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Thursday, 01 December 11
DRY BULK MARKET RISES TO NEW HEIGHTS ON RENEWED DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has kept on rising this week, with the industry’s benchmark, the Baltic Dry Index (BDI) climbing to 1,846 points on Wednesday, up by 0.98%. Most notably, after a week of not much to cheer for, Capesize owners have now seen their vessels fetching rates of one-month high, with the Baltic Capesize Index (BCI) rising by an impressive 3.13% yesterday to reach 3,298 points.In its latest weekly report, commenting on the Capesize market, shipbroker Fearnleys said that "it has been a more active week with improving rates. It has been mainly spot activity in the Far East which has resulted in positive index every day. RTS, BHP and FMG all were in demand for early ships for West Australia to China and present levels are presently in the mid/high USD 12s. This has also resulted in improved fh rates; Tubarao/Qingdao presently in the low USD 28s. It is expected we are presently in the beginning of the last rush before Christmas, the question is for how long it will last" said the shipbroker.
Still, up until Monday it was a slow start with not much activity across both basins. According to a separate report from Shiptrade Services, "the Atlantic basin was not very active and levels softened, especially for the Transatlantic round. Rates for Transatlantic rounds concluded at USD 27.000per day, while on the Fronthaul trade, rates for trips to F.East, concluded at USD 48.000per day. On the Tubarao/Qingdao trade rates also dropped and eventually concluded at USD 27.25pmt. In the Pacific basin, there was higher level of activity from the Atlantic with the iron ore majors fixing around 10-12 vessels, and rates for the Australia/China trade fluctuating between USD 10.75 - 11pmt. On TCT basis, rates for Pacific round just slipped a bit and concluded at USD 20.750 per day basis N.China delivery" said the shipbroker.
Panamaxes were underperforming on Wednesday with the BPI (Baltic Panamax Index) losing an additional 1.31% on the day, to 1,727 points. Fearnleys noted that τhe Panamax market has experienced a steady but slow decline in rates since last week. In the Atlantic we see a steady flow of new cargoes entering the market, but to the same extent a growing list of available tonnage to lift same. Seems owners are more reluctant to take their vessels to the Feast and thus the Fhaul rates are picking up to the region of USD 26k while the Tarvs are being fixed in region of USD 15/16k. In the Pacific we still see a good amount of Aussie and Indonesian coal, but the list of available tonnage out numbers the cargoes, thus the rates are still slipping. Pac rounds are being fixed around 10/11k. The period market has been more active lately with some good longer period fixtures being reported. Levels are ranging between USD 12k and 12.5k depending on size and delivery for 12 months period” said the shipbroker.
Similarly, Shiptrade noted that after a week of improved activity, market turned into a negative sentiment. In the Atlantic basin there were not many fresh cargoes in the market and some Owners preferred to fix their vessels for 2 laden legs, while there were also some vessels ballasting towards USG. At week’s end, rates for trips ex USG to F.East concluded at USD 26.000+700.000 GBB basis APS USG, while on the standard Fronthaul rates concluded at USD 25.800per day. For those who preferred to remain in the Atlantic, rates for Transatlantic round concluded at USD 16.500per day. In the Pacific basin there were not many Indonesian coal cargoes and the available tonnage looking for employment was building up. Some stems ex Australia and Nopac came up and fixtures reported at USD 12.000 per day basis N.China delivery. Some vessels in S.China/ S.E.Asia claimed that they were holding USD 13.000 for one trip via Indonesia with coal” said Shiptrade.
Finally, on the Supramax front, the broker mentioned that “in the Atlantic basin, still USG region pays the most with rates for trip to continent/East Mediterranean remaining at USD mid/high 20’s per day, while for trips to F.East fixtures reported at USD low/mid 30’s per day. Rates for trips ex Continent/ Bl.Sea to F.East were around USD mid/high 20’s per day.
Pacific basin saw rates decreasing as there was not so much cargo volume to cover the tonnage supply, and soon the available cargoes covered. 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 around USD 8.000per day, while a few Owners willing to develop Indonesia round with coal could see around USD 4-5.000 per day” concluded Shiptrade.
Source:Nikos Roussanoglou, Hellenic Shipping
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Thursday, 20 October 11
BRACKEN INTERNATIONAL MINING LISTS ON FRANKFURT STOCK EXCHANGE
Press Release - Bracken International Mining (Code:1BM) listed on the Deutsche Börse’s Frankfurt Stock Exchange today at €1.00 with ...
Thursday, 20 October 11
CAPESIZES, SUPRAMAXES LEAD GAINS FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Struggling to find additional support, but still managing to post gains, the dry bulk market has stabilized itself on higher levels again yesterday, ...
Wednesday, 19 October 11
METALLURGICAL COAL PRICES TO DROP BELOW US$240/TONNE - WOOD MACKENZIE
Wood Mackenzie Says Metallurgical Coal Prices to Drop Below US$240/tonne by Q4 2012 But Long-term Demand Fundamentals Remain Robust
Wood Mackenzi ...
Wednesday, 19 October 11
SUPRAMAX MARKET WAS VERY FIRM LAST WEEK - BRS
With all sectors contributing positively, the BDI ended the week at 2,173 points (+8.6%), its highest level so far in 2011. The BCI stood at 3,587 ( ...
Wednesday, 19 October 11
ADARO ACQUIRES BUKIT ENIM ENERGI - INSIDER STORIES
Insider Stories reported that, Coal miner PT Adaro Energy Tbk, via its subsidiary dubbed PT Alam Tri Abadi, today revealed a 46% stake takeover of a ...
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- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- The Treasury - Australian Government
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Minerals Council of Australia
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- PTC India Limited - India
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
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