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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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Saturday, 30 April 11
THE PANAMAX WAS THE BIGGEST GAINER
COALspot.com - The freight market appeared to recover slightly after the Easter holidays. However they market may not move up much and likely to mai ...
Friday, 29 April 11
KOMIPO ISSUES TENDER FOR 710,000 MT OF LCV & HCV COAL
COALspot.com - Korea Midland Power Co. Ltd (KOMIPO) has issued a spot supply tender for supply of total 710,000 MT of thermal coal for delivery betw ...
Friday, 29 April 11
HARUM EYES IDR 2.58 TRILLION COAL TAKEOVER
PT Harum Energy Tbk (HRUM), that is controlled by Indonesian tycoon Kiki Barki, is poised to spend Rp 2.58 trillion (approximately US$ 301.296 mln) ...
Friday, 29 April 11
CHINA'S IMPORTS 27 PERCENT LESS COAL IN Q1 2011 - ICAP SHIPPING
ICAP Shipping reported that, China's coal imports in the first quarter were some 27% down on a year ago at 32.3 Mt (2010: 44.4 Mt). Part of the rea ...
Thursday, 28 April 11
BALTIC DRY INDEX NUDGES UP AFTER DAYS OF LOSSES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After consecutive falls, the dry bulk freight market, as followed through the Baltic Dry Index, finally caught a breather yesterday, with the BDI ma ...
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- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Australian Coal Association
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- The University of Queensland
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
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