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Thursday, 26 April 12
DRY BULK CARRIERS RENTER FLEET AFTER IDLING, ON MARKETS RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market seems to be back on track, not only solidifying the gains of the past couple of weeks, but also racing to new heights, recuperrating the losses experienced since the start of the year, which saw the Baltic Dry Index (BDI), a benchmark used to track rates and market sentiment, retreat to near record lows. Yesterday, the BDI was once again up by 1.88% to 1,137 points, in essence erasing this year’s losses, fuelled by the surge in demand for Panamax vessels, as well as for Supramaxes. The Panamax Index was increased by 3.93% to reach 1,692 points, while the Supramax one was also up by 1.87% yesterday, to end the session to 1,087 points. By contrast, the larger in size Capesize-type vessel, was on the weak side for once more, losing an additional 0.46% on the day to reach 1,514 points.
In its latest weekly report, shipbroker Fearnleys noted that “the Panamax market took a good jump this week with rates firming up in both hemispheres. Rumours has it that India increasing coal imports with about 15 million mt and China increasing coal imports due to the biggest price gap in 20 years between domestic and foreign coal. There are increased coal shipments in both hemispheres and the grain season is still fairly active out of ECSA. Typical Tarvs with Continent delivery are now being fixed at around 17/18k. Fronthauls with same delivery are fetching low 20´s while the Pacific rounds are being fixed at low/mid teens. The period market is still somewhat active with takers there for short period around 12k and 1-year at around USD 11k” said Fearnleys.
In a separate note, Shiptrade Services said that “The week started with a positive sentiment in Atlantic with more cargoes firming up especially grains ex ECSA to Far East where rates were raised by around USD 3,000 compared to last week ending up at USD 21,000. Also the transatlantic was increased significantly closing the week at USD 13,500 making owners reluctant to leave the Atlantic basin. On the Pacific, market showed some more positive sentiment with trips ex NOPAC fixed at USD 10,000 while the round was at USD 11,250. The positive of the market in Atlantic led owners to pursue backhaul trips with levels of USD 12,000. Periods were done at above USD 11,000 and in some cases even more”.
Moving on to the Handy/Supra market, Fearnleys noted that “with more cargoes entering the market the numbers of idle ships was quickly reduced and rates peaked rapidly. Skaw-Passero deliveries concluded close to USD 5k for US Gulf direction, while US Gulf positions fixed around USD 19k for trips to Cont. Fronthauls were paid USD 16.5k-17k daily. The Pacific market remained steady with nickel ore and coal enquiries. Indo rounds now fixed at USD 18k basis Singapore delivery. Nickel ore rounds are also getting premium and have seen vessels fixed at USD 12k basis dely North China. WCI & ECI iron ore to China was quiet, however rates from WCI was around USD 12k and from ECI USD 8k. RBCT-India on voyage is around low 20s. Red Sea fertilisers to India fixed in high teens. Short period activity was limited and nothing much seen but ideas were around 12k” said the shipbroker.
Furthermore, commenting on the Capesize market, it mentioned that “the week has been very predictable. Out of West coast Australia, a couple of new cargoes every day fixed at last done levels around USD 7.70. Last done however is USD 7.60 - and one done at USD 8.00 pmt, but for early dates. Saldanha to China has been hovering around USD 14.50 and Tubarao/Qingdao still around the USD 21 mark. It has been done one fixture for 1-year this week at USD 12,000. Time being this is the rate owners are asking for short period, not in line with present FFA values, and consequently lack of period fixtures” concluded Fearnleys.
In its note Shiptrade stated that “In the Atlantic basin, the oversupply of tonnage in the area did not affect dramatically the rates with the fronthaul closing at USD 25,000 levels, been slightly decreased by USD 500. The transatlantic round trip closed last week at USD 3,750 levels, a down fall of USD 325. Same pattern applied at Tubarao/Qingdao route which was fixed at USD 21.25 for early May. In the Pacific market, Australia iron ore trade kept covering some, but not enough, of the large volume of tonnage resulting in slightly decreased rates fixed at USD 7,90 pmt than USD 8,00 last week. The Far East round trips decreased at USD 6,000 a USD 750 reduction from last week. Period activity remained at same levels than last week at USD 13,000 for one year” it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 01 May 12
VIETNAM FEARS IT MAY NOT SEEK COAL SUPPLIES - TBKTSG / VIETNAMNET BRIDGE
TBKTSG / VietNamNet Bridge reported that, with five coal-run thermopower plants under construction, PetroVietnam alone would need 18 million tons of ...
Sunday, 29 April 12
THE FREIGHT MARKET EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The BDI continued to go up with the support of Panamax/Supramax and was up by 8.34 pct closing at 1,156 points.
The cape index was ...
Sunday, 29 April 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS FOR MAY 2012 DELIVERY WAS STABLE THIS WEEK
COALspot.com - Indonesian sub-bituminous coal swaps for May deliveries stable this week, according to DSP of SGX AsiaClear OTC Coal Swaps. In the me ...
Friday, 27 April 12
BUKIT ASAMS NET INCOME UP 14% IN 1Q 2012 (UNAUDITED)
Press Release - PT Bukit Asam (Persero) Tbk, announced the Consolidated Financial Statements and Subsidiaries per 31 March 2012 (Unaudited).
Reve ...
Thursday, 26 April 12
AUSTRALIAS COKAL EXPANDS MET COAL POTENTIAL INTO WEST KALIMANTAN
COALspot.com - Global metallurgical coal group Cokal Limited (Cokal) (ASX:CKA) announced today it has completed the acquisition of 75.2% of PT Silan ...
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- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- The University of Queensland
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
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