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Thursday, 08 December 11
CAPESIZES LIFT DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Capesize vessels yesterday helped lift the dry bulk market which had been falling since the start of the week on lower cargo demand. As a result the industry's benchmark, the Baltic Dry Index (BDI) was up marginally yesterday to 1,849 points. Capesizes were higher by 0.53% on the day, but apart from that, no other ship type was able to stage a recovery. This has been the case for some time now.According to the latest report from shipbroker Fearnleys, commenting on the Capesize market it said that there were "mixed signals as average spot levels for this segment improve 5% w-o-w to USD 29,600 but struggle to break the USD 30k/day-barrier. Significant Chinese congestion have put Australian miners under pressure to pay up for very prompt positions as ships delay and fall out of schedule - whilst just slightly later positions are ignored or at best valued at more than 5% less. Atlantic appears tight on prompt tonnage, with a resultant USD 31.50 pmt reported concluded for PDM/S.Korea. Paper values support increased period fixing, with relevant conclusions including 170k dwt China prompt for 4-6 months at USD 20k, 177k dwt China prompt for 12-18 months at USD 17k" said Fearnleys.
In a separate report, Shiptrade Services mentioned that "Capesize rates in the Atlantic basin increased as an effect of the improvement on the Fronthaul trips. Rates for trips to F.East concluded at USD 52.000 per day, while rates for Transatlantic round concluded at USD 29.500 per day. On the Tubarao/Qingdao trade rates increased at USD 28.80-29.00pmt.
In the Pacific basin, there was higher level of activity from the Atlantic with the iron ore majors fixing around 12-15 vessels, and rates for the Australia/China trade fluctuating between USD 11.30 – 12.50pmt, while some rumours saying that a few fixtures concluded close to USD 13.00 pmt. On TCT basis, rates for Pacific round also improved and concluded at USD 25.000 per day basis N.China delivery" said the Piraeus-based shipbroker.
Detailing the current state of the Panamax market, Shiptrade Services said that "the week began as previous week ended, with rates moving downwards. In the Atlantic basin there were not many fresh cargoes in the market and tonnage started building up. Many Owners preferred to fix their vessels for 2/3 laden legs at rates around USD 15.500-16.000 per day, 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+600.000 GBB basis APS USG, while on the standard Fronthaul rates concluded at USD 25.000per day. For those who preferred to remain in the Atlantic, rates for Transatlantic round concluded at USD 15.500per day.
In the Pacific basin there were not many Indonesian coal cargoes and the tonnage availability was getting larger day by day. Some vessels in S.China/ S.E.Asia claimed that they were holding between USD 8.000-10.000 for one trip via Indonesia with coal. On the other hand, we witnessed some fixtures reported ex N.China for a trip via Nopac at rates between USD 10 - 11.250 per day, while rumours say that another vessel was fixed USD 12.750 per day basis N.China delivery ( Calipso, 73.691/05’)" said Shiptrade in its report.
Meanwhile, Fearnleys mentioned that "the Panamax market has experienced the same steady but slow decline in rates as 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. Tarvs are being fixed in region of USD 15k while shorter Baltic rounds are being fixed at around 16k. In the Pacific rates are sliding and Indo rounds getting fixed at very low rates and even below USD 10k. The period market has been less active this week with a huge gap between owners and charterers, but some interest has been shown for index linked deals" said Fearnleys.
On the Supramax front, Shiptrade said that the "market in the Atlantic basin managed to remain more or less steady, but activity decreased. Still USG region pays the most with rates for trip to continent/East Mediterranean remaining at USD mid 20’s per day, while for trips to F.East fixtures reported at USD low/mid 30’s per day. Ex Continent, rates for trips to East Mediterranean/ Bl.Sea concluded at USD low 20’s per day. On the Fronthaul trade, rates for trips ex Continent concluded at USD low/mid 20’s per day, while trips ex Bl.Sea via G.O.A concluded at USD very 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, there were not many cargoes ex NOPAC, and many Charterers were offering something around USD 2-4.000 per day for Indonesia round, or something around USD 6-7.000 per day for trip to India" concluded Shiptrade.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 11 January 12
NEWBUILDING ORDERS DECLINE, AS SHIP OWNERS REALIZE OVERSUPPLY WILL "KILL" THEM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With 2012 now underway, it will be rather interesting to see how ship owners will play the "newbuilding ordering" card to their favor, as ...
Tuesday, 10 January 12
THE 4TH DEEPWATER ASIA CONGRESS 2012 WILL KICK OFF ON MAY 23 - 25
Press release - Based on the past three years’ success, SZ & W Group is excited to announce the 4th Deepwater Asia Congress will be held o ...
Monday, 09 January 12
2012: WHAT WILL IT BRING FOR THE DRY BULK MARKET? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A further increase in dry bulk demand could be the remedy for most of the industry's oversupply issues, together of course with the high level of s ...
Sunday, 08 January 12
ICICI OUTLOOK ON INDIAN POWER, MINING,CEMENT, AND SHIPPING SECTORS PERFORMANCE IN 2012
Broking firm, ICICIdirect (India) has come out with report on sectors outlook for 2012. IRIS has collated key highlights for each sector from ...
Sunday, 08 January 12
SUPRAMAX DELIVERY SOUTH CHINA FOR TRIPS VIA INDONESIA WERE REPORTED AROUND $ 7000 PER DAY - VISTAAR
Wish You a Very Happy and Prosperous New year 2012.
COALspot.com - The last report by us was on 16th Dec 2011 and because of holidays this would ...
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- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Aditya Birla Group - India
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Planning Commission, India
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
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