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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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Thursday, 22 December 11
RI WILL NOT PLAY CATCH-UP WITH GLOBAL COAL DEMAND - THE JAKARTA POST
The Jakarta Post reported that, the International Energy Agency (IEA) has predicted in its Coal Market Report 2011 that over the next five years, gl ...
Thursday, 22 December 11
DRY BULK MARKET KEEPS LOSING TRACTION AHEAD OF HOLIDAY SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept retreating in the middle of the week, as charterers seem to be looking towards the holiday season and the start of the new ye ...
Tuesday, 20 December 11
THE COAL IMPORT INTO CHINA WAS QUIETER AS COAL STOCKS WERE AT HIGH LEVELS - BRS
The BDI ended the week at 1888 points (-1.8%), the BCI corrected to 3572 (-3.4%), the BPI was up at 1,775 (+3.6%), the BSI dropped to 1193 (-3.0%) a ...
Tuesday, 20 December 11
INDIA IMPORTS 66.41 PERCENT MORE COAL FROM INDONESIA LAST MONTH - SOURCES
COALspot.com: Indonesia, the world largest coal exporter, shipped 33.476* mln mt of coal in November, which is slightly higher than its Octobe ...
Monday, 19 December 11
KOPEX COMMITS ADDITIONAL ONE MILLION DOLLAR FOR PT TRANSCOAL MINERGY
COALspot.com - Mining contractor Kopex has agreed to extend a further US$1 million to finance the remainder of the expanded drill program at PT Tran ...
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Showing 4921 to 4925 news of total 6871 |
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- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Videocon Industries ltd - India
- The University of Queensland
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
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