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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, 18 November 11
MMTC SEEKS 1.365 MMT OF IMPORTED COAL
COALspot.com - India's MMTC, the largest trading company of India and a major trading company of Asia, has issued a term supply tender for 1.365Mt ...
Friday, 18 November 11
KPC, ARUTMIN OUTPUT REACHED 47.1 MIO TONS - INSIDER STORIES
PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia, reported 47.1 million tons of coal production in 9M 2011, according to Indiser Stories.
Insi ...
Friday, 18 November 11
THE ATLANTIC SUPRAMAX MARKET EXPERIENCED A STEADY AND FIRM TENDENCY
Handy
The Atlantic Supramax market experienced a steady and firm tendency this week. Especially the North Atlantic and Mediterranean position ...
Friday, 18 November 11
BERAU COAL 9M PROFIT SOARS 194.46% - INSIDER STORIES
Insider Stories reported that, PT Berau Coal Energy Tbk (BRAU), which is 84.7% owned by Bumi Plc, reported a 194.46% jump in net profit by end of Se ...
Thursday, 17 November 11
DRY BULK MARKET INCHES FORWARD AND INTO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged higher yesterday, on the back of stronger demand for Capesize vessels and general improvement of sentiment on most of the ...
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- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- MS Steel International - UAE
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
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