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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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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 Wednes ...
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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- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- PTC India Limited - India
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
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