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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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Monday, 15 August 11
INDIAS MALABAR CEMENTS SEEK TO IMPORT 40,000 TONS OF COAL
COALspot.com - Malabar Cements Ltd., India's Keralaa government owned cement factory is seeking to import 40K metric tons of non-coking coal throug ...
Sunday, 14 August 11
SUPRAMAX CHARTER RATES SHARPLY UP - CAPT.REDDY
COALspot.com - The BDI ended positive with gains in Cape and Panamax index. The BDI was up by 1.50 pct and the cape and panamax index was up by almo ...
Saturday, 13 August 11
GMR HAS ENTERED INTO CSPA WITH GEMS TO ACQUIRE 30% STAKE
COALspot.com - GMR Infrastructure Investments (Singapore) Pte Ltd, a subsidiary of GMR Infrastructure, has signed conditional sale and purchase agre ...
Friday, 12 August 11
COAL MINERS WILL ALLOW TO CONSTRUCT MINE MOUTH POWER PLANT
COALspot.com - The government is set to draft a regulation to enable construction of steam-fired power plants (PLTU) by coal mining companies for th ...
Friday, 12 August 11
CAPESIZE DEMAND HELPS LIFTING OF DRY BULK MARKET - HELLENIC SHIPPING NEWS
The dry bulk market has recovered a small fraction of its lost ground this week, with higher returns as a result of increased capesize demand. This ...
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- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Australian Coal Association
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Latin American Coal - Colombia
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Planning Commission, India
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Bhatia International Limited - India
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- MS Steel International - UAE
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
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