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Saturday, 12 November 11
DRY BULK MARKET REGAINS SOME OF THE LOST GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market managed to edge forward yesterday, putting an end and halting the losses accumulated over the course of the past weeks, which have seen the market’s benchmark, the Baltic Dry Index (BDI) reaching a seven-week low.
Yesterday the BDI ended at 1,802 points, up by 43 points. The main reason for this recovery was a rise of the Capesize market, by 170 benchmark points to 2,993, with average daily rates reaching $45,000. Still, all other market segments were down yesterday.
Referring on the Capesize market, shipbroker Fearnleys said that the “market spiraled downwards last week and remained quiet on Monday due to a holiday in Singapore. Rather than depressing the market further, the lull in fixing in the Pacific enabled the owners to show more resistance, and the Index stopped falling. The spread in time charter return for the front haul vis-a-vis the Pacific round voyage could not be maintained and several uncovered prompt front haul cargos secured a renewed confidence in the market resulting in an increase in the rates. There is some speculation that the increase in the Pacific activity we have seen is on the back of an increase in the iron ore prices, which have fallen considerably in recent months. There has been very little activity on the period market this week” said Fearnleys.
In a separate report, Piraeus-based shipbroker Shiptrade Services said in its weekly analysis that the “week began same as last week ended, with lack of cargoes in the Pacific, forcing owners to lower their levels or start ballasting towards the Atlantic, which affected the rates in that region too. Rates for Transatlantic rounds concluded at USD 29.000 per day, while on the Fronthaul trade, rates for trips to F.East, levels concluded at USD 41.000per day. On the Tubarao/Qingdao trade rates were under pressure as an effect of the ballasters from the Pacific, and at week’s closing rates concluded at USD 24.00 pmt.
In the Pacific basin, the iron ore majors came into the market again, but the cargo volume was not enough to cover all the available tonnage, even though there were some coal cargoes ex S.Africa or W. Canada, and soon Owners began competing in order to find business. At weeks end, rates for the Australia/China trade concluded at USD 9.75pmt, while on TCT basis, rates for Pacific round concluded at USD 18.000 per day basis N.China delivery” said Shiptrade, commenting on the Capesize front.
On the Panamax market, Shiptrade said that “rates slightly dropped as the available tonnage started building up and could not see many new cargoes. In the Atlantic basin, the USG market remained the driving force, but seems like it started loosing steam. Rates for trips ex USG to F.East concluded at USD 26.000+600.000 GBB basis APS USG, while for trips to East Mediterranean fixtures reported at USG 15.750per day + 375.000GBB. Rates for Transatlantic round concluded at USD 17.000, and rates for Fronthaul trips concluded at USD 25.000per day. In the Pacific basin activity remained low without many coal cargoes ex Indonesia, and those Charterers who had firm requirements were 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 12.500 – 13.000per day. Positions at N.China/Japan range interested for trips ex NOPAC fixed at rates of USD 11-12.000per day” mentioned Shiptrade.
Regarding the Supramax market, it followed the same trend, with less cargoes, but some areas were more attractive. In the USG region rates for trip to Continent/East Mediterranean remained steady close to USD high 20’s per day, while for trips to F.East rates concluded at USD low 30’s per day. On the Mediterranean/Bl.Sea market we could see grains/fertilizers/steels going to USG or Continent, and Charterers wanting to pay around USD 7.000 per day. Cargoes ex Continent to USG or ECSA were willing to pay around USD 10.000per day, while rates for trips to East Mediterranean were around USD 10.000 per day.
Pacific basin experienced a poor week with rates dropping for all directions, and still many Charterers preferred not to move. Some fixtures concluded to direction India but levels were fluctuating between USD 8.000 – 10.000 per day. On the other hand, for the N.China positions, a few cargoes ex NOPAC concluded at rates of USD 11.000 per day” said the report.
Finally, on the Handysize front, Shiptrade said that rates also kept sliding. “In the Atlantic region we could see the usual cargoes from East Mediterranean/Bl.Sea to F.East at rates around USD low 20’s per day, while for trips to USG or ECSA rates were at USD 5-6.000 per day. Ex ECSA there were not many cargoes available, or not many cargoes firm and Owners thinking to ballast to other directions. In the Pacific basin, market remained quiet and tonnage building up with many vessels spot in N.China. There were some parcels of steels or cement/clinker at levels around USD 4-5.000 per day” concluded Shiptrade.
Source: Nikos Roussanoglou, Hellenic Shipping
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Sunday, 08 January 12
THARPAK CONSORTIUM FORMED TO DEVELOP MEGA ENERGY COMPLEX IN SINDH PROVINCE, PAKISTAN
Press Release: On January 5th, TharPak, LLC met with officials of the Embassy of Pakistan in Washington DC to introduce and announce the formation o ...
Saturday, 07 January 12
COAL MARKETS SEE FALLING SPOT PRICES
COALspot.com – World’s thermal coal spot prices have slipped this week..
globalCOAL index in Newcastle Port, benchmark for Asian mark ...
Friday, 06 January 12
COAL INDIA LINKED COAL PRICES WITH INTERNATIONAL COAL PRICES
COALspot.com - Consumers of indigenous coal in India to pay International prices in the future. Coal India has recently moved from UHV pricing mecha ...
Friday, 06 January 12
CLARIDEN GLOBAL BRINGS YOU INDONESIA MINING 2012
Capitalizing Business & Investment Opportunities in an Uncertain Market.Press Release - Clariden Global brings you Indonesia Mining 2012, the dedi ...
Friday, 06 January 12
THE PANAMAX MARKET EXPERIENCED A SLOW START TO 2012 - FEARNLEYS AS
Handy
As usual after a holiday owners and charterers both try to get a feel of the market. An Armada of Supras were talking to ballast towards USG, ...
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- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- The University of Queensland
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Minerals Council of Australia
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