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Friday, 10 August 12
DRY BULK MARKET DROWNING FROM TONNAGE OVERSUPPLY - HELLENIC SHIPPING
 The dry bulk market has been overflowing with new building vessels, despite the fact that demand is more or less (and minus the seasonal factors) rising this year. yesterday, the BDI (Baltic Dry Index), the market’s benchmark, retreated by 22 points to just 790 points, flirting with the lowest levels of this year, reached back in February. Supramaxes were the main driver of yesterday’s fall, as the relative index retreated by 40 points to 906. Similarly, all other ship markets were down on the day, with the Capesizes losing 12 points (1,192 points), the Panamaxes retreating by 17 points to 823 and the Handysizes, as always showing smaller volatility signs, losing just 3 points, to 535. What’s more notable is the fact that the dry bulk market has been on a slide for more than two weeks, with most ship owners looking for some respite in the coming weeks through to September.
According to the latest report from shipbroker Fearnleys, in the Capesize market the general trend is for, “more ships and overall lack of cargoes. It was however a minor rush in the middle of the week out of west Australia, resulting in freight rates excess USD 7 pmt for this route as well as creating some positive wibes in the market, but only short lived. Fronthaul remain more or less unchanged, but a lack of fixtures. A couple of fixtures for short period in the low 9,000s” Fearnleys said. Similarly, Shiptrade had earlied noted that “the market dropped throughout the week for capes with the BCI closing at 1200 decreased by 9 points whereas the average of the 4 TC routes fixed at USD 4,346 reporting a reduction of more than USD 300 compared to last week. In the Atlantic basin, the fronthaul trade declined by USD 500 fixing at USD 21,500 mainly due to lack of fresh requirements whilst the transantlantic round trips ended up at USD 4,250 decreased by USD 250. The same negative sentiment in the Pacific basin with the round trips fixed at USD 4,250 levels. The Australian iron ore trade kept playing a determinant role covering many vessels but not enough in order to increase rates. Period activity fixed at USD 9,250 levels, considerably decreased” it mentioned.
In the Panamax market, Fearnleys said that “the holiday season is now seemingly in full swing and we have experienced yet another slow week. Overall the market maintains its slow but steady decline with lack of fresh cargoes and a growing fleet list. Atlantic rounds are now being fixed at 6000 level DOP or on APS basis. Reduced activity also from South American where rounds have been done around 14,000 and 400k GBB. Activity in the Pacific is slow with NOPAC rounds in the 6000 range including Indonesia and Australia business. Period activity is low as the sentiment is suffering from lack of confidence. Short period levels at 8000 and 1 year closer to 9 for efficient and flexible tonnage” the shipbroker said in its weekly report.
Finally, in the Handysize/Supramax markets, Fearnleys stated that “the bearish sentiment is still prevailing in the market, regardless the areas/trades. Now it is only possible to get the rates close to USD 20k daily for the Baltic/Black Sea/USG to Far East voyages only. There is not much available in the USG/Continent route, it is paid less than USD 15k now. Average of TC routes is close to USD 10k, which is still impressive compared to Panamax equivalent. Period activity is scarce, one year employment was fixed at USD 9500 a day. The Pacific market has been falling. For Indo-India, large eco Supra now fixed at USD 5500 for dely mid China. Nopac also fixed bss APS at USD 7k + 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 8k + BB USD 200k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 9500 for large Supra” it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 07 August 12
KRISHNAPATNAM PORT HAS DISCHARGED 122,247 MTS OF COAL IN JUST 24 HRS
COALspot.com - Keeping with the tradition of the new records that are set at the Olympic Games 2012, Krishnapatnam Port has also achieved in setting ...
Tuesday, 07 August 12
THE JAKARTA POST EDITORIAL: REVISITING THE MINING LAW
The Jakarta post, one of the leading English news paper in Indonesia writes in its editorial today, what the domestic and foreign investors had drea ...
Tuesday, 07 August 12
BARAMULTI SET TO LIST ON BOURSE IN Q4 - JP
The Jakarta Post reported that, coal miner PT Baramulti Sukses Sarana is preparing to make its shares available to the public in the fourth quarter ...
Tuesday, 07 August 12
REALM RESOURCES COMPLETES STUDY ON ITS KATINGAN RIA COAL PROJECT
COALspot.com - Realm Resources Ltd. has announced that it has completed the Project Study for the Katingan Ria Project in Central Kalimantan, Indone ...
Monday, 06 August 12
3RD ANNUAL INDONESIA POWER
Press Release - 3rd Annual Indonesia Power is Indonesia’s premier power event, where commercial opportunities and new projects are identified. ...
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Showing 4626 to 4630 news of total 6871 |
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- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Australian Coal Association
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- VISA Power Limited - India
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
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