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Wednesday, 15 June 11
DRY BULK MARKET WEAKENS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Despite this time of year traditionally being one of the busiest for the dry bulk market, it seems that in the post-crisis era trade patterns are constantly evolving and changing. The Baltic Dry Index (BDI), the industry’s benchmark, fell yesterday to its lowest in more than three weeks, ending the session down to 1,400 points, retreating by a total of 0.85%. The main reason was the weaker capesize activity, with shipbrokers reporting lower demand. As a result, the Baltic Capesize Index fell by 2.19% to 1,694 points, while a smaller fall of 0.6% was also noted in the Supramax segment. The only “survivor” of this latest downfall of the market, has, so far, been the Panamax market, which is steadily outpacing the oversupplied Capesize one. Panamaxes were higher by 1.28% yesterday to 1,975 points.
In its latest weekly report, Paris-based shipbroker Barry Rogliano Salles (BRS) said that the past week was characterized by yet more instability, with the Capes, Supras and Handies losing ground, and the Panamax gaining, a pattern carried on in this week as well. “Stockpiles of imported iron ore at China’s major ports rose by almost 1% this week to a new high of 93.43 million tonnes. It follows a 0.8% increase in imports in May to 53.3 million tonnes compared to the previous month. Despite government efforts to curb overheating, and low profit margins for the industry, production at China’s steel mills remains robust. The mills produced a record 60.25 million tonnes of steel in May. Demand is expected to stay strong until July, when the quieter summer season begins. Power rationing could also curb some activity between June and September” said BRS.
On the Capesize market, it said it’s been “a quiet start to the week saw rates drop in the Pacific, and then subsequently spread to the Atlantic. Overall the BCI dropped nearly 11% to 1735, with Atlantic routes taking the biggest hit. In the Pacific, Tubarao-China was fairly busy but ultimately rates dropped around 5% w-ow, and out of Australia there was a good flow of cargoes, but even here the oversupply of tonnage pushed rates down slightly by around 3%. The 4TC finished on Friday at US$9,320 per day, down from US$11,773 the previous week. The BCI dropped 12 points on Monday, and there was uncertainty about the future direction of the market” said the shipbroker.
As for the best performing market, the Panamax one, “Friday to Friday, the Panamax market rose by US$1,300 in the Atlantic (US$16,800 per day) and $1,400 in the Pacific (US$14,500 per day). In the Pacific, the Indo and Australian coal cargoes were keeping prompt vessels active, giving some fresh air to owners. Out of India, however, iron exports were less active and vessels were not achieving more than US$12.50 pmt basis ECI/China route. In the Atlantic, the number of available ships was much less than a month ago and this basin seemed to have found a real stability. Period wise, the market has been extremely quiet throughout the week mainly due to a weak forward FFA market. Rates for short period remained stable at around US$14,000/14,500 per day for short period dely North China redelivery worldwide” noted the report.
Finally, on the smaller ship types of the Supramax and Handysize class, BRS mentioned that “the Baltic Supramax Index came off last week from US$15,004 to US$14,009, mainly driven by the eastern side due to the oversupply of vessels in the Pacific and the start of Indian monsoon. A 56,000 dwt was fixed for a Nopac round last week at US$13,500 daily, while a week later a 52,000 dwt was fixed at US$10,000 for a similar trip. Supramax have been fixed from India to China around US$9,000 daily compared to a week earlier when it was around US$12,000. The worst we noted was a Supra fixed spot China to ECSA at US$6,500 daily. The Atlantic remained stable due to a good activity in USG and ECSA, in particular a 58,000 dwt was fixed at US$28,800 from USG to Cont. In the smaller sizes, the Baltic Handysize slightly decreased by 16 points to reach 749, while the average of the TC close at US$11,110. Handysize were fixed in the high teens from ECSA to Cont, and similar numbers have been seen from USG. The Black Sea saw a lack of activity this week but rates remained ok with a modern 28,000 dwt fixed at a good rate of US$7,500 to USG, while other vessels were fixed at US$10,000 to Wafr. In the East, rates are decreasing slightly and a 37,000 dwt was fixed for a Nopac round at a similar rate as Supramaxes at US$10,000, in line with the Baltic index. Only one fixture has been reported from India to China for a 33,000 dwt, also at US$ 10,000.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 15 September 11
INDIAN GOVT PLANS TO DEVELOP 9 NEW MAJOR PORTS BY 2016 - INVEST MONEY / HELLENIC SHIPPING
The government has announced to make a investment of more than Rs 22,000 crore (approximately US$ 4,623,791,331) to develop nine new major ...
Thursday, 15 September 11
BOTSWANA COAL AND ENERGY CONFERENCE 2011
Press Release - Botswana Coal and Energy Conference 2011 | 29-30 November 2011 | Gaborone. Botswana represents Africa’s exciting new coal and ...
Thursday, 15 September 11
DRY BULK MARKET EDGING FURTHER UP THE SCALE, CLOSING IN ON 2,000 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was up once again yesterday, reaching 1,927 points, or 1.375 higher on the day. Thus, it has kept its rising trend established d ...
Wednesday, 14 September 11
INDO STRAITS BAGS 2.4 MILLION TON COAL TRANSPORTATION CONTRACT FROM ARUTMIN
COALspot.com - PT Indo Straits Tbk (PTIS) bagged a contract to tranship about 2.40 million tons of coal over an initial period of 6 months fro ...
Wednesday, 14 September 11
DUTA PERTIWI DISCOVERS COAL RESERVE - INSIDER STORIES
Insider Stories reported that, PT Duta Pertiwi Nusantara Tbk (DPNS) yesterday steeply jumped 24.56% to Rp710 a share after the company discove ...
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- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Australian Coal Association
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
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