of ships in the region intensified the rate gain in the west and a translantic round was reported at US$8,500. In the Pacific, there remained heavy over tonnaging, although Brazil-China inched up by around 3%, with a possible deal done at US$19.50. Australia-China was unchanged. By the end of the week the four time charter average had reached US$7,754 and rates rose again slightly on Monday to US$8,065”.
Regarding the Panamax market, the report mentioned that “it started the week slowly and eased in all basins mainly due to a lack of fresh orders for prompt vessels. However, from Thursday, the market firmed up again thanks to a busy USG coal export trade and an active ECSA area exporting grain to the Far East. This latter trade over the last month has significantly decreased the available fleet in the Atlantic and pushed the TA round voyage up. The 4TC average Friday to Friday lost US$450 to finish at US$13,364 per day. The TA round lost US$200 closing the week at US$14,000 per day and the Nopac lost US$600 to close the week at US$12,000 per day. The WCI/China route kept flat paying US$13 pmt for Goa/N China trade. Short period activity was quiet throughout the week and rates firmed up by US$300, closing the week at US$14,500 per day” said the Paris-based shipbroker.
As for the smaller sizes, “the Baltic Supramax Index remained at the same levels at the beginning of the week before rising continuously as from Wednesday until the end of the week. Overall the Baltic index gained 20 points to finish at 1,413, while the average of the time charter routes gained US$210 points to end at US$14,770.
The US Gulf was the main driver of the Supramax market, though only a few fixtures were reported. Supras from the US Gulf to the Far East were fixed in the high US$20,000s, and around US$28,000 for Mediterranean destinations. Black Sea to the Far East (via Goa) were fixed around the US$22,000.
In the smaller sizes, the Baltic Handysize saw a mini yo-yo effect but remained steady overall throughout the week. The index lost 2 points to end at 786, while the time charter average lost US$39 to finish at US$11,662. The main event for the Handysize is the revival of the Black Sea market which has started to export grains again. Many players were fresh open with orders mainly to the Continent or the Spanish Mediterranean. Such trips would run around US$18/19,000. Fixtures from East Coast South America to the Far East are in the low US$20,000s and around the high US$10,000s to the Med/Black Sea area. On the Eastern side, Supramaxes ex India to China were fixed around US$13/14,000. Indonesia to India was done in the mid US$10,000s. The Nopac round was fixed at levels of US$12/13,000 dop Far East” concluded the report.
In important news for the market, OECD released a new report confirming strong expansion in world steel markets and forecasting 6% growth for both 2011 and 2012. World steel output growth slowed in the second half of last year but, on the back of Chinese demand, rose nearly 10% in the first quarter of 2011 q-o-q. However Chinese growth is expected to fall to around 5% in 2011 and 2012. Overall the world economy had seen strong recovery in automotive manufacturing in both the mature and developing economies, though demand in the construction sector has yet to recover in the advanced economies.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 05 April 11
DRY BULK MARKET DOWN ON FIRST DAY OF SECOND QUARTER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market began the second quarter on a downward pattern, with the industry’s benchmark, the Baltic Dry Index (BDI) shedding 1.45 pe ...
Monday, 04 April 11
INDONESIA INTERNATIONAL CONFERENCE FOCUS ON INDONESIA'S ECONOMY (IICFIE) 2011 MASTER PLAN TO ACCELERATE THE ECONOMIC DEVELOPMENT
Press Release - Since couple of years, Indonesia's economy show impressive growth. What is the Indonesia's Economic Corridor and the Master plan t ...
Saturday, 02 April 11
TNPL CALLS FOR 160KT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure another 160,000 MT +/- 5 percent of Non-Coking imported C ...
Saturday, 02 April 11
THE FREIGHT MARKETS LIKELY TO BE SOFT NEXT WEEK - VISTAAR SINGAPORE
COALspot.com - The freight market softened this week affecting all sectors with BDI down by 65 points (down by 4.10 pct) and closed at 1,520 points. ...
Friday, 01 April 11
SUPRAS EX RICHARDS BAY COAL TERMINAL TO INDIA HOVERING AT $ 25 - 27.00 PMT - FEARNBULK
Handy
Atlantic markets remain stable with more activity from the Black Sea to FEast paying in the mid 20´s on Supras. The USG remains firm p ...
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- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- White Energy Company Limited
- CNBM International Corporation - China
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