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Friday, 26 October 12
DRY BULK MARKET FALLS ON WORRIES THAT RECENT RALLY WILL BE SHORTLIVED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market retreated yesterday as a result of a plunge of the Capesize dry bulk carriers' segment, after their latest rally. As a result, the industry's benchmark, the BDI (Baltic Dry Index) was down by 1.89% yesterday to 1,088 points. The Baltic's Capesize Index gell by 2.2% to 2,530 points. Accordingly, average daily rates for Capesizes were down to $17,848 yesterday. Panamaxes were also down yesterday, with the respective index losing 2.14%, while average daily earnings retreated to $6,589. Similarly, ax ships were down $41 at $7,443.
According to the latest weekly report from shipbroker Fearnleys, in the Capesize market, "West Australia/China rates jumped into the 11s whilst Tubarao/Qingdao has been done close to 25 pmt. Although at the end of the week, the top seems to have been reached for now - but still too early to say and owners doing a good job in maintaining the expectations for further improvements. A good number of period fixtures lately, at steady levels. Last done for one year is 13750 for good spec/Nov delivery" it said.
Explaining the latest Capesize surge, Commodore Research said in a note that "Capesize fleet growth has slowed considerably during the last few months which has helped create an environment where availability has become significantly tighter. In August, the capesize delivery total matched the amount of Capes that were scrapped from the market (8 new Capes were added, 8 old Capes were removed). In September, the capesize market grew by a net addition of only 6 vessels (16 new Capes were added; 10 old Capes were removed). In comparison, during several previous months this year, the capesize fleet had grown by a net addition of as many as 28 vessels" it said.
The US-based consultant added that "Capesize spot availability also began to become much tighter during the last two weeks of September, due to a surge in Chinese demand for imported iron ore cargoes. A total of 61 capesize vessels were chartered to haul iron ore during the Weeks Ending September 21 and September 28, which was a weekly average of 30.5 capesize iron ore fixtures. In comparison, the rest of this year had seen an average of only 15 capesize iron ore fixtures surface each week. The jump in fixtures and rise in capesize port congestion and waiting times have created an environment wher capesize availability is much tighter and rates have been able to surge as expected.
On the Panamax front, Fearnleys reported that "the market is suffering, unaffected by the recent Capesize rally, Chinese stockpiling and stimulus packages. Volumes are thin and levels are falling in the Atlantic apart from a few pockets for transatlantic coal and Continent fronthaul showing strength. Voyage terms calculate well below the T/C index averages around mid 5k for T/A mid-week. Fronthaul activity from ECSA is limited at levels just above 13k + 300k GBB APS. Grains from USG keep moving at USD 46 pmt or 15500 + 550K GBB. Speculations on export bans from Ukraine may add ton-miles and fuel to freight levels on this trade. In the Eastern hemisphere, a steady stream of Indonesian coal has kept the market fairly active and balanced. Nopac rounds are done in the 7k range vs Indo rounds closer to 6k. Short period activity limited, although a Kamsarmax fixed 4-7 months at 7k/day" it said.
Finally, on the Handy/Supramax front, Fearnleys report noted that "the Atlantic market remained weak with more supply of ships. USG-FEast rounds fixed at USD 18k and trips from Cont-Med were about USD 11k. The Pacific market remained firm with steady flow of cargoes in the market. Indo-India rounds were fixed at USD 12k bss Singapore. Nopac rounds were fixed at USD 7k dop Japan. The Indian Iron ore activity remained dead and rates for WCI-China were USD 6k and ECI-China USD 5k. Red sea fertiliser cargo fixed to India in high teens. RBCT round fixed bss APS at USD 8k + BB 250k. Short period activity remained active and rates were around USD 10k" it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 09 November 12
SHIP OWNERS TURN TO SECOND HAND VESSELS, WHICH COME AT ATTRACTIVE PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The attractiveness of modern second hand vessels, which are often priced aggressively can't be ignored by cash-rich ship owners, who are taking adv ...
Thursday, 08 November 12
LARGE ECO SUPRA : INDO - INDIA NOW FIXED AT USD 11K FOR DELIVERY SINGAPORE - FEARNLEYS
Handy
The Atlantic market continues to remain weak with rates further softening on FH. Rates from USG to Feast were around USD 14k and Black Sea to ...
Thursday, 08 November 12
DRY BULK MARKET RETREATS AGAIN ON HIGHER SHIP SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In further evidence of a latest round of dry bulk shipping misery, the industry's benchmark fell for the 11th straight session yesterday, as the in ...
Thursday, 08 November 12
JOIN CHINA STEAM COAL SUPPLY - DEMAND FORUM
Join China Steam Coal Supply-Demand Forum & Visit Shenhua Yudean Zhuhai Port Coal Terminal
Press Release - Organized by CBI BIZ and suppo ...
Wednesday, 07 November 12
NEWBUILDING ORDERING ACTIVITY ON A STEADY PACE PRIOR TO THE END OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Newbuilding orders, which to many involved in the shipping industry, are the main reason of today's low freight rates and subsequent financial prob ...
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Showing 4511 to 4515 news of total 6871 |
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- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- The University of Queensland
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
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