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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, 07 May 11
SUPRAMAXES ARE AT AROUND $ 13,500-14,000 PER DAY FOR SINGLE TRIPS
COALspot.com - The freight remained fairly steady this week with the BDI up by 71 points and closing at 1,340 points, said Capt. Reddy, the director ...
Saturday, 07 May 11
COAL PRODUCTION MAY REACH 95M TONS IN SECOND QUARTER - THE JAKARTA POST
The Jakarta Post reported that, Indonesian miners are projected to produce around 95 million tons of coal in the second quarter of this year after l ...
Friday, 06 May 11
BUKIT ASAM TO CLOSE COAL TAKEOVER IN Q2 - INSIDER STORIES
The state-controlled PT Tambang Bukit Asam Tbk (PTBA) expects to complete acquisition of two coal mining companies from four companies which is now ...
Thursday, 05 May 11
SUPRAS IN NORTH CHINA ARE GETTING CLOSE TO $ 13K FOR INDO-INDIA
Handy
The Atlantic market is stable/flat with positive undertone meaning more enquiries hitting the market today. Lack of prompt vessels. Trips to ...
Thursday, 05 May 11
PANAMAXES LEAD DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s benchmark, the Baltic Dry Index (BDI) managed to edge higher yesterday, rising by 1.81% to 1,292 points, in the first po ...
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- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Australian Coal Association
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
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