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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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Tuesday, 15 February 11
INDONESIAN COAL FOR HARYANA THERMAL PLANTS - PUNJAB NEWS LINE
To tide over the recurring coal shortage at thermal plants Haryana Power Generation Corporation Limited (HPGCL) has gone for Malaysian coal for its ...
Tuesday, 15 February 11
TONNAGE OVERSUPPLY TO CHOKE FREIGHT RATES IN THE COMING MONTHS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a new report assessing the dry bulk market, BIMCO’s analysis suggests that freight rates for Capesize vessels are likely to remain depresse ...
Sunday, 13 February 11
COAL MARKETS 2011 TO HIGHLIGHT INDONESIAN COAL AND NEW SOURCES OF COAL SUPPLY
“Over 300 senior decision-makers from coal mining, power and trading companies expected to congregate in Singapore”
Press Release - K ...
Sunday, 13 February 11
YEAR OF RABBIT PUSHING FREIGHT MARKET UP
COALspot.com – “The market finally moved up with firmness in all sectors with some positive signs of markets recovering”, said Cap ...
Friday, 11 February 11
DRY BULK MARKET HEATING UP ON FRESH CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is on a high this week, with owners of smaller vessels turning their attention towards the spot market, in order to take advanta ...
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- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- CNBM International Corporation - China
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
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