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Thursday, 10 May 12
DRY BULK ERRATIC ON LACK OF DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has kept up its erratic behavior as it went down again during yesterday’s session, on a lack of direct guidance in terms of sentiment. The industry’s benchmark, the Baltic Dry Index (BDI), was down by nine points yesterday to 1,156 points, with most ship types retreating. The most losses were recorded from the Panamax market, which was down by 51 points to 1,390. At the same time, the Capesize and the Supramax markets were marginally down by 3 and 4 points respectively. The Baltic Capesize Index reached 1,628 points, while the Supramax Index ended yesterday’s session to 1,115 points. By contrast, the Handysize market was the only one which managed to keep up its pace, up by two points to 606 points.
In its latest weekly report, shipbroker Fearnleys said, referring on the Capesize market that “although still at levels covering little more than operating expenses, spot earnings improved by some 35% w-o-w. All or most of it is attributable to a healthier supply/demand balance for early positions in Atl - T/A business in particular. Atl rounds are up 100% to some USD 8200 on the back of tight prompt tonnage supply, whilst fronthaul levels are up only some 15% as a steady flow of ballasters from F.East keeps feeding this trade with more than sufficient tonnage. Nominal levels for the WAust/China conference trade are unchanged at an uninspiring USD 7.50 pmt, and only reduced bunker prices bring values for Pac rounds up 20% to USD 6750 - still a loss-making level for most ships. As usual when spot improves with support of paper, period activity has been substantial - exemplified by 170kdwt/blt 2001 S.Korea spot done for 4-6 months at USD 11750, 170kdwt/blt 1999 N.China mid May for 11-13 months at USD 11700, and 151kdwt/blt 1995 China prompt for 11-13 months at USD 10k said Fearnleys.
On the Panamax front, the shipbroker stated that there was a “lack of fresh grain cargoes from ECSA is taking the market down in a rather steep decent for Atlantic fronthaul candidates and ballasters from the Pacific. 17 + 700 APS achievable mid-week. Transatlantic rounds are also coming off the mid teen level for the same reasons; lack of fresh requirements. In the Pacific some more Indonesian coal is not enough to prevent a sliding tendency as NOPAC and Aussie buiz is slower. Rounds are now under 10,000. Activity level is decreasing and sentiment losing confidence short term in both hemispheres, well supported by a falling forward curve» stated the shipbroker.
As far as the Handy markets were concerned, the report mentioned that Atlantic market kept fairly stable, with fresh requirements fetching the spot tonnage. Skaw-Passero positions fixed around USD 5k for T/A shipments, while US Gulf fixtures were hovering around USD 20k for Cont direction. Fronthauls fixed same levels as last week, with fixtures reported at USD 17-18k levels. Pacific market has been weak and falling. For Indo-India, large eco Supra can fetch close to USD 11k bss N.China . Nickel ore cargoes are not seen in market anymore due to on-going Indo ban which has again taken away cargoes and putting pressure on market. Nopac also fixed around USD 10k dop Japan. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 10k and ECI-China around USD 7k. Some ECI Supras have been ballasting to pick up Indo cargoes as well. RBCT rv fixed at APS USD 11k + BB USD 350k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 11k for large Supra said Fearnleys.
Regarding the newbuilding market, Fearnleys noted that it was a slow newbuilding market with only 5 contracts to report over the last week, all being Dry Bulk vessels. The South Korean Dongbu Group is behind the order of 4 Handysize Dry bulk vessels contracted at STX Dalian. Niovis Shipping of Greece has returned to Japan´s Mitsui ordering one 66,000 dwt Dry Bulk vessel. This is a new designed wide-beam and low draught version being able to compete with Panamaxes in draught-restricted ports. Hence, the slow order intake this week, yards are reporting continued interest and enquiries for MR and LR2 tankers and we expect to see more orders in these segments in the coming weeks.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 15 May 12
POTENTIAL BOOM OF CHINAS COAL IMPORTS COULD PROVIDE FURTHER SUPPORT TO DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been moving sideways during the past week with the industry’s benchmark, the Baltic Dry Index (BDI) losing 0.53% on th ...
Saturday, 12 May 12
THE SHIPPING MARKET IS UNLIKELY TO SEE A REBOUND ANYTIME SOON - VISTAAR SINGAPORE
COALspot.com - The BDI softened this week and it was down by 1.64 pct closing at 1,138 points.
The cape index was up by 2.41 pct closing at 1,61 ...
Friday, 11 May 12
POLITICAL CHANGES COULD LEAD TO TEMPORARY HALT IN SHIPPING INVESTMENTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The potential of changes of political leadership in many of the world’s leading economies could very well lead to significant shifts in the di ...
Wednesday, 09 May 12
COAL INDIA SIGNS FSAS WITH 13 POWER UNITS SO FAR - PTI
Press Trust of India has reported that, coal India has so far entered into fuel supply pacts with 13 power units, including Reliance Power's Rosa P ...
Tuesday, 08 May 12
DRY BULK MARKET LOOKING FOR NEW DIRECTION THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the BDI (Baltic Dry Index) the main benchmark of the dry bulk shipping industry not traded at the start of this week, traders, charterers and s ...
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- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Planning Commission, India
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- The University of Queensland
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Marubeni Corporation - India
- Deloitte Consulting - India
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
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