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Thursday, 13 October 11
DRY BULK MARKETS RALLY CONTINUES, BUT ANALYSTS WARN IT WILL BE SHORTLIVED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market continued its push forward yesterday, for yet another session, as the BDI (Baltic Dry Index), the industry’s benchmark edged higher to 2,127 points, up by 1%, reaching more than 12-month highs. The main gainer was the panamax market, with a rise of 2.22%, while Capesizes also gained 0.35% to reach 3,485 points.
According to the latest weekly report from shipbroker Fearnley’s, referring to the Capesize market, it said that “last week fixing activity in the Pacific was active with one mayor in particular picking up many vessels despite the Chinese being on holiday. Rates pushed up from the mid usd 10´s into the low usd 11´s. As the market got going this week the rates continued with the entrance of other miners to the market pushing the rates further to a high of usd 12.35. Being a premium to the front haul level, something had to happen, and as a result the front haul Brazil/China has risen from usd 26 level to usd 28.50, and looks to move even further. The Index has kept pace with the market and has risen over 14% for the week to 3486. On the period front it has been relatively quiet as the paper (derivatives) market has not reflected owners´ expectations” said the report.
In a separate market report, Shiptrade Services mentioned on the Capesize market that the “week began slowly, but market increased as a result of tight tonnage supply in the Atlantic.
In the Atlantic basin, market moved higher since there were some cargoes left since last week, and there was tight tonnage supply. At week’s closing Transatlantic round concluded at USD 36.000 per day, while on the Fronthaul trips, levels concluded at USD 52.000per day.
Activity in the Pacific basin remained at good levels. Indian came into the market, along with South Africa that remains an active area, so Owners had some available options. Rates for Pacific round concluded at USD 22.750 per day basis N.China delivery, while on the Australia/China trade, about 10 vessels got covered at levels between USD 10.60 – 11.25pmt” said Shiptrade.
On the Panamax front it said that the market moved higher as new cargoes emerged the market, but tonnage supply was tight. “In the Atlantic market still remained the driving force, especially the USG, as new cargoes were coming into the market and there was not enough tonnage supply to cover. At week’s closing, rates for Transatlantic round concluded at USD 16.000 per day. On the Front haul trade rates concluded at USD 27.000 per day. Activity in the Pacific was also good as many vessels were ballasting towards the Atlantic, while some fresh cargoes came into the market. At week’s closing, rates for Pacific round concluded around USD 9.000 – 10.500per day basis N.China delivery, or close to USD 11.500per day basis S.China – S.E.Asia delivery. Rates for trips Ex NOPAC concluded at levels around USD 14.000 – 14.500per day basis N.china/Japan range for BPI type vessel (M/V Fortune Clover 77.430/06’)” said Shiptrade.
Similarly, Fearnley’s noted that “after a good last week, levels keep firming up for October loaders in Atlantic where rounds are in the 17´s for T/A and 27 for trip out. Climbing further in the Pacific basin where NOPAC buiz is done above 16k. Monsoon season is over, and India is coming back to the market. With only a few vessels in good position, rates above 20k have been reported on WCIndia/China cargoes. More tonnage is appearing in the Pacific but with a healthy supplement of fresh coal cargoes, levels are expected to keep steady. In Pacific a fairly high amount of short period fixtures has been done above 14k, but most owners seek to charter out their vessel for 4/6 mos only” said the Nordic shipbroker.
As far as the Supramax market is concerned, Shiptrade said that activity remained good in the Atlantic, but Pacific was quiet. “In the Atlantic basin, rates improved with USG region keeping the league. Rates ex USG for trip to East Mediterranean concluded at USD 26.000 – 27.000 per day, while for trips to F.East rates concluded at USD 35.000 per day. The Mediterranean/Bl.Sea market saw rates declining just a bit as there were not so many cargoes available, but only some grains to Egypt mostly.
In the pacific region, we noticed rates sliding as an effect of the Chinese holidays and there were not many parcels available in the market. Most of the available cargoes were for direction India, with fixtures reported at levels around USD 14.000 – 16.000per day basis delivery S.China/S.E Asia range” concluded Shiptrade.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 20 October 11
CAPESIZE - TUBARAO /QINGDAO BEING FIXED AT STRONG US$ 29.75 PMT
Handy
The Atlantic market is quite steady, and market seems to be around the same levels as last week. Fewer fixtures reported though. ...
Thursday, 20 October 11
BRACKEN INTERNATIONAL MINING LISTS ON FRANKFURT STOCK EXCHANGE
Press Release - Bracken International Mining (Code:1BM) listed on the Deutsche Börse’s Frankfurt Stock Exchange today at €1.00 with ...
Thursday, 20 October 11
CAPESIZES, SUPRAMAXES LEAD GAINS FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Struggling to find additional support, but still managing to post gains, the dry bulk market has stabilized itself on higher levels again yesterday, ...
Wednesday, 19 October 11
METALLURGICAL COAL PRICES TO DROP BELOW US$240/TONNE - WOOD MACKENZIE
Wood Mackenzie Says Metallurgical Coal Prices to Drop Below US$240/tonne by Q4 2012 But Long-term Demand Fundamentals Remain Robust
Wood Mackenzi ...
Wednesday, 19 October 11
SUPRAMAX MARKET WAS VERY FIRM LAST WEEK - BRS
With all sectors contributing positively, the BDI ended the week at 2,173 points (+8.6%), its highest level so far in 2011. The BCI stood at 3,587 ( ...
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- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- The University of Queensland
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
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