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Thursday, 15 September 11
DRY BULK MARKET EDGING FURTHER UP THE SCALE, CLOSING IN ON 2,000 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market was up once again yesterday, reaching 1,927 points, or 1.375 higher on the day. Thus, it has kept its rising trend established during the past few weeks, on stronger dry bulk demand and Chinese iron ore restocking. All major ship markets were higher yesterday, with Panamaxes being the “stars” of the show, moving forwards by 1.4% to reach 1,735 points (Baltic Panamax Index), while the Capesize market was up by a further 1% to 3,342 points.
According to the latest weekly report from shipbroker Fearnley’s, issued yesterday, “it was another good week for capesize owners, with continuing high activity from both major miners and operators with short positions. This is particularly felt in the Atlantic basin, where spot supply/demand is presently very finely balanced and the relevant w-o-w improvements are 22% for transatlantic respectively 19% for fronthaul trades. Average daily spot earning are up 22%, coming in at a respectable 29k. Paper/forward levels have followed suit, resulting in good period activity - latest exemplified by 180kdwt n/b delivering ex yard November 2011 at a reported USD 16,500 for 2 years with an option for a 3rd year, and 180kdwt/built 2010 delivery China Sept fixing 4-6 months at USD 18,500” said Fearnley’s. In a similar report, shipbroker Shiptrade Services mentioned that the capesize market continued the upward movement, with Capesizes leading the way. “Atlantic basin seemed tight for prompt tonnage. Rates increased further, and at week’s closing fixtures reported at USD 26.000 per day Transatlantic round, while on the Fronthaul trade rates concluded at USD 45.000 per day. On the cargoes ex ECSA, rates decreased a bit at USD 28.00pmt basis Tubarao/Qingdao.
In the Pacific region, activity remained high with iron ore majors covering about 13 vessels, and rates improved up to USD 12.00pmt for the West Australia trade. Owners could also look at alternative trades, ex Richards bay, with timecharter rates at the range of USD 25.000per day basis N.China delivery”.
On the panamax front, Fearnley’s mentioned that “the week started off with holidays in China, Korea and Hong Kong. This lead to a very quiet start to the week with slow activity in both hemispheres. In the Atlantic we can see a well balanced market with spot- and ballasting tonnage covering most of the upcomming cargoes and again leading to a flat market. The Tarvs are getting fixed in region of USD 14k while the fronthauls are fetching around USD 21,500. In the Far East we have been experiencing a stable climb in rates for the last couple of weeks with rounds now being fixed at around USD 14k daily. It is the second time this year we see the same round trip rates for both the Pacific and Atlantic basin. The period market has again regained strength with several fixtures being reported for both shorter and longer periods. A typical 4/6 months fixture for an LME with delivery N.China concludes at around USD 14k, while 1-year deals are being fixed at around 13,500. Backhaul rates kept stable at low USD 5000.
On a similar mould, Shiptrade said that “in the Atlantic region, week began quietly with softening rates as there were not many enquiries. Rates for Transatlantic round began from USD 14.00 per day and eventually concluded at levels around USD 13.500 per day towards weeks closing. On the Fronthaul trade rates declined as ECSA is not as strong as it used to be, but USG still remains at good levels, with fixtures reported at USD 23.850 per day + 450.000 ballast bonus on a BPI type vessel for a trip to F.East.
The Pacific region the feeling was more positive as Indonesia came back to full operation, and many fresh enquiries came on the market from E.C Australia and NOPAC. Rates for Pacific round began from USD 13.000per day for vessels open N.China, or USD 14.000per day basis passing Taiwan. Rates for trips Ex Nopac increased at rates around USD 14.000 per day basis N.china/Japan range (M/V Francesco Corrado 77061/08’)” said the shipbroker.
As for the Supramax markets, Shiptrade commented that “the market seems to be calming down after a few weeks of rapid increase. In the Atlantic basin, the USG region is slowing down with fewer cargoes coming into the market. Rates dropped slightly with fixtures reported at USD high 20’s per day for trip to F.East, and USD mid 20’s for trip to East Mediterranean. On the ECSA, rates for trips back to Continent/Mediterranean were at USD 14-15.000 basis W.Africa delivery, while for trips to F.East some fixtures reported at USD 21.000per day. In the pacific, the market remained a bit quiet with not many new enquires. Owners were feeling nervous and had to lower their ideas. There were coal parcels with the majority of them destined to India. Rates for trips to India were at USD 11-12.000per day. Vessels open in N.China/ Japan were candidates for NOPAC but rates not exceeding USD 9.000 per day, eventhough there was not much activity” concluded the shipbroker’s report.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 06 September 11
SEMEN GRESIK TO ACQUIRE COAL MINE FOR RP. 1 TRILLION
COALspot.com - PT Semen Gresik Tbk (SMGR) is planning to acquire a low calorific value coal concession (IUP). According to Semen Gresik, the coal mi ...
Tuesday, 06 September 11
DRY BULK MARKETS RALLY POWERS THROUGH TO NEW WEEK, BUT A CORRECTION COULD BE OVERDUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s freights rates kept leaping forwards during the beginning of the week, with the industry’s benchmark, the Baltic D ...
Monday, 05 September 11
TNPL POSTPONES BID OPENING UNTIL 12 SEPTEMBER 2011
COALspot.com - TNPL has postponed submission of the offer until 12 September 2011 on request from the supplier, an Indian trader said.
Due to Ram ...
Monday, 05 September 11
INDONESIAN COAL BENCHMARK PRICE - ANALYSIS
Analyst : Sunil K Kumbhat
COALspot.com - As a part of the Government’s efforts to stop transfer pricing abuses which have resulted in the los ...
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 ...
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- Bangladesh Power Developement Board
- MS Steel International - UAE
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- PTC India Limited - India
- Electricity Authority, New Zealand
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- The University of Queensland
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Planning Commission, India
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