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Friday, 27 May 11
LARGER DRY BULK CARRIERS LEAD BDIS RALLY THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Larger dry bulk vessels have kept on leading the market’s rise this week, with the BDI (Baltic Dry Index) rising by a more than healthy 3.43% to 1,446 points. Capesizes and Panamaxes have been the stars so far, with the Capesize market gaining 4.08% and the Panamax one returning to rising levels by an equally impressive 4.39%. Of course, one should take into account that traditionally this time of the year, the dry bulk market experiences its highest seasonal demand, which could help justify this week’s rise. But, on the other hand, oversupply issues haven’t just “magically” gone away and will keep on pressing the market and causing high rate volatility.
Yesterday, brokers and analysts alike were speculating that behind this week’s rise, is the potential decommissioning of some vessels.
“No owner’s going to continue doing business at $4,000 a day or $6,000, below operating costs,” said Hendrik Leusink, division executive for capesize and panama vessels at Island View Shipping SA, South Africa’s biggest commodities shipping line.
Quoted by Bloomberg he mentioned that “people will put ships into temporary lay-up or idle ships.” Operating costs for the vessels are between $7,500 and $8,000 a day, according to estimates from London-based Simpson Spence & Young, the world’s second-biggest shipbroker. Capesizes were below that level from April 11 to May 19.
In its latest weekly report, Fearnley’s mentioned that finally there were some good news for Capesize ship owners, even though rates in general are at a historic low and fundamentals have changed very little over the week. “Driven almost entirely by increased transatlantic coal trades and a steady volume on the Brazil/China iron ore run, average spot levels are up more than 50% to come in at close to USD 9k. Pacific is slow and eventless in comparison, though, with resultant levels for the WAust/China ore run only marginally up at USD 7.35 pmt which is still below opex. Expectations are there for this to last a little longer, thus more period fixing is expected - last done is 178kdwt/built 1998 done for 10-14 months at USD 10700/day basis delivery Qingdao mid June” said the report.
In the Panamax market, “after a slow start to the week, we saw more cargoes in the market on Tuesday with both coal from US and grains from ECSA. Especially the Pacific basin took a turn on Tuesday evening with chrts chasing prompt ships which were lacking. NoPac rounds were fixed at around 14k and still climbing, while the Atlantic rounds were fetching around USD 15k. Fronthauls hovering around USD 250k. It has been some short period activity this week with rates hovering around 13/14k. It was also rumored a kmax being fixed and failed for 3 years at a tick more than USD 14k” mentioned the shipbroker.
Finally, for the smaller ship types, “rates in the Atlantic remain steady/flat with the Black Sea remaining quiet with little fresh enquiries. The Continent is seeing more tonnage on ppt /beg of June positions. US Gulf to the Far East is slowly but surely firming further and more activity seen on transatlantic round voyage. ECSA is balanced with very little movement on rates. Outlook: stable. The Pacific market remains soft and owners unwilling to come in India due to lack of outbound cargoes. For Indo-India, Supras in North China are getting close to 12k. Nickel-ore rounds are getting firm rates in mid-high teens from Indonesia.
WCI-China rates slided to 15k and from ECI around 12k. Red Sea; ferts on handymax/ Supras are fixed at very mid 20´s pmt on voyage basis to WC India. Large Supras for RBCT/India round are now asking 15k. Short period deals done at mid-teens for large Supras” concluded Fearnley’s.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 20 April 11
TNPL SECURED 160K MT OF COAL WITH CALORIFIC VALUE 6000 GAD AT US$ 93.44 PMT
COALspot.com - Delhi based Knowledge Infrastructure Systems Pvt. Ltd once again offered the lowest price of US$ 93.44 per metric ton for calorific v ...
Wednesday, 20 April 11
TSI LAUNCHES GEO-COAL UPGRADING TECHNOLOGY
Simple yet effective process boosts calorific value of low rank coal to provide lower cost energy across the world.
Press Release - Total Sinergy ...
Wednesday, 20 April 11
ADARO TO PAY OUT RP 970B IN DIVIDENDS - THE JAKARTA POST
The Jakarta Post reported that, the annual shareholders meeting of coal producer PT Adaro Energy on Wednesday agreed on the disbursement of Rp 970.7 ...
Wednesday, 20 April 11
INDIA IMPORTS MORE COAL FROM INDONESIA
COALspot.com - Indonesian coal exports jumped 23.31 percent during March 2011. The world’s largest coal exporter shipped 27, ...
Tuesday, 19 April 11
LONDON COMMODITY BROKERS OPENS JOHANNESBURG OFFICE
COALspot.com - London Commodity Brokers (LCB), a broking house specialising in bulk physical and Over-The-Counter commodities and options (coal ...
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- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Australian Coal Association
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- The University of Queensland
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Economic Council, Georgia
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
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