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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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Monday, 13 June 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 1.2 PERCENT IN JUNE
COALspot.com - The Ministry of Energy & Mineral Resources sets coal spot price benchmark for June 2011 at US$ 119.03 per ton, higher than US$ 1. ...
Sunday, 12 June 11
THE FREIGHT MARKET IS LIKELY TO BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - The freight market continued to soften this week except for Panamax index. The BDI was down by about 4.77 pct and closed at 1,418 poi ...
Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
Friday, 10 June 11
BUKIT ASAM RECORDED RP1.3 TRILLION PROFIT IN MAY - TEMPO INTERACTIVE
Tempo Interactive reported that, PT PT Tambang Batubara Bukit Asam Tbk (PTBA) made a net profit of Rp 1.3 trillion (approx. US$ 152,779,410) at the ...
Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
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Showing 5231 to 5235 news of total 6871 |
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- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- White Energy Company Limited
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
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