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Thursday, 20 September 12
DRY BULK INCHES FORWARD AFTER WEEKS OF BELOW PAR PERFORMANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has started to revive from its ashed, as the past couple of days, traders have reported an increased activity from China, resulting in higher earnings for larger Capesize vessels. As a result, yesterday, the BDI (Baltic Dry Index) was up by 3.59 percent, reaching 722 points. The Baltic’s Capesize Index (BCI) was the biggest gainer, as it was up by an impressive 7.16 percent to 1,421 points. As a result of this, average daily earnings for Capesize vessels, typically used to transport coal and iron ore to China, reached $5,896, increased by $890 on the day. Traders and charterers indicated that China is on the process of iron ore restocking, as a result of higher steel prices.
According to Fearnley’s latest weekly report, commenting on the Capesize market, the shipbroker mentioned that “finally activity and rates picked up pretty good, as rates for west Australia to China improved from USD 7 to 7.35 and then to 8 in three days. The latter was for early dates, but still sending positive signals. For front haul, the index is presently at USD 19.50 - with owners rating around the 20 mark. And short period, which last week was fixed at USD 8000/low USD 8000, is presently USD 9000 (last done)” the report said.
By contrast, on the Panamax market, the Baltic’s Panamax Index was once again down by 1.27 percent to a mere 428 points, with oversupply of vessels being the key reason here, plaguing the market. As a result, average daily rates for the 60,000-70,000 vessels are now just $3,723 according to the Baltic Exchange.
Fearnley’s said on the Panamax market that it was “another week with softening rates in the Atlantic. Owners looking to cover their positions for an RV are now facing levels below USD 2k. These levels are well below Opex and some owners are reluctant to even do this and dropping anchor hoping to catch a big tuna instead. Front hauls are being fixed around 11-12k. In the Pacific, however, some positive remarks where rounds now are being fixed at ard USD 5k. China officials have announced approvals for a USD 100 billion stimulus package involving 25 new subway lines and thousands of kilometres with new high ways. This could lead to improved shipments of iron ore and coal for the future and might be what we are waiting for” the shipbroker noted.
On the Handy markets (Supramax and Handymax/Handysize vessels), Fearnley’s stated that “not a bad week for Supramax tonnage, if we compare Supramax developments to the bigger size tonnage. The rates have basically remained unchanged this week and only the front haul voyages from Baltic/BlSea were valued bit less by the comparison to last week numbers. Scrap cargoes from Baltic and Cont to East Med paid decent money at around USD 14/15k/day. USG to FE stems were paying in the region of 18,500/day. Average of TC routes finished at USD 8840, what a remarkable number compared to Panamax average. Pacific market became firm since last week with more cargoes and tight tonnage for spot cargoes. Indo-India rounds were around USD 12k bss Singapore dely. Nopac rounds were fixed at USD 8k dely dop Japan. Indian iron ore activity was quiet. WCI-India rounds were done at USD 7k and ECI-India was fixed at USD 5k. RBCT rounds were done at USD 8k + BB 250k bss APS. Red Sea fertilisers were fixed in high teens. Short period rates for large eco Supra were around USD 9k” the report said.
On a similar note on the Supramax size, Piraeus-based shipbroker Shiptrade & Services had noted that “Supramax market remained rather steady in low levels as the BSI index closed at 834 increased by 2 points than last week. Transatlantic rounds were seen closing at USD 4000 levels whilst there were some fixtures ex USG basis delivery Continent at USD 12000 levels. Most fronthaul trips were fixed at USD 15000 levels. In the pacific basin, market was surprisingly improved a little due to lack of spot positions. Thus we saw some fixtures for Indonesian rounds basis delivery Singapore at USD 10000 levels. NOPAC rounds were seen closing at USD 8000 levels basis DOP Japan. India as far as iron ore market is concerned, remained quite with fixtures ex India to China were closed at USD 7000 and USD 5000 for WCI and ECI respectfully. Red Sea fixtures with fertilisers to India were closed at USD high teens. Short period also remained quite with some fixtures at USD 8000”.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 19 September 12
CHURCHILL STRENGTHENS LITIGATION TEAM WITH APPOINTMENT OF NICHOLAS SMITH AS MANAGING DIRECTOR
COALspot.com - Churchill Mining PLC (AIM: CHL) has announced that, Mr Nicholas Smith has joined the board of the Company and has been appointed as t ...
Wednesday, 19 September 12
DRY BULK TERMINALS SINGAPORE
Press Release - Dry bulk terminals are used all around the world to handle large quantities of bulk materials, like minerals, grains, etc. In today& ...
Tuesday, 18 September 12
JORC CODE REVISION - EXPOSURE DRAFT RELEASED FOR COMMENT
COALspot.com - The Australasian Joint Ore Reserves Committee (JORC) has today released for public comment the exposure draft of the JORC Code (2012) ...
Monday, 17 September 12
YEAR TO DATE, BUMA PRODUCED 231.1 MILLION BCM OF OVERBURDEN
COALspot.com - PT. Delta Dunia Makmur Tbk has removed 31.5 million bcm (+6.0 percent YoY) overburden in August 2012 totaled 31.5 million bcm ( ...
Sunday, 16 September 12
GLOBAL LOW DEMAND ; INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS DIP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 1.345 percent W-O-W on Friday, 14 September 2012, closing but gai ...
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- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Economic Council, Georgia
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- The University of Queensland
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
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