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Thursday, 24 November 11
DRY BULK MARKET KEEPS LOSING STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market was lower once again on Wednesday, with the industry’s benchmark, the Baltic Dry Index (BDI) ending the session down by 1.29% to 1,830 points, still higher than the levels of the past summer. Yesterday, demand was lower for all types of dry bulk carriers, with Capesizes losing 2% and Panamaxes another 0.38%, while downward pressures were also evident on smaller sizes.According to the latest report from Shiptrade Services, despite yesterday’s fall, all in all the Capesize market experienced a positive week. “Atlantic basin was active but most of it was for the Fronthaul trips. Rates for Transatlantic rounds concluded at USD 29.000per day, while on the Fronthaul trade, rates for trips to F.East, levels concluded at USD 54.000per day. On the Tubarao/Qingdao trade rates began from USD 26.40 pmt early week, and eventually concluded at USD 28.00pmt. In the Pacific basin, there was a high level of activity from the iron ore majors but rates. At weeks end, rates for the Australia/China trade concluded at USD 11.00pmt, while on TCT basis, rates for Pacific round concluded at USD 21.000 per day basis N.China delivery” said the Piraeus-based shipbroker.
In a separate report, Fearnleys mentioned that it´s been a trend lately that Mondays starting off extremely quiet, with a negative sentiment. Over the last weeks, however, rates have improved throughout the week. That is not the case this week, with negative index every day. West Australia rv was done at USD 12 by BHP for early ships, whilst index presently is USD 10.9 pmt, approx 0.2 behind actual market. Tubarao/Qingdao is presently at high 27s, the route that has proved to be the most sustainable this week. However iron ore prices are dropping and rates may be expected to drop further said the shipbroker.
On the Panamax market, Fearnleys said that the Panamax market has experienced a steady and firm tendency on volumes and levels this week until Wednesday. Especially the Atlantic market has experienced a rate climb with prompt cgos being covered at more than last done. The reason for the short lived upturn was lack of prompt tonnage and charterers holding back to hit the bottom, just to experience the opposite. The tonnage list is increasing for December dates, and it seems the mid week softening may continue slowly into next week. The TArvs are now being fixed in region of USD 16/17k, front haul at 26k levels. In the Pacific still some healthy fixtures being concluded with Indo coal and also increasing shipments out of Aussie, although a weakening trend. The Pac rounds are being fixed at around USD 12k. A more active period market this week, 1-year concluded in the low/high 12´s depending on design and short periods at around 14k said the report.
Shiptrade Services, referring to the smaller dry bulk ship sizes said that «after a week of declining rates, the Supramax market seemed to be stabilizing. In the Atlantic basin, still USG region pays the most with rates for trip to continent/East Mediterranean remaining at USD high 20’s per day, while for trips to F.East rates concluded at USD mid 30’s per day. On the Mediterranean/Bl.Sea region we witnessed an increase at rates towards F.East at USD low 30’s per day. Cargoes ex Continent to USG or ECSA were willing to pay around USD 10.000per day, while rates for the usual scraps to East Mediterranean were around USD low 20’s per day. Pacific basin saw rates increasing slightly. Positions in S.China/S.E.Asia interested for Indonesian coal to China were fixed at rates around USD 6-7.000per day. On the other hand, for the N.China positions, a few cargoes ex NOPAC concluded at rates of USD 8.000per day” said Shiptrade.
Finally, on the Handysize market, the same stabilizing trend was evident. «In the Atlantic region we could see the usual cargoes from East Mediterranean/Bl.Sea but there were not many vessels in the area. Rates for trips to F.East concluded at 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 Services.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 29 November 11
DRY BULK MARKET BEGINS WEEK ON HIGHER NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Contrary to what had been the case during the past few weeks, this one began on a high note for the dry bulk market, with the Capesize sector pullin ...
Monday, 28 November 11
CITING CONTRACTS, MINING FIRMS ARE NOT PAYING ROYALTIES UNDER LAW - THE JAKARTA POST
The Jakarta Post reported that, when the 2009 Law on Minerals and Coal was endorsed, hopes that Indonesia could maximize its revenue from the minera ...
Monday, 28 November 11
NEW ENVIRONMENTAL MARINE REGULATIONS TO IMPACT SHIPPING IN 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
August of next year will see some major changes for marine navigation. It’s when the North American ECA will come into force, introducing a 1% ...
Sunday, 27 November 11
INDIA'S KPCL TO IMPORT 50 MMT OF COAL FOR 10 YEARS
COALspot.com - Karnataka Power Corporation Limited (KPCL) will buy 5 million metric tonnes of coal annually for 10 years starting from 2015.
In a ...
Saturday, 26 November 11
INDIAN PORTS ARE BECOME COAL STOCKPILES..!!
COALspot.com - The Indian coal stocks and power tariff situation is the hot topic among the world coal producers as well as Indian coal importers.&n ...
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- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
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