We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 17 November 11
DRY BULK MARKET INCHES FORWARD AND INTO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged higher yesterday, on the back of stronger demand for Capesize vessels and general improvement of sentiment on most of the ...
Thursday, 17 November 11
KOMIPO INVITES BIDS FOR 500K MT OF COAL
COALspot.com - Korea Midland Power Co. Ltd.(KOMIPO) is inviting bids for the supply of 500,000 Metric Tons of minimum 5700 kcal/kg coal of NAR bases ...
Thursday, 17 November 11
INDONESIAN GOVERNMENT PLANS TO ISSUE MORATORIUM ON COAL MINING LICENSE
COALspot.com - Energy and mineral resources ministry is plans to issue a moratorium on the issuance of coal mining licenses, after the anti-graft co ...
Wednesday, 16 November 11
KRISHNAPATNAM PORT BECOMES DEEPEST DRAFT PORT IN INDIA
COALspot.com - Krishnapatnam Port in its quest to be the best port in India has increased its draft to 17.5 meters, according to E-Mail statement fr ...
Wednesday, 16 November 11
CHINA'S INDONESIA COAL IMPORTS RISE IN OCTOBER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31,162,688 MT of coal in October 2011.
China was a largest importer of Indonesi ...
|
|
|
Showing 4976 to 4980 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Australian Coal Association
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Romanian Commodities Exchange
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Marubeni Corporation - India
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- The University of Queensland
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
|
| |
| |
|
