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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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Tuesday, 23 August 11
COAL DEMAND IS REMAINED STRONG IN SPITE OF CURRENT GLOBAL ECONOMIC UNCERTAINTY - BUMI
COALspot.com - Indonesia's largest coal producer, PT Bumi Resources, Tbk (BUMI)'s sales revenue has increased to US$1.79 billion (compared with US ...
Tuesday, 23 August 11
PENRHYN COAL USING EVERGREEN ENERGYS COAL UPGRADING PROCESS
Evergreen Energy Inc has announced the successful testing results of the initial batches of Penrhyn coal using Evergreen Energy’s coal upgradi ...
Tuesday, 23 August 11
A SHARP INCREASE IN THE BDI - BRS
A sharp increase in the BDI this week, driven by the rise in Capesize rates. Overall the BDI was up 13.5% to 1,462 points on the back of a 20% surge ...
Monday, 22 August 11
INDONESIA TO BAN BELOW 5700 KCAL/KG COAL FOR EXPORT
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia is in the process of drafting a regulation which is requiring mine owners ...
Monday, 22 August 11
JATENERGY AGREED TO FORM JV WITH AN INDONESIAN COAL MINING COMPANY
COALspot.com - Australian’s listed company, Jatenergy Limited has entered conditional agreement to form joint venture with Indonesia’s c ...
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- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
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- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Australian Coal Association
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
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