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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, with the industry’s benchmark, the BDI (Baltic Dry Index) ending the session at 2,140 points, up by 0.19%.Capesizes led the market, with gains of 0.64% to 3.473 points for the Baltic Capesize Index (BCI), while supramax carriers were also on a high note, ending up by 0.31% to 1,612 points. By contrast, a relative weakness was evident in the Panamax segment of the market, with the BPI retreating by 0.62% to 2,086 points. It seems though that the market has finally retrieved its lost modus operandi, when amid the crisis, panamaxes were steadily earning more than the larger Capesizes.
Commenting on the Capesize market, shipbroker Shiptrade Services said that “in the Atlantic basin the fronthaul trade experience the higher increase, as rates pushed higher USD 2 pmt on the Tubarao/Qingdao trade, and eventually concluded at USD 28.80 pmt. Rates for Transatlantic rounds concluded at USD 36.000per day, while for trips to F.East, levels concluded at USD 51.000per day. Activity in the Pacific basin remained at good levels, as we could see cargoes ex Australia, India, S.Africa and Indonesia. Rates for Pacific round concluded at USD 30.000 per day basis N.China delivery, while on the Australia/China trade, about 15 vessels got covered at levels fluctuating between USD 11.25 – 12.75pmt” said Shiptrade.
Regarding the Panamax market it said that it continued to firm in both the Atlantic and Pacific. In the Atlantic basin, the USG market still remained the driving force, especially for the Fronthaul cargoes with fixtures reported at USD 27.000+700.000 GBB basis APS USG. There were not so many enquiries for Transatlantic round but still rates managed to increase. At week’s closing, rates concluded at USD 17-18.000per day.
Activity in the Pacific was also good as there were many coal parcels ex Indonesia and Australia, and many enquiries from NOPAC. At week’s closing, rates for S.China/S.E.Asia positions interested for Indonesia round, concluded at USD 16.000per day. Positions at N.china/Japan range interested for trips ex NOPAC, or Australia could get USD 15.000per day.
As far as the Supramax market is concerned, Shiptrade mentioned that “in the Atlantic basin, rates improved with USG region keeping the league. Rates ex USG for trip to continent/East Mediterranean concluded close to USD 30.000 per day, while for trips to F.East fixtures reported at USD 35.000 per day. The Mediterranean/Bl.Sea market was a bit quiet, but rates increased as an effect of the increase in the USG. Grains/ferts/steels ex Bl.Sea to F.East remained at USD 25.000per day, while rates for trips to USG were between USD 7-9.000per day. We noticed many cargoes ex ECSA mostly to destination F.East, and rates USD 22-23.000 basis W.Africa deliver, or USD low/mid 20’s + 450-500.000 GBB basis APS. Rates for trips ex W.Africa via Brazil to Continent/Med concluded at USD 16.000per day.
Rates in the pacific region followed the trend, with many Owners preferring to cover their vessels for short period at rates between USD 15-15.500per day, rather than keeping them in the spot market. Those who preferred to remain on the spot market, were looking for cargoes ex Indonesia to direction India at levels around USD 15-16.000 basis S.China/S.E.Asia, or USD 12-13.000 basis delivery N.China/Japan. On the other hand, for the N.China positions, the cargoes ex Nopac remained an attractive solution at rates of USD 14 -15.000per day” concluded Shiptrade.
The recent dry freight market rally had been driven by firmer coal and iron exports from Australia and Brazil to China, which boosted the larger capesize market. Coal imports into Japan have also picked up. Manufacturing in Australia had been disrupted earlier this year by floods, while Japanese industrial raw materials import demand had been affected by an earthquake in March that crippled a nuclear plant and threw Japan's economy into disarray.
"We believe lower (iron ore) prices are supportive for price sensitive Chinese buyers and would keep imports at robust levels given the steel demand/price does not deteriorate materially," RS Platou Markets said, in a quote from Reuters. To this extent, Vale’s remarks that it would consider lowering iron ore prices, could very well signal some of the best news dry bulk ship owners have heard these past few weeks.
Source: Nikos Roussanoglou, Hellenic Shipping
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Monday, 24 October 11
CAPESIZE RENTAL RATES RISE FOR THIRD DAY AS MORE SHIPS HIRED - HELLENIC SHIPPING
Rates to hire capesize vessels advanced for a third day on signs of increased demand to transport iron ore, used to make steel.Daily rates for the s ...
Sunday, 23 October 11
CHINA LOOKING TO RESELL INDONESIAN COAL CARGOES - BARCLAYS
Commodity Online reported that, Anecdotal evidence has suggested that China is even looking to resell Indonesian cargoes back into the seaborne coal ...
Saturday, 22 October 11
THE SHORT-PERIOD RATES FOR PANAMAX REMAINED FIRM - CAPT. REDDY
COALspot.com - "The market seemed to slow down a bit this week, and all sectors were down by about One to five percent", said Capt. Reddy, ...
Saturday, 22 October 11
WILL THE PROPOSED 26 PERCENT PROFIT SHARING CLAUSE IN THE MINING BILL SPEED UP THE PRODUCTION OR SCARE AWAY INVESTORS? - DIPESH DIPU
A draft law has been approved by a ministerial panel headed by Finance Minister Pranab Mukherjee of India which, if passed by the Cabinet, will make ...
Saturday, 22 October 11
INDONESIA'S GOLDEN ENERGY SLASHES ITS IPO PRICE - THE JAKARTA GLOBE
The Jakarta Globe reported that, Golden Energy Mines, a coal mining company affiliated with Sinar Mas Group, lowered its target in an initial public ...
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- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Deloitte Consulting - India
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Planning Commission, India
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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