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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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Friday, 01 June 12
COKAL ACCEPTED ON THE CLEAN AND CLEAR LIST FOR ITS BORNEO BARA PRIMA AND BUMI BARITO MINERAL PROJECTS
- Borneo Bara Prima (BBP) Project confirmed on the Clean and Clear List 9th May 2012
- Bumi Barito Mineral (BBM) Project confirmed on the Clean and ...
Friday, 01 June 12
ADARO BUYS MAJORITY STAKE IN AFFILIATED BHAKTI ENERGI - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk entered into an option to provide a convertible loan of up to US$500 million for a period of 3 ye ...
Thursday, 31 May 12
DRY BULK MARKET UNABLE TO FIND NEW SUPPORT TO REACH HIGHER LEVELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been unable to find new support and recover to higher levels during these past few days. As a result, the Baltic Dry Index ( ...
Wednesday, 30 May 12
ORPHEUS RAISES $2.24M TO ADVANCE INDONESIAN COAL PRODUCTION ASSETS
• $2.24 million raised from a placement to new and existing institutional and sophisticated investors from Australia and overseas
• Funds ...
Wednesday, 30 May 12
ARPENI SECURES TRANSSHIPMENT CONTRACT FROM BARUNA DIRGA
Insider Stories reported that, shipping operator PT Arpeni Pratama Ocean Line Tbk (APOL) has secured a 1-year coal transhipment contract of 4 millio ...
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Showing 4711 to 4715 news of total 6871 |
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- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- The University of Queensland
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Commonwealth Bank - Australia
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