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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, 22 November 11
ABM INVESTAMA SETS IPO AT RP 3,750
Insider Stories reported that, Integrated energy company PT ABM Investama Tbk has determined the IPO price at Rp3,750 (approximately US$ 0.415) per ...
Tuesday, 22 November 11
A SURPRISINGLY STRONG WEEK FOR THE CAPES - BRS
Positive gains for most of the segments this week, the exception being the Handysizes. Overall the BDI ended the week at 1,895 points (+3.3% week-on ...
Tuesday, 22 November 11
APPETITE FOR DRY BULK VESSELS SLOWS DOWN AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was down at the beginning of the week, as demand for Capesize vessels was particularly low. The industry’s benchmark, the ...
Monday, 21 November 11
CAPESIZES DRIVE MARKET LOWER, ANALYSTS DIVIDED ON DRY BULK OUTLOOK IN THE LONG RUN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market ended the week on a sour note, with the industry’s benchmark heading downwards to 1,895 points, which represented a slight ...
Sunday, 20 November 11
THE FREIGHT MARKETS EXPECTED TO BE FIRM NEXT WEEK - VISTAAR
COALspot.com - The market continued to move up with all sectors gaining except for handy size.
The BDI was up by 3.26 pct and closed at 1895 poin ...
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- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- White Energy Company Limited
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
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