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Thursday, 03 November 11
DRY BULK MARKET OFFICIALLY IN THE RED ON LOWER CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market kept falling yesterday, on lower iron ore demand, which has caused the industry’s benchmark, the BDI (Baltic Dry Index) to plunge to more than one-month lows, ending the session down to 1,859 points, or by 2.77%.
All shipping segments were down yesterday, with the Capesize market sustaining the biggest losses by 3.23%. The Panamax market was down by 1.20%.
According to the latest report from Shiptrade Services, after the previous weeks’ steady increase, the market turned downwards with Capesizes suffering the most. Commenting on the Capesize market, it mentioned that “the week began positively, but lack of cargoes in the Pacific forced Owners to lower their levels, or start ballasting towards the Atlantic.
Atlantic basin was active, with good cargo volume mostly coming ex Brazil.
Rates for Transatlantic rounds concluded at USD 34.000 per day, while on the Fronthaul trade, rates for trips to F.East, levels concluded at USD 49.000 per day. On the Tubarao/Qingdao trade rates were fluctuating between USD 30.00 – 30.50 pmt but week’s closing rates softened as an effect of the ballasters from the Pacific.
Pacific basin was quiet due to the absence of the iron ore majors but Owners could see a few alternative cargoes ex S.Africa / W.Canada. Rates softened, and at weeks closing, rates for the Australia/China trade concluded at USD 11.00pmt, while on TCT basis, rates for Pacific round concluded at USD 25.000 per day basis N.China delivery” said Shiptrade.
In a separate report Fearnley’s said that “after a relatively long period with improving rates, the Cape market experiences a correction mid last week. Rates kept dropping throughout this week, with West Australia/China being done just bellow usd 10 pmt. Tubarao/Qingdao was done last week around usd 32 pmt, the lowest done this week is just below usd 25 pmt. The drop in spot rates has resulted in less period activity with chrtrs aiming around mid teens, a level perceived to be of non interest to the owners. The rest of the week is remained to be quiet with Eisbein going on in Germany” said the report.
On the Panamax front, the Nordic-based shipbroker it said “fair activity with mineral requirements in the North Atlantic from USEC and Baltic catering for healthy levels as market is tight for prompt loaders. Fixing levels in the 20´s for Baltic rounds, upper teens for TA rounds. Less activity and weakness in the USG and ECSA from an increasing number of
ballasters appears from the Med and Far East. Levels for trip out hovering in the 26 + 600 range basis APS. In the Far East activity is low, tonnage lists grow, and rates are under downward pressure. NOPAC rounds 12500, period activity scant. The general sentiment is losing confidence from a slow and descending forward market” said Fearnley’s.
Shiptrade Services mentioned that “Panamax rates dropped slightly since the cargo volume was not enough to cover the available tonnage. In the Atlantic basin, the USG market remained the driving force, especially for the Fronthaul cargoes with fixtures at USD 26.500+650.000 GBB basis APS USG. Rates for Transatlantic round remained at USD 17.500 - 18.000 per day. In the Pacific basin activity remained flat with many Charterers waiting for rates to drop further. At week’s closing, rates for S.China/S.E.Asia positions interested for
Indonesia round, concluded at USD 14.000 – 14.500 per day. Positions at N.china/Japan range interested for trips ex NOPAC could get USD 13-14.500 per day” said Shiptrade.
On the Supramax trades the Piraeus-based shipbroker mentioned that “the market followed the same trend, with less cargoes and rates dropping. In the Atlantic basin, we could notice a decrease in the number of cargoes, but some areas were more attractive. In the USG region rates for trip to continent/East Mediterranean remained steady close to USD 30.000 per day, while for trips to F.East fixtures reported at USD 38.000 per day.
On the Mediterranean/Bl.Sea market, rates for trips to F.East held around USD 24 - 25.000per day, while rates for trips to USG were between USD 9 -10.000per day. On the ECSA region, vessels concluded at rates close to USD 18-19.000per day + 400.000 ballast bonus basis APS ECSA delivery for trips to F.East, and for trips to Continent/Med rates concluded at USD 16-17.000per day. In the pacific basin, rates dropped, as there were not many cargoes from Indonesia, and many Charterers preferred not to move and see how the market will proceed.
Some fixtures concluded to direction India but levels were fluctuating between USD 8.000 – 11.000per day. On the other hand, for the N.China positions, a few cargoes ex NOPAC remained an attractive solution at rates of USD 12.000per day (M/V Prabhu Jivesh 50956 / 02’)” concluded the shipbroker.
Source: Nikos Roussanoglou, Hellenic Shipping
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Sunday, 09 October 11
FREIGHT MARKET ENDED WITH A POSITIVE DIRECTION - VISTAAR
COALspot.com - The market ended with a positive note with all the segments up except for handy size. The biggest gainer was Panamax index up by 11 p ...
Saturday, 08 October 11
INDONESIAN MINER PLANS $167M IPO TO FUEL SUMATRA COAL BOOM - JG
The Jakarta Globe reported that, coal miner Atlas Resources aims to raise as much as Rp 1.5 trillion ($167 million) in an initial public offering to ...
Friday, 07 October 11
MINING REGULATIONS , OBSTACLES AND GROWTH : INDIA VS INDONESIA - SUNIL K KUMBHAT
COALspot.com - The Govt of India has passed long pending Mines & Minerals (Regulation and Development) Bill, 2011, which seeks to replace ...
Friday, 07 October 11
$100M FOR EXPANSION INTO KALIMANTAN MINING: AKR
The Jakarta Globe, one of the leading English news paper in Indonesia reported that, AKR Corporindo, a fuel and chemical distributor, has set aside ...
Thursday, 06 October 11
REALM SECURES 51% OF KATINGAN RIA COAL PROJECT IN CENTRAL KALIMANTAN
•Realm secures 51% of PT Katingan Ria Thermal Coal Project in Central Kalimantan
•Realm takes ownership of Kalres Limited
•Acquisit ...
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- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- PTC India Limited - India
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
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