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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 pulling higher and the BDI (Baltic Dry Index) ending up by 0.11% to 1,809 points. As mentioned, Capesizes edged forward to rise by 1.12% to 3,083 points (Baltic Capesize Index), bringing the average daily rate up to $26,196. By contrast, the Panamax market balanced out – in a large part – this increase, with the Panamax Index falling by 1.34% to 1,770 points. Similarly, Handysizes have kept on being weak, with the relative index standing now at just 664 points, shedding an additional 0.63%.
In its latest weekly report, Paris-based shipbroker Barry Rogliano Salles (BRS) said that the Capesize market in the Atlantic stayed pretty firm last week with transatlantic rounds being fixed in the high twenties.
Sentiment was less optimistic towards the end of the week. There were a few Fronthauls from Saint Laurent, also fixed at firm levels, which kept the Atantic market reasonably with TC equivalents hovering around the US$50,000 mark. On the Pacific front, the market was a bit less active and pacific rounds were negotiated in the low/very low twenties time charter equivalent. West Austr-r/v were being fixed at 10.80 level for December lifting and for prompt requirements, rates reported were closer to US$12 pmt mark. South African Iron ore stems into china were reported being fixed in the mid-high US$19’s pmt.
For South African Coal into China, the activity was slow as the Chinese stockpiles figures are on the high side. There was also some short period activity with large 180,000t units being fixed in the US$17,500/ 18,000 for a year and roughly same levels for short period said BRS in its report.
Meanwhile, on the Panamax front, the shipbroker noted that it was a fairly lackluster week all in all with the Panamax 4TC closing at US$14,431, coming off just a touch - US$109/day w-o-w. We saw a marginal drop if US$56/day in the Atlantic w-o-w and US$695 in the Pacific whilst FH nudged up US$568/day. Even though tonnage remained tight the Atlantic took a downturn as negative sentiment prevailed due to a clear lack of fresh cargoes entering the market and limited fixing taking place. The FH remained steady over the front end of the week with a few fixtures being reported including a 2001 built Panamax at US$27,000, which equated to a BPI equivalent of about US$28,300, however by end of the week the momentum of the past weeks had eased. The Pacific softened throughout the week as open tonnage climbed on top of limited cargoes in the market placing further downward pressure. Future prices also declined over the week with modest volumes prevalent overall. December and Q1 contracts lost 1.7% and 2.5% respectively, while Cal12 fell away 3.5% w-o-w. The period market remained steady however relatively inactive with very few reported fixtures. 3-5 months was done at US$12,500 levels and 4-6 months was close to US$14,000 said BRS.
Finally, on the smaller ship sizes of the Supramax/Handy markets, the report mentioned that the general impression was that the epidemic on rates in the East was fast drifting towards the Atlantic. This was slightly noticed in the ECSA market were a 58,000t spot achieved abt US$14,000 +BB from Ecsa to the continent while a similar size got US$12,000 from west Africa to the Black Sea. The US Gulf still maintained strong levels for vessels willing to go East as a 58,000t got about US$32,500 and a 52,000t saw abt 27,000 to the East Med. The Far East Market still witnessing a bottomless pit with modern ships going for a barely US$8,500 for an indo –China and same numbers was seen for indo-India trips. So far not that much improvement in the market to bring back the smile on owners faces. The Market still remain pretty much unattractive for the smaller sizes as a 30,000t went at US$6,000 for a Singapore-West Africa trip. An Imabari 28 went at US$5,000 for a Pacific round trip. The US Gulf a consoling Zone for the owners as we noticed an 34,000t going at abt US$19,000 for a trip to the continent and similar size saw US$16,000 for continent west Africa voyage. Some owners manage to hide from the cyclones faced in the spot market and gave out their ships for period which how ever paid significant premium over the spot market. A 53,000t went at US$12,500 for a 3-5 months period and similar number for a 56,000t that was fixed at about US$12,000 for a 4-6 months period. It was even more lower for the smaller sizes with a spot modern 33,000t going at about US$7,800 for 4-6 months period concluded BRS.
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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- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- The University of Queensland
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- PTC India Limited - India
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Planning Commission, India
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
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