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Thursday, 30 August 12
DRY BULK MARKET STILL LOOKING OUT FOR BETTER DAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 With things in China moving slowly this week, as a result of holidays, it’s no surprise that the latest positive trend in the dry bulk market was put on hold. Yesterday, the BID (Baltic Dry Index), the industry’s benchmark was down by 6 points to 718 points, with the Panamax market facing the most downward pressure. The relative index (BPI) was down by 24 points to 788, while almost any other ship market was also on the downside, with the exception of the Supramax one, which was practically unchanged. The main gainer from last week’s rally, the Capesize market, was down by 5 points and still unable to bring itself to any meaningful recovery.
In its latest weekly report, Fearnleys commented on the Capesize market, that a week-on-week improvement in daily earnings of more than 20% would under normal circumstances be remarkable, but when basis is around usd 2700 it hardly raises eyebrows. The last few days have seen a micro-rally caused by Australian miners paying up to replace tonnage delayed by bad weather, and a certain optimism has been evident also for the Brazil/China iron ore trade on speculations that chinese mills will take advantage of falling iron ore prices. Fundamentals generally remain unchanged, however, and present spot average value of usd 3300/day still covers less than half of daily running costs. Despite this, majors keep picking short period tonnage, although at ever lower levels - recently exemplified by 177000 dwt/built 2007 delivering china prompt for 4-7 months at usd 8k/day said the shipbroker.
In a separate report, shipbroker Shiptrade & Services noted on the Capesize front, that «the downwards trend continued at the beginning of the week although slightly improved at the middle-end of the week with the BCI closing at 1124 increased by 29 points and the 4 TC routes ending up at USD 2,927. In the Atlantic basin, rates remained steady at low levels with the fronthaul trips ending up at USD 18,500, same levels as last week, while the transantlantic round trips fixed at USD 2,750 reporting a modest increase of USD 250. The same sentiment applied in the pacific market with the Australian iron ore trade producing cargoes, but not enough in order to cover the oversupply of tonnage at the area. In this respect, round trips fixed at USD 3,750. Period activity fixed around at USD 9,000 levels for one year it said.
Meanwhile, in the Panamax market, Fearnleys noted that bank Holiday in London on Monday did not help the already bearish sentiment in the Panamax market. It was an extremely quiet start to the week and rates are continuing to slip in both hemispheres. We see the commodity imports to China slowing further and experienced several cargoes failing subjects due to not closing the sale it self. Mid week we see some more cgos in the Atlantic but the number of vsls are still outnumbering the cargoes. Tarvs are being fixed in region of Usd 5k while Fhauls are being fixed at around Usd 15/16k with Cont delivery. In the Pacific rounds are being fixed at ard the same levels as in the Atlantic ie 5k. The period market is non excisting with levels that can be achieved are too low for owners to even consider it said in its report.
Concluding its weekly analysis, Fearnleys said on the Handy markets that «the Supra market continued its negative trend with little fresh business entering the market. Continent positions fixed around USD 4k for trips to US Gulf, and USD 17500-ish for east redel. The US Gulf market kept more stable and fixed in line with last week, at low USD 11k towards Continent.
Pacific market remained quiet due to lot of ships available. For Indo-India, large eco Supra now fixed at USD 7k for dely Singapore. Nopac also fixed bss APS at USD 7k + BB USD 250k. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 7k and ECI-China around USD 5k. RBCT rv fixed at APS USD 7k + BB USD 250k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 9k for large Supra it stated.
Source: Nikos Roussanoglou, Hellenic Shipping
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Saturday, 01 September 12
PANAMAX FREIGHT RATES UNDER PRESSURE FROM LOW DEMAND - VISTAAR
COALspot.com - This week the freight market was weak with mixed results.
The BDI was down by 1.95 pct closing at 703 points, however there was so ...
Friday, 31 August 12
ADVERSE SHIPPING MARKET CONDITIONS SHORTENS LIFE SPAN OF VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The adverse conditions which have been put in place in the world's freight markets, means that ship owners are forced to scrap vessels of a much yo ...
Thursday, 30 August 12
INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 7K FOR DELIVERY SINGAPORE - FEARNLEYS AS
Handy
The Supra market continued its negative trend with little fresh business entering the market. Continent positions fixed around USD 4k for tri ...
Wednesday, 29 August 12
COLOMBIA'S MINING BOOM: PART TWO - JOSEPH KIRSCHKE
One of the most prominent casualties of Canada's entry into the Colombian mining sector has been a priest named Jose Reynal-Restrepo. Last Septembe ...
Wednesday, 29 August 12
COLOMBIA'S MINING BOOM: PART ONE - JOSEPH KIRSCHKE
COALspot.com - Colombia stands before one of the potentially largest, most diversified mining booms in the world. Untold reserves of gold, coal, cop ...
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- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- PTC India Limited - India
- White Energy Company Limited
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Planning Commission, India
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
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