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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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Saturday, 26 November 11
THE FREIGHT MARKETS EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market were down probably with the sentiments of global financial markets and all segments were down.
The BDI was up down by 4 ...
Friday, 25 November 11
DISPUTE BETWEEN GIANT MINING FIRMS ENDS IN LAHAT - THE JAKARTA POST
The Jakarta Post reported that, prolonged dispute taking place in the South Sumatra regency of Lahat and involving two giant mining companies PT Buk ...
Friday, 25 November 11
DRY BULK MARKET LOSING STEAM, FAST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It’s been a week of falls for the dry bulk market this one, leaving ship owners with a sour taste in their mouths, as evidence of a recovery i ...
Thursday, 24 November 11
INDONESIA/INDIA SPMX TC AROUND $ 7/8K AND AROUND $ 12/13.00 PMTS ON VOYAGE BASIS - FEARNLEYS
Handy
Last week ended on a positive note in the Atlantic however the activity levels are somewhat reduced. Owners are asking in excess of USD ...
Tuesday, 22 November 11
NTPC TO BUY 2 MMT OF IMPORTED COAL FOR ITS FOUR PLANTS
COALspot.com - NTPC Limited, incorporated in 1975 as a public sector company wholly owned by Government of India, the largest thermal power generati ...
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- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- The University of Queensland
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- White Energy Company Limited
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