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Thursday, 22 December 11
DRY BULK MARKET KEEPS LOSING TRACTION AHEAD OF HOLIDAY SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market kept retreating in the middle of the week, as charterers seem to be looking towards the holiday season and the start of the new year, in order to proceed with new dry bulk orders. As a result, the industry’s benchmark, the BDI (Baltic Dry Index) fell once again on Wednesday to 1,856 points, down by 1.17% on the day, with Panamaxes erasing the previous gains and losing 2.16% on the day. The Baltic Panamax Index now stands at 1,720 points. Similarly, demand has thinned out for Capesizes, with the respective index falling by 1.09% yesterday to 3,526 points. Supramaxes were unchanged, while the demise of the smaller Handysizes wasn’t about to end yesterday.
Commenting on the Panamax market, shipbroker Fearnleys said in its latest weekly report that “limited fresh business appearing in both hemispheres as Christmas is getting closer, causing the market to slide slowly. As the majority of December cargoes have been cleared out and the list of open positions is growing, expectations for the coming days and weeks are not over enthusiastic. 15k for TA, 25k for trip out, and 11k for Pacific rounds represents market levels this week. 2011 seems to end where it started, with a BPI on about 14000 and on a downward trend. Fluctuating from lowest 10372 Feb 2nd to highest 17115 March 11th the year is about to close with an average BPI also at 14000. With a descending forward curve passing 11500 for 2012 it may be highly relevant to wish all market participants a Merry Christmas and a Happy New Year!” said Fearnleys.
On a similar note, Piraeus-based shipbroker Shiptrade Services mentioned that in the Atlantic basin “we saw fresh cargoes in the market, and few vessels were fixed for short period, a few transatlantic round with coal via USEC, and in the Mediterranean a few round trips with grains ex Bl.Sea. At week’s end, rates for Transatlantic round concluded at USD 15.900 per day, while on the Fronthaul, rates concluded at USD 26.000per day, or close to USD 26.000 + 600.000 ballast bonus basis APS USG. In the Pacific basin Owners were also unwilling to drop their rates as some fresh cargoes ex NOPAC or Australia emerged into the market. Many fixtures were reported at levels of USD 10.000 – 11.500 per day basis N.China delivery for a trip via NOPAC, while rates for trip ex Australia concluded close to USD 12.000 per day” said Shiptrade.
Referring to the Capesize market, Shiptrade stated that Atlantic basin is getting quiet, but Pacific remained active. Rates in the Atlantic started to ease since there was not much of activity. Rates for trips to F.East concluded at USD 55.000 per day, while rates for Transatlantic round concluded close to USD 32.000 per day. Fronthaul market was also quiet but some fixtures concluded around USD 29.50 - 30.50pmt basis Tubarao/ Qingdao.
Pacific basin seemed to be a bit active with Iron ore majors covering about 10 vessels. At week’s end, rates for the Dampier/Qingdao trade concluded around USD12.00 pmt. On TCT basis, rates for Pacific round concluded at USD 31.500 per day basis N.China delivery.
Panamax: Market moved upwards across both basins, as Owners seemed reluctant to reduce their levels and held their position” said Shiptrade.
Meanwhile, Fearnleys mentioned that the Cape market has remained strong in the near term, but sharply dropping off for slightly forward dates. “Spot Pacific vessels have commanded high premiums with an extreme high of USD 17.20 being paid, for West Australia to China, at the end of last week for very tight dates. End December cancelling has demanded USD 14.50, while second half January is being fixed at a much lower USD 11.25. January front haul positions are very tight with few or no ballaster, and recent rumours indicate rates for Brazil/China being paid well over USD 30.00 (perhaps even USD 32.00). The one-year period market has now been done at a new high of USD 18500. Although the curve has moved, the sentiment is still pessimistic and the forward market is discounted heavily” said the shipbroker in its report.
On the Supramax front, Shiptrade said that “rates remained steady accoss both basins. In the Atlantic basin, still USG region still is the best place to be as rates for trip to continent/East Mediterranean remained 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 around USD 18.000 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 mid 20’s per day even though there were not so many cargoes available. Pacific basin saw rates stabilising and some fixtures reported at very good rates, since both Charterers and Owners were looking to cover their vessels/cargoes prior Christmas. 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 a few cargoes ex NOPAC, and one or two fixtures reported at USD 7.000per day + 400.000 ballast bonus basis APS” concluded Shiptrade.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 03 July 13
NEWCASTLE COAL EXPORTS DIP 24.79 PER CENT WOW
COALspot.com - Newcastle Coal exports fell 24.79% to 2.33 million tons WoW.
Newcastle port in Australia has loaded 2,332,513 tons of coal for the ...
Monday, 01 July 13
12TH CLEAN COAL FORUM INDONESIA 2013
Press Release: Produced by CDMC Events, The 12th Clean Coal Forum Indonesia 2013 will be held on Dec 5-6,2013 in Jakarta, Indonesia. It will generat ...
Monday, 01 July 13
INDIA AND CHINA STILL DOMINATING THE INDONESIAN THERMAL COAL EXPORT MARKET
COALspot.com: Indonesia, the world's largest multi types coal exporter shipped 35.83* million tons of coal in May 2013, 1.40 per cent l ...
Sunday, 30 June 13
YEAR 2014 INDO SUB-BIT COAL SWAPS EXPECTED TO STAY BELOW 2013 LEVEL
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average August 2013 delivery have gained 0.08 percent on a day lost on week ...
Sunday, 30 June 13
CAPESIZE RATES SEEN INCREASING ON HIGH DEMAND - VISTAAR
COALspot.com - The BDI continued to rise and saw a big gain on Friday. BDI increased 14 per cent week ended 28 June 2013, closed at 1171 points driv ...
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- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- The University of Queensland
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
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