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Sunday, 10 July 11
DRY BULK MARKET SHOWING SIGNS OF IMPROVEMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Stronger Capesize demand has helped propel the dry bulk market forward this week, with the Baltic Dry Index (BDI) ending yesterday’s session up by 1.05% to 1,443 points. The Capesize Index has inched higher, gaining 1.63% on Wednesday to reach 2,116 points, managing to stay clear ahead of the Panamax sector. Panamaxes were also higher by 2.01% with the relative Panamax Index now standing at 1,626 points. Up until a couple of weeks ago, Panamaxes were ahead of their larger Capesize counterparts, in a paradox of the latest circumstances prevailing in the dry bulk market for months.
In a latest update on the Capesize resurgence, US-based analyst Commodore Research & Consultancy said that approximately 108 dry bulk vessels were delivered in May, a significant increase from 71 vessels delivered in April. May saw the delivery of 29 handysize vessels, 36 handymax vessels, 22 panamax vessels, and 21 capesize vessels. In comparison, April saw the delivery of 14 handysize vessels, 20 handymax vessels, 20 panamax vessels, and 31 capesize vessels.
“Approximately 35 vessels were demolished in May, a small increase from 27 vessels demolished in April. May saw the demolition of 11 handysize vessels, 4 handymax vessels, 8 panamax vessels, and 12 capesize vessels. In comparison, April saw the demolition of 11 handysize vessels, 5 handymax vessels, 6 panamax vessels, and 5 capesize vessels.
The capesize market fared the best in May, registering a net addition of only 9 vessels (in comparison, April saw a net addition of 26 Capes). This is partially why Cape rates have been able to find support since the second half of May. The 12 Capes that were scrapped in May were the largest amount of Capes scrapped in a single month this year. In comparison, January to April saw an average of 6 Capes scrapped per month. May’s small net addition, combined with an increase in iron ore and coal demand seen throughout much of June, has helped average Cape rates rise from approximately $5,500/day at the middle of May to almost $14,000/day” said Commodore in its report.
In its latest weekly analysis of the dry bulk market, Fearnley’s said, referring to the Capesize segment, that “as most players were expecting a summer quiet market, the opposite is happening. West Australia/China route is stronger, in spite of only one of the big three appears to be active. Although little information in the market appears about last done levels, it seems mid 8s is the going level for this route. For Tubarao/Qingdao we see more activity as well, and bid/offer is presently usd 20,50/21.00 bss Tub/Qingdao. Short period is steady, with expectations for some further improvement, bid/offers for short period usd 12,000/12,500 dly” said the shipbroker.
In the Panamax segment, “despite recent signs of life in the Cape market, and spot levels on Panamax turning positive mid week, the sentiment in the Panamax market suffers from an underlying weak tone. Charterers are holding back and activity overall is limited. In the Atlantic prompt positions has been cleared out and rates are slowly climbing in mid teens. Grain orders still appear from ECSA, and runs to the Far East holding at 25 + 500 for ballasters or 22-23k bss Med positions. Owners are still suffering in the eastern hemisphere by lack of fresh requirements from both Aussie and NOPAC. Low volumes on coal with just a few Indonesian rounds still there, and short term expectations for coal is not encouraging. Pacific levels not at five figures yet. The FFA market is hovering around 12-13k for the next 12-18 months, maintaining similar levels for short/medium period where activity also is limited” said Fearnley’s.
Finally, on the Handy sector, it’s been “a quiet market with low activity for Supramax in the Atlantic this week, in particular for Cont/Med positions. NCSA-USG spot/prompt loaders also struggling to find employment. Ballasters from Indian Ocean adding pressure to the South Atlantic resulting in an overall negative trend.
The Pacific market is quiet. For Indo-India, Supras in south China are getting close to 11k. Nickel-ore rounds are getting firm rates in low-mid teens. Very quiet on iron ore front due to monsoons as WCI-China rates slided to 10k and from ECI around 9k.
Few Indian tonnage seen ballasting to Indonesia and RBCT. As a result, RBCT biz fixed on APS at around 20k. Red Sea, ferts on handymax/Supras are fixed at very mid 20´s pmt on voy bss to WC India. Period deals done at 14-15k for large Supras” concluded Fearnley’s.
Source: Nikos Roussanoglou, Hellenic Shipping
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Monday, 16 May 11
INDO TAMBANG 1Q SALES REVENUE UP - INSIDER STORIES
Thai Banpu Plc last week reported a 7.83% increase in coal sales revenue from its Indonesian operating unit via PT Indo Tambangraya Megah Tbk (ITMG) ...
Sunday, 15 May 11
THE FREIGHT MARKET REMAINED SOFT - VISTAAR
COALspot.com - "The freight market overall remained soft", said Capt. Reddy, Director of Vistaar Shipping Singapore. He further added, &qu ...
Saturday, 14 May 11
WELSPUN TO ACQUIRE AN INDONESIAN COAL MINE - MEDIA
The India based Welspun Power and Steel Ltd is planning to acquire 456,000 shares in PT Batubara Energy Indonesia, representing 75% interest, accord ...
Saturday, 14 May 11
DRY BULK MARKET ON A DOWNFALL ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what is now pretty clear will be yet another challenging year for dry bulk ship owners, the Baltic Dry Index returned to its usual pattern of dec ...
Tuesday, 10 May 11
DRY BULK MARKET KEEPS ON RISING, OUTLOOK MIXED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched forward once again on Monday, with the Baltic Dry Index rising by 0.6% to 1,348, although the Capesize market was 0.57% l ...
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- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Minerals Council of Australia
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
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