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Thursday, 01 November 12
CAPESIZE RATES FALL, DRY BULK MARKET RETREATS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 It was another lackluster session yesterday in the dry bulk markets, with the industry's benchmark, the BDI (Baltic Dry Index) retreating by 1.63 percent to 1,026 points, still above the 1,000-point mark, but this time ever so close to retreating below it. The Capesize market was down by 1.59% to 2,419 points and as a result, average daily earnings for Capesizes were down by $398 at $16,492. This week has been characterized by the fall in Capesize rates, after the recent surge, which was caused by the rise in iron ore trade activity.
On a similar note, the Panamax index also fell yesterday by 1.26 percent, with average daily earnings down $56 at $6,330. Finally, average daily earnings for handysize ships were down $25 at$6,321, while those of supramax ships were down $116 at $7,085.
Commenting on the Capesize market in its latest weekly report, shipbroker Fearnleys said that "rates are under pressure this week; Front haul has been inactive the entire week. One of the early brazil loaders fixed and failed last week at usd 24, 50 - and later refixed usd 22,50. West australia has been active for early dates, with fixtures excess USD 11 pmt for ely nov loading. However disapointing to see ships being failed end of this week for this trade. There is certainly a stand off in the period market still, with rates softening along with the spot market" Fearnleys said.
On the Panamax front, the shipbroker added that "we hoped for some positive effects in the Pmax market after last weeks rally in the Cape size market, but this has not been the case. In the eastern hemispheres the rates has kept somewhat stable with steady flow of Indonesian coal cargoes and requirements out of Richards Bay. However signs of reduced grain and coal trading into China makes the sentiment a bit uncertain going forward. This weeks hurricane Sandy hit the USEC and caused ports and terminals to shut down. The market effects of this remains to be seen. TA´s now paying in region of 4-5k daily while the Fhauls are being fixed at ard USD 14k. In the Pacific we see rounds being fixed at ard USD 7k" it said.
Finally, in the Handy/Supra markets, Fearnleys noted that "the Atlantic market remains quiet due to a lack of cargoes and an increased supply of ships. Rates from the Continent to east Med were around USD 11k and Black Sea to Feast about USD 10k. USG-Skaw-Passero rates are around USD 11k and rates for USG-Feast about USD 18k. The Pacific market remained stable with rates mostly unchanged. For Indo-India, large eco supra´s are being fixed at USD 11k for dely Singapore. Nopac also fixed bss APS at USD 7,000 + BB USD 300k. The Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates are at around USD 5,000 and ECI-China around USD 4000. RBCT rv fixed at APS USD 8,000 + BB USD 200k. Red Sea fertilisers to India are being fixed in the high teens. Not much activity seen on short period and rates are around USD 9,000 for a large supra" it concluded.
Meanwhile, in the newbuilding markets this week, shipbroker Intermodal noted that there is very slim activity, "with only focus being in the offshore and cruise ship sectors. Niche sectors continue and will likely continue to be the main focus for shipbuilders as the lack of interest for conventional ship types holds amongst buyers. The recent financial report published by Scorpio tankers for the 3rd Quarter of 2012 has probably helped push the idea of “eco” designs further, however it still is a difficult position for current owners to make partly due to the effects it may cause in the market, but more likely due to the potential benefit and return such an investment could generate in the long-term. This is the most significant point and is something that will be driven further as secondhand prices continue their drop and offer a considerable discount compared to the current newbuilding prices" Intermodal said.
Similarly, Fearnleys also reported little activity this week, with "only 3 VLCCs reported at GSI from Chinese compatriot DOSCO. Some yards are now turning down newbuilding business, claiming the market prices is at loss. This could mean we see a flat price regime until market picks up" it said.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Thursday, 22 November 12
HANDY: INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 12500 - FEARNRESEARCH
Handy
The north Continent is seeing plenty of tonnages but lack of cargoes. TA business are around 11k and fronthaul is around 17k.Tonnages has tig ...
Thursday, 22 November 12
DRY BULK MARKET RISE, BUT OUTLOOK SEEN DIM ON THE BACK OF RECORD NEW BUILDING DELIVERIES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been under hefty pressure since the start of the year, as a result of record newbuilding deliveries and below-par demand for ...
Wednesday, 21 November 12
LITTLE IMPACT FROM DISSOLUTION OF BP MIGAS ON INDONESIAN OIL & GAS COMPANIES - FITCH
Fitch Ratings has said that the recent court order to abolish the Indonesian upstream oil and gas regulator, BP Migas, has minimal immediate impact ...
Wednesday, 21 November 12
ORPHEUS ENERGY SECURES FIRST COAL OFF TAKE CONTRACT
COALspot.com - Orpheus Energy Limited (ASX:OEG) has announced that it has signed a coal sales contract with an Indonesian steel manufacturing compan ...
Tuesday, 20 November 12
AUSTRALIAN NEWCASTLE PORT HAS LOADED 13.18 PERCENT LESS COAL W-W
COALspot.com - Newcastle port in Australia has loaded 2,691,731 MT of thermal and coking coal for week ended 0700 hours 19 November 2012, Newc ...
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- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Bhatia International Limited - India
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Planning Commission, India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Parliament of New Zealand
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
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