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Friday, 05 August 11
DRY BULK MARKET FINALLY TAKES A BREATHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market at last caught a break mid-week after a constant fall which saw the industry’s benchmark, the BDI (Baltic Dry Index) falling to more than a three-month low. Yesterday, the index posted its second straight rise, ending at 1,268 points, up by 0.63% on the back of firming up signs in the capesize market. The Capesize Index was up by 1.80% to 1,807 points, while the Panamax markets remained subdued to 1,475 points, down by 0.41% on the day.
Commenting on the Panamax market, shipbroker Fearnley’s stated that “summer silence continue with limted cargo flow and softening levels. Atlantic somewhat, especially north, is firmer than pacific. Levels hovering arnd 14k. Some cargoes even stay unfixed due to owners not accepting charterers ideas. Limited period activtity and owners like to hold back doing short employment and wait for better levels. In the pacific rounds being closed just above 8000,- and more and more vessels ballast dir ecsa. Backhaul´ s now at weak 3600/3700 and hopefully it find some resistance now preventing further drop. Expectation´s for next 1-2 weeks is still slow activity but if rates move up or down reamins to be seen” the report said.
On the Capesize front, it mentioned that “after a quiet week and with rates dropping day by day, we finally see more activity. at the time of writing Rio Tinto taken ships in the range usd 7,85 to usd 8 pmt for west australia / china and there is clearly more support in the pacific. The other majors have been active elyer this week, but are now absent. for the front haul marked, charters have been aiming usd 19 - 19,10 rnge throughout the week, with owners at mid 19s and encouragement to do slightly less. In spite of a couple of fixtures, activity has remained week. The same goes for TARV activity, where there is few cargoes. Short period is more or less non excisting after the hype last week” the shipbroker said.
In a separate report, shipbroker Shiptrade Services said on the supramax market that it was a week with mixed feelings at both basins. “In the Atlantic region, the Continent/Mediterranean market was quiet with supras’ reported fixed around USD 4.000 per day for cargoes to USG, while scrap stems ex Continent to Mediterranean sea were done at USD mid teens. Rates for Transatlantic round remained around USD 14-15.000 per day. Fixtures for trips to Far East reported USD high teens - 20.000per day, for GOA traders ex Mediterranean. On the ECSA/F.East market fixtures reported at levels around USD 20.000 – low twenties per day basis W.Africa delivery. In the pacific market increased, with Indonesia being the driving force. Rates for Pacific round held at levels USD 9.000-10.000per day, while trips ex Nopac were performed around USD 10.000 per day basis N.China delivery (M/V Cos Orchid 55.539/06’)” said Shiptrade in its report.
On the Handysize segment, the general trend was also downward. “Rates drifted further down. “In the Atlantic region the Continent/Mediterranean/Black Sea remains flat, with not many cargoes moving eventhough we could see some coal stems to Mediterranean Sea and some grain cargoes from the Black sea. On the ECSA market grain are still available but sugar parcels are scarce. In the Pacific there was still a constant flow of coal to China, clinker to destination Bangladesh is always there, and a few steel parcels” said the report.
Meanwhile, attention should be brought on the impact of Typhoon Muifa which is likely to hit Eastern China. In a notice issued yesterday from Commodore Research & Consultancy, it mentioned that “Typhoon Muifa has continued to gain strength and remains likely to make landfall near Shanghai. As of now, the typhoon is expected to make landfall south of Shanghai, near the ports of Zhoushan and Taizhou, late Saturday night. If Typhoon Muifa ends up making landfall close to a port, port damage could occur. Coastal trade is also very likely to be affected at several ports including Wenzhou, Taizhou, Zhoushan, and Shanghai. We will continue to monitor the storm very closely and will be publishing additional updates” said Commodore.
Source: Nikos Roussanoglou, Hellenic Shipping
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Saturday, 03 September 11
FEW SHIPS REPORTED FIXED FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued the upward trend during last week with BDI up by about 13 pct closing at 1,740 points and cape index up ...
Saturday, 03 September 11
TNPL TO BUY 240K MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure 240,000 MT +/- 5 percent of non-coking imported coal with ...
Friday, 02 September 11
CAPESIZE DEMAND LIFTS DRY BULK MARKET ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what proves to be the best week of the year for Capesize owners, strong demand has helped propel the dry bulk market to new highs yesterday. The ...
Thursday, 01 September 11
EWP TO BUY 195KT OF VIETNAM COAL
COALspot.com - Korea Midland Power (KOMIPO) has issued an International open bidding for 490kt of sub bituminous coal, according to a bid invitation ...
Thursday, 01 September 11
DRY BULK MARKET TAKES GREAT LEAP FORWARD - NIKOS ROUSSANOGLOU
In what turned out to be a rather hopeful ending of the month, the last day of August saw the dry bulk market’s benchmark, the BDI (Baltic Dry ...
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- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Aditya Birla Group - India
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- The University of Queensland
- GMR Energy Limited - India
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
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