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Thursday, 29 March 12
DRY BULK EDGED FURTHER UP, ON HEALTHY DEMAND FOR MOST SHIP TYPES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 With capesize vessels finally reappearing in demand, the dry bulk market had an easier task of rising yesterday, as the BDI (Baltic Dry Index) reached 922 points, up by 0.55% on the day. The Capesize market gained 0.52% to reach 1,361 points, while small gains were also evident in the Panamax segment (0.48%) and the Handysize one (0.35%). By contrast, the Supramax market, which had been leading the gains so far and is now at levels higher than the Panamax one (which is another abnormality of the market), retreated marginally yesterday to reach 1.054 points.
Commenting on the Capesize market, shipbroker Fearnleys said in its latest weekly report, issued yesterday, that “although spot fixing has increased significantly over the last week, it is worthy of notion that same has had little or no effect on levels paid. Major miners have booked numerous prompt units for both WAust and Brazil, but with an extremely overtonnaged market there is always another unit ready and keen to accept last done. The overall trend is drifting ever closer to zero for operators - and already negative value for head owners. With expensive bunkers combined with no short-term hope of improvement, an overwhelming number of ships now pile up around Singapore instead of ballasting towards the west. Softening paper levels are hurting period activity/rates - recent fixtures including 173kdwt/blt 2007 China mid April done for 11-13 months at USD 11k” said Fearnleys.
Similarly, it went on to state that the “Panamax market had a slow week with owners struggling to find employment for their vessels. With a scarce amount of requirements in the market, and the ECSA cargoes still being the main driver. Decent rates can still be achieved, and we´ve seen vessels fixing 17k+ 685k for trip to the F.East on an APS ECSA basis. Limited activity in the east with few fixtures reported. The amount of open tonnage is increasing, however rates are still stable and north Pacific RV´s are paying around USD 8k daily for vessels delivering in North China. Aussie/China is fixing around USD 7k, and Indo rounds around USD 8-8.5k. India/China is fixing around USD 13K. In the Atlantic, Baltic rounds were reportedly fixing at USD 8k. A few TA fixtures were reported, but little emerged regarding the rates achieved by owners. Seems USEC and USG requirements are covered on an aps basis and USD 10k + USD 325k was reported for a vessel performing a trip from USG with redelivery in the Mediterranean” said Fearnleys.
Regarding the Supramax market, shipbroker Shiptrade Services stated that “in the Atlantic Basin this week started with good omens as many fresh requirements came into the market especially from USG and ECSA. The petcoke charterers are still there as well as the coal players. What changed the market dramatically during this week is the fact that some iron ore cargoes from West Africa offered employment to vessels who opened there after discharging steels and bagged commodities. This sent ballasters from West Med to ECSA and consequently rates were dramatically improved from USG and ECSA respectively. We learnt that 57,ooo dwt vessel got 17,000 dop Turkey for trip to East. In the Pacific basin the market remains firm and the rates from Indonesia to India closed at USD low-mid teens region basis delivery South China. Nickel ore charterers , had to to pay a premium so supramax vessels able to carry Nickel ore could definitely get mid teens bss delivery South China for trips back to the North of China” it said in its report.
On the Handy front according to Fearnleys, “Atlantic market kept more or less stable throughout last week, with fresh cargoes able to short the list of idle ships. Cont/US Gulf fixed tick above USD 4k, while US Gulf/Cont paid close to USD 17,500. Fronthauls hovering around USD 14,400 per day. Pacific market has remained quiet but steady. For Indo-India, large eco Supra can fetch close to USD 22k basis APS Indonesia. Premium cargoes like nickel ore are also seen fixed at USD 13k dely North China. Nopac fixed around USD 11k dop Japan. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 11k and ECI-China around USD 8k. Some ECI Supras have been ballasting to pick up indo cargoes as well. RBCT rv fixed at APS USD 13k + BB USD 400k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates are around USD 12k for large Supra” concluded Fearnleys.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 30 March 12
RECOND NUMBERS SURROUNDING THE SUPRAMAX DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Last year proved to be both a record year in the number of deliveries of dry bulkers between 40,000dwt and 64,000dwt, as well as a record year in th ...
Thursday, 29 March 12
ADARO FY11 NET INCOME JUMPS 124% - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk (ADRO) today announced a 124% jump in net income to US$552 million last year or US$0.017 a share. ...
Wednesday, 28 March 12
CUESTA HAS RECEIVED APPLICATIONS AND FIRM BIDS IN EXCESS OF $9 MILLION FOR THE COMPANYS IPO
COALspot.com - The Directors of Cuesta Coal Limited (ASX:CQC) have announced that today it has received applications and firm bids in excess of $9 m ...
Wednesday, 28 March 12
ORPHEUS ENERGY TO COMMENCE JORC DRILLING AT ADK PROJECT
COALspot.com - Indonesian coal explorer and producer, Orpheus Energy (ASX:OEG), have today announced that the company is about to commence a drillin ...
Tuesday, 27 March 12
DRY BULK MARKET KEEP RISING FOLLOWING THE SAME TREND OF LAST WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum this week, on the same reasons of those last week. That is, the smaller ship types are still on the ris ...
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- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Central Electricity Authority - India
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
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