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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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Sunday, 17 June 12
S7 & S8 ROUTES ARE LIKELY TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The BDI gained some increase after continues fall for several weeks.
The BDI increased by 47 points (up by 5.36 pct) closing at 92 ...
Saturday, 16 June 12
INDONESIAN SUB-BITUMINOUS COAL & CFR SOUTH CHINA COAL CONTRACT SWAPS ARE UNDER PRESSURE
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for July deliveries seems to be under pressure this week.&nbs ...
Friday, 15 June 12
CAPESIZE - THE LEVELS THAT DID FIX ARE DOWN W-O-W LEVELS - FEARNLEYS
Handy
Another slow-moving market with rates hovering at same level as last week. US Gulf positions fixed USD 25,000 for trips to Cont/Passero and S ...
Thursday, 14 June 12
SMALLER DRY BULK CARRIERS LIKELY TO FACE MORE CHALLENGES; DEMOLITION ACTIVITY SET FOR RECORD YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest update on the dry bulk markets, BIMCO said that China is partly “failing to deliver” on raw material imports that can affe ...
Wednesday, 13 June 12
LOW COAL PRICES COULD CHANGE SUPPLY SIDE DYNAMICS - FITCH RATINGS
Fitch Ratings believes that the weakness seen in thermal coal prices in recent months should reverse once demand from major importers recovers, alth ...
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- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Indian Energy Exchange, India
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Parliament of New Zealand
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
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