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Thursday, 23 June 11
DRY BULK MARKET KEEPS EXHIBITING SIGNS OF WEAKNESS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market seems to be unable to climb at new highs this week, showing signs of weakness, across most ship types. Yesterday, the Baltic Dry Index (BDI) was down by 0.21% to 1,406 points, with panamaxes falling by 1.62%, while Capesizes were stronger, rising by 1.31% to 1,859 poins (Baltic Capesize Index).
According to shipbroker Fearnley’s latest weekly report, in the Capesize market there were “continuous spikes in the Pacific with rates upto USD 8 pmt for West Australia/China being fixed end last week, however charters quickly managed to control the development and got rates down to 7.75-7.85 range. This is still the going rate after a 2 digits number of fixtures concluded at these levels so far this week. In the Atlantic the owners turned more bull after a good number of fresh enquiries last week, but for this week rates have remained steady. However, a shortlived improvement is expected. Period marked is unchanged, with short period rates around low 10,000s”.
In a similar report, Shiptrade Services mentioned that “the week commenced with the transatlantic rates on high pressure, and we could see a BCI type vessel fixed at USD 6.000 per day. During Tuesday we saw some new stems into the market and a couple of vessels fixed at levels around USD 10.000 per day, which seems to be the new benchmark for this route. In the Brazil-China route we could scarcely see any fixtures reported. In the Pacific, the market was more active. In the Australia – China route we saw about 10 vessels fixed for this trade, and rates fluctuating between USD 7.50 pmt – USD 7.85 pmt” said the shipbroker.
On the panamax market, Fearnley’s said that “the Panamax market and especially the Atlantic basin continued to soften this week. The tonnage list is increasing and the fresh cargoes are lacking. Transatlantic business are being fixed at ard USD 16,500 about USD 1,500 down from last week. We still see a healthy demand from ECSA with grains for direction Feast and the rates are stable at ard USD 24,500 daily bss Cont/Med delivery. Apart from the somewhat healthy fronthaul market, both hemispheres are softening with prompt open vsls popping up which again has a negative influence to the rates. For Pacific rounds the vsls are being fixed in the region of USD 13,000 while the backhaul business has been quiet. The period market has been fairly active with a couple of short periods being reported at ard USD 15k with Feast delivery and a one year deal was concluded at USD 13,375 daily” the shipbroker mentioned.
In its report on the Supramax market, Shiptrade said that “in the Atlantic region rates remained in the same levels like the week before with a high demand ex USG and ECSA. We witnessed a fixture ex USG to Feast on a modern vessel, M/V Jin Zhou (50.000 DWT/01’) fixed at USD 28.000per day for trip to F.East. Rates for fronthaul trade were at levels around USD 20-21.000 per day bassis delivery W.Africa, and rates for Transatlantic round is around USD 15-16.000 per day. In the pacific the week began with a big difficulty and softening rates. It has been reported a 57.000DWT vessel fixed delivery S.Korea for a trip via Australia back to china for USD 9.500 per day For trips ex Nopac, a 53.000 DWT vessel has been reported fixed at USD 9.500 per day + 335.000 ballast bonus bassis aps Nopac. Demand for Nickel ore carries is still here, but rates have also softened a bit. Vessels are fixed around USD 12.000 per day bassis delivery N. China”, concluded Shiptrade.
Finally, on the smaller Handies front, Fearnley’s sees signs of a good balance between cargo/tonnage, but a more uncertanty the coming week as ballasters are entering the Atlantic basin from South Africa/India range. “The Pacific market is a bit busy with increase in Indo-India activity. For Indo-India, Supras in North China are getting close to 11k. Nickel-ore rounds are getting firm rates in low-mid teens. Very quiet on the iron ore front due to monsoons, WCI-China rates slided to 11k and from ECI around 9k. Few ECI tonnage seen for Indo-India biz at usd 12k. Red Sea, ferts on Handymax/Supras are fixed at very mid 20´s pmt on voyage basis to WC India. Period deals done at 14-15k for large Supras” concluded the shipbroker’s report.
Source: Nikos Roussanoglou, Hellenic Shipping
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Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500
Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman ...
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% ...
Wednesday, 25 May 11
70 PERCENT OF HARUMS PRODUCTION SOLD - BISNIS INDONESIA
Coal producer PT Harum Energy Tbk claimed that out of this year's total production target of 10 million tons, 70% or 7 million tons had been sold, ...
Wednesday, 25 May 11
MINERS BACK GOVT PLAN TO FREEZE MINING PERMITS - THE JAKARTA POST
Indonesian coal miners hailed the government’s decision to impose a moratorium on the issuance of new mining permits, saying the freeze would ...
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 (BD ...
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- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
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