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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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Wednesday, 17 August 11
BUMI'S H1 UNDERLYING OPERATING PROFIT $62 MILLION
COALspot.com - Bumi PLC , posted underlying first-half operating profit of $62 million and production at PT Bumi Resources and PT Berau increased to ...
Wednesday, 17 August 11
SHIP OWNERS COULD FACE PAIN ON THE BACK OF GLOOMY ECONOMYS PREDICTIONS - HELLENIC SHIPPING
The latest market turmoil, coupled with the renewed risk of a global recession could very well signal more troubled times for ship owners of all shi ...
Tuesday, 16 August 11
CHALLENGER ENTERED INTO CSPA WITH PELANGI KERTANEGARA TO ACQUIRE 100% STAKE
COALspot.com - Challenger Deep Resources Corp., through its wholly owned subsidiary, P.T. Bestindo Energy, has exercised its option to purchase an a ...
Monday, 15 August 11
ADARO ENERGYS NET INCOME MORE THAN DOUBLES IN FIRST HALF 2011
COALspot.com - Indonesian’s second largest coal producer, Adaro Energy, booked net profit US$ 268 million in the first half 2011, rose two-fol ...
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 ...
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- The University of Queensland
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Planning Commission, India
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
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