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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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Tuesday, 30 October 12
NEW BUILDING ORDERING ACTIVITY KEEPS ON RETREATING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners have refrained from placing any new orders of vessels during the course of the past few days, according to shipbroker reports. According ...
Monday, 29 October 12
US COAL EXPORTS ARE EXPECTED TO REACH 125 MILLION TONS THIS YEAR - EIA
COALspot.com - US coal exports are expected to reach 125 million tons this year, surpassing the old record of about 113 million tons set in 1981, sa ...
Sunday, 28 October 12
SUB-BIT INDONESIA COAL SWAPS (FOB ) FOR DECEMBER 2012 DELIVERY STAYED FLAT D-D
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery flat on D-D but gained 0.38 percent on W-W on Friday, 26 October 2012, ...
Sunday, 28 October 12
INDONESIA TO INDIA SUPRAMAX FREIGHT MARKET FAIRLY STEADY - VISTAAR
COALspot.com - The Cape size sector continued to remain active with iron ore movement being steady. All other sectors were down.
The BDI was up b ...
Friday, 26 October 12
SHIPPING MARKETS HEADING FOR DIVISION AND MULTI-TIER WILL BECOME THE NORM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It seems that something is expected to be fundamentally different in the way that the shipping markets will be operating in the future, according to ...
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- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Parliament of New Zealand
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- The University of Queensland
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Planning Commission, India
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- PTC India Limited - India
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
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