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Thursday, 02 August 12
DRY BULK MARKET RATES CONTINUE SLUMP AMID SLOWER DEMAND NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market kept on its downward path Wednesday, as the BDI (Baltic Dry Index) kept retreating to new lows. The index was down by 2.12 percent to 878 points yesterday, with the biggest losses occuring in the Panamax segment. Panamaxes lost 2.85Percent, ending the session down to 954 points, with average daily earnings for the vessels ending at $7,612. The capesize index was down 1.09 percent at 1,181 points, with average daily earnings for capesizes, down $192 at $4,358.
According to its latest weekly report, shipbroker Fearnleys commented on the Panamax market by mentioning that it was “yet another quiet week in both hemispheres and rates continue to decline as the tonnage list is growing. There seems to be little hope for change in the coming weeks as fresh business is scarce. The Atlantic market has been more or less inactive with very little transatlantic business being reported. There has been talk of a rail strike in Colombia and business out of S.America and USG has been limited, resulting in the furtherance of the negative movement the last weeks. Baltic rounds have reportedly been done at USD 7500 daily, and charterers are willing to pay high 8000´s for a good vessel for a couple of legs with Atlantic redelivery. Fronthaul was limited as well, but one vessel was fixed with delivery Liverpool for a trip via USEC to India at 17,250 daily. For ECSA/FEast USD 14k+USD 400k was reported. In the Pacific there has also been little activity and owners agree to let their ships go at around USD 8-8250 daily for Nopac RV´s. Aussie/China is fixing around 8500, and Aussie/I”, the shipbroker noted.
In a recent interview with Hellenic Shipping News Worldwide, Mr. Yannis Pachoulis, President of the Hellenic Shipbrokers Association mentioned that he doesn't foresee any great changes till the end of the year, a healthy trend nevertheless. "Of course we are expecting an increase in 4th quarter as it is common in shipping, but nothing extraordinary. The fluctuations of the market will continue and the usual geographical gaps will remain. Shipping as a globalized industry has to be patient, following the international trade market which is showing some optimistic signs, for example the growth of the world trade predicted to reach close to 100 % next 15 years with specific areas like S.America, India, Australia, China, Mexico, African and South East Asian countries expected to play a prime role in future. In the meantime India’s coal imports have already increased during the last three years and expected to have a further increase of approximately 35-36 % in the years to come" concluded Mr. Pachoulis.
Meanwhile, in the Capesize market, Fearnleys noted that «spot levels again head for all-time lows as summer doldrums are setting in for real. It may seem that players´ focus is presently more on London 2012 than minerals trading, and the absence of fresh enquiry is adding further downward momentum in a segment already under severe pressure. As the number of ballasters with uncertain employment prospects steadily increases, average daily earnings drop 12% w-o-w to come in at USD 4350. With USD 10,500 recently done for 4-7 months on 180k dwt/built 2006 delivering Qingdao prompt, also 180k dwt/built 1996 for 4-6 months delivery S.Korea prompt at USD 10k, present lack of FFA support would today only allow for similar period business to be concluded at a 10% discount” said the report.
Finally, in the Handy markets this week, Fearnleys said that “the low summer activity is still prevailing in the Atlantic. We do not see much fixtures concluded, especially on the period side, but still the voyages from the Baltic/Black Sea and USG with destination to the Far East are worth well over USD 20k daily. Nonetheless the average of all index routes is still not that bad compared to other tonnage sizes and is now at USD 10, 697. Pacific market has been quiet. For Indo-India, large eco Supra now fixed at APS USD 8k + BB 120k. Owners also ask for low teen for SE Asia dely but not seeing any reactions. Nopac also fixed bss APS at USD 8k + BB USD 300k. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 8k and ECI-China around USD 5k. RBCT rv fixed at APS USD 9k + BB USD 300k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 10k for large Supra” the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 03 August 12
INDIA - LIGHTS OUT! - SALVA
The Indian power sector hit global headlines this week for all the wrong reasons. Firstly, on Monday, over 350 million people lost power across nort ...
Thursday, 02 August 12
OIL & GAS COMPANIES TO MEET IN MYANMAR FOR UPDATES ON NEW ROUND OF BIDDING AND INVESTMENT POTENTIAL IN UPSTREAM OIL, GAS, AND POWER GENERATION
Press Release - 2nd MOGP Summit (Myanmar Oil, Gas & Power) will convene in Yangon from 3 – 6 September 2012, to unveil new round of biddin ...
Monday, 30 July 12
DRY BULK MARKET TO REMAIN UNDER PRESSURE FOR THE REST OF 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In an interview with Hellenic Shipping News Worldwide, Mr. Yannis Pachoulis, President of the Hellenic Shipbrokers' Association, remains cautiously ...
Sunday, 29 July 12
FREIGHT MARKET MOMENTUM CONTINUES TO WEAK
COALspot.com - The freight market continued to soft this week with all the segments dropped and the BDI fell below 1,000 points and closed at 933 po ...
Saturday, 28 July 12
CAL 2013 COAL SWAPS ARE HIGHER COMPARED TO SEPT 2012 PRICES
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 0.47 percent on Friday (27 July 2012) closing DoD but lost 0.90 ...
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- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
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