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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, 15 September 11
BOTSWANA COAL AND ENERGY CONFERENCE 2011
Press Release - Botswana Coal and Energy Conference 2011 | 29-30 November 2011 | Gaborone. Botswana represents Africa’s exciting new coal and ...
Thursday, 15 September 11
DRY BULK MARKET EDGING FURTHER UP THE SCALE, CLOSING IN ON 2,000 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was up once again yesterday, reaching 1,927 points, or 1.375 higher on the day. Thus, it has kept its rising trend established d ...
Wednesday, 14 September 11
INDO STRAITS BAGS 2.4 MILLION TON COAL TRANSPORTATION CONTRACT FROM ARUTMIN
COALspot.com - PT Indo Straits Tbk (PTIS) bagged a contract to tranship about 2.40 million tons of coal over an initial period of 6 months fro ...
Wednesday, 14 September 11
DUTA PERTIWI DISCOVERS COAL RESERVE - INSIDER STORIES
Insider Stories reported that, PT Duta Pertiwi Nusantara Tbk (DPNS) yesterday steeply jumped 24.56% to Rp710 a share after the company discove ...
Wednesday, 14 September 11
GOVT SETS SEPTEMBER COAL REFERENCE PRICE AT $116.26 PER TON
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the September 2011 coal reference price at US$ 116.26 per ton slightly ...
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- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Planning Commission, India
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Goldman Sachs - Singapore
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
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