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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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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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- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Planning Commission, India
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- VISA Power Limited - India
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- MS Steel International - UAE
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
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