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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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Wednesday, 25 April 12
CHINA IMPORTS 9.76 MMT AND INDIA IMPORTS 7.03 MMT OF INDONESIAN COAL LAST MONTH
COALspot.com: Indonesia, the world largest coal exporter, shipped 30.64* million tons of coal in March 2012, compared to 27.12* million tons i ...
Monday, 23 April 12
ALTURA ENTERS INTO AGREEMENT TO ACQUIRE 2 COAL PROJECTS IN SOUTH KALIMANTAN
COALspot.com - Altura Mining Limited (ASX: AJM) has announced that it has entered into an agreement to acquire a further two (2) Mining Permits (IUP ...
Sunday, 22 April 12
THE FREIGHT MARKET EXPECTED TO REMAIN FIRM NEXT WEEK - VISTAAR
COALspot.com - The BDI has broken the psychological barrier of 1000 points and closed at 1067 points.
The cape index was slightly down by 2.48 pc ...
Saturday, 21 April 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS DROP 2.61 PERCENT THIS WEEK
COALspot.com - Indonesian sub-bituminous coal swaps fell for a fifth day, according to DSP of SGX AsiaClear OTC Coal Swaps.
CFR South China Coal ...
Friday, 20 April 12
PANAMAXES LEAD DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A rebound of demand for smaller dry bulk carriers has led the industry’s benchmark, the BDI (Baltic Dry Index) above the 1,000-point mark for ...
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- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Planning Commission, India
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
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