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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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Monday, 15 October 12
IT'S STRICTLY COME CHARTERING - CLARKSON RESEARCH SERVICES
The charter market is a bit of a dance between ship owner and charterer: one leader, one follower; one step, two steps, turn... The dance is symbiot ...
Sunday, 14 October 12
SUB-BIT INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS: SOFT
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery lost 0.329 percent w- w but gained 0.248 percent d-d on Friday, 12 Oct ...
Sunday, 14 October 12
SUPRAMAX FREIGHT STEADY: PANAMAX FREIGHTS FIRM - VISTAAR
COALspot.com - The shipping market saw some hectic activity in the Cape and panamax sector and quite a lot of fixtures reported.
The BDI was up b ...
Friday, 12 October 12
HOW REAL IS THE THREAT OF PIRACY? - BIMCO
The threat of modern piracy remains serious, regardless of its seasonal variations and the fact that it is chiefly confined to the Indian Ocean, Gul ...
Friday, 12 October 12
INVESTMENT OPPORTUNITIES OCCUR IN THE SECOND HAND VESSEL MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although 2012 has by now evolved into one of the most challenging years for global shipping industry, ship owners are scouting the second hand ship ...
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- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Australian Coal Association
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- The University of Queensland
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
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