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Thursday, 28 July 11
DRY BULK MARKET EDGES FURTHER DOWN ON ADDED PRESSURE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The Baltic Dry Index (BDI), an indicator of dry bulk freight rates has reached new lows this week, with yesterday’s session ending further down by 1.07% to 1,296 points. Once again the Capesize segment posted the biggest losses, with the Baltic Capesize Index down by 0.88% to 1,800 points. On a similar note, the Panamax market was down by 0.39% ending at 1,532 points, while marginal losses were also recorded on the Supramax segment, which retreated by 0.08% to 1,265 points.
Referring on the Capesize market, the latest weekly report from shipbroker Fearnley’s said that “summer doldrums prevailing, with limited volumes traded and levels softening slowly. Atlantic being dull and without much direction - a softer USD 11,500 done for transatlantic round on nice 181kdwt/built 2010 and the Tubarao/Qingdao fronthaul conference trade hovering around an uninspiring USD 19.25/19.50 pmt. Pacific spot also suffering from a similar lack of fresh volumes, with the main climate indicator trade Dampier/Qingdao remaining stuck in the dismal USD 7.75/7.85 pmt-region. Little joy is expected short-term, as the number of ballasters heading west remains steady and possibly increasing. Period activity very limited, partly due to major players being absent - representative conclusions include 169kdwt/blt 2010 done for 5-8 months at around USD 11,400/day basis prompt China delivery” it said.
In a similar report earlier in the week, shipbroker Shiptrade Services had mentioned that it was a soft week with rates dropping in both basins. “In the Atlantic region cargoes were thin with plenty of tonnage available. During mid-week we saw a short enquiry increase for Transatlantic round that improved rates just a bit, but soon levels dropped again at around USD 12.250 per day. In this respect the Brazil – China route moved the same way and at levels concluded around USD 19.30 pmt. In the Pacific, market remained at steady activity, but rates softened just a bit as iron ore majors were not eager for tonnage. Owners had to discount, and at week’s closing the Australia – China trade was concluded at levels around USD 7.85 - 7.95 pmt” said Shiptrade Services. Meanwhile, quoted by a Reuters story, Mr. George Lazaridis head of research of shipbroker Intermodal said that "we have seen a drop in activity especially from iron ore cargo, mainly due to drop in demand compared with about four weeks ago.”
On the Panamax front, Fearnley’s said that “the Panamax market had a slow start to the week with little business being reported. Seems there are more cargoes in the market, however some owners seem reluctant to fix at current levels. The period market has been nonexisting.
Vessels being fixed for Tarvs are now getting tick above USD 14k while the fronthauls are being fixed in region of USD 21k. In the Pacific we see a slight rate increase compared to last week with rounds being fixed at USD 8,600 while backhauls are being fixed at a poor USD 4k” the shipbroker said.
Shiptrade’s view on the Panamax market was the following: “Activity was steady but rates moved downwards. There was a good activity in the Atlantic but rates softened as an effect from the ballasters coming from the pacific. Rates for Transatlantic round began from USD 16.000 per day during early week, and eventually concluded at USD 14.000 per day. On the Fronthaul trade, there were not many owners willing to sail towards Far East, so levels ex Continent/Mediterranean remained at the same levels, around USD 22.000 per day, while the ECSA/F.EAST trade, concluded at levels around USD 24.000 plus USD 450.000 ballast bonus. In the Pacific we could still see a high volume of tonnage, combined with no increase on the requirements. Indonesia cargoes to India remained at a steady flow, but many Owners consider this as a last option. Rates for Pacific round were done around USD 8.000-8.500 per day basis N. China delivery, while rates for trips ex NOPAC moved upwards at levels around USD 9.750 per day basis delivery N.China/Japan range. (M/V Ellivita 75.522/99’)” said Shiptrade Services.
As for the smaller Handy market Fearnleys’ report mentioned that “the Atlantic is soft across all segments with little fresh enquiry and tonnage piling up with rates in mid 20´s for Supras back to Feast via Aden. Black Sea is ´dead´ and mainly supported by the odd grain cargo. Most tonnage prefers to stay in Atlantic thus there is more and more ballasters competing at Gibraltar. Same situation on the Continent where tonnage is struggling to find good business. Outlook: soft. The Pacific remains quiet with not much change. For Indo-India, Supras in south China are getting close to 12k. Nickelore 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. RBCT biz fixed on ECI tonnage around 10k. Red Sea, ferts on handymax/Supras are fixed at very mid 20´s pmt on voyage basis to WC India. Period deals done at 12k for large Supras” it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 05 October 11
WITH CHINA ON HOLIDAY, DRY BULK MARKET REMAINS STAGNANT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has remained to healthy levels after last month’s rally, but with China going on holiday this week, things are looking sta ...
Tuesday, 04 October 11
INDONESIA RAISES COAL BENCHMARK (HBA) FOR FIRST TIME IN 4 MONTHS
COALspot.com - Indonesia raised the monthly reference price for sales in October by 2.56 percent, the first increase since June.
The Ministry of ...
Tuesday, 04 October 11
COAL MINING GROUP WANTS EXPORT TAX, NOT EXCISE - JG
One of the leading English news paper in Indonesia, The Jakarta Globe reported that, the government shall reimpose a duty on coal exports, classifyi ...
Sunday, 02 October 11
INDIAN COAL IMPORTS PICKED UP - CAPT. REDDY
COALspot.com - The BDI dropped by 1 pct and Cape index dropped by 6 pct closing at 1,899 points and 3,136 points respectively. However all other seg ...
Saturday, 01 October 11
2012 TO BE ANOTHER CHALLENGING YEAR - CEO, REMI MARITIME
Shipowners are facing another challenging year in 2012 said Mr. Leonidas Polemis CEO of Remi Maritime Corporation, urging caution towards operating ...
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- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Mjunction Services Limited - India
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
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