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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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Friday, 02 December 11
DRY BULK CARRIERS BACK IN THE SPOTLIGHT AS MARKET SPEEDS UP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the tanker and container markets suffering dearly, it seems that the tide has once again turned in favor of the dry bulk carriers, despite over ...
Tuesday, 29 November 11
SOUTH AFRICAN COAL INTO CHINA, THE ACTIVITY WAS SLOW - BRS
Capesize
The Capesize market in Atlantic stayed pretty firm last week with transatlantic rounds being fixed in the high twenties. Sentiment was les ...
Tuesday, 29 November 11
GOLDEN GATE BRIDGE OF INDONESIA COLLAPSED AT KUKAR, EAST KALIMANTAN
COALspot.com - A suspension bridge in Indonesia’s east Kalimantan province over the Mahakam river collapsed on Saturday, killing at least elev ...
Tuesday, 29 November 11
BUKIT ASAM SCOUTS RP3 TRILLION PROFIT - INSIDER STORIES
The state-controlled coal miner PT Bukit Asam Tbk (PTBA) expects to post a Rp3 trillion net income this year, reaching its target which is 50% above ...
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 pullin ...
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- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Posco Energy - South Korea
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- The University of Queensland
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Australian Coal Association
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
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