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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, 11 October 12
SINGAPORE BASED COAL SOURCE AND SHIPPING BAGS 300K MT IMPORTED COAL SUPPLY CONTRACT FROM TNPL
COALspot.com - India-based paper manufacturer Tamil Nadu Newsprint and Papers Limited has awarded a tender for 300,000 mt of imported steam co ...
Thursday, 11 October 12
PANAMAX : SINCE LAST WEEK RATES HAS FIRMED FOR ALL TRADES - FEARNLEYS AS
Handy
The Atlantic market remains quiet due to lack of cargoes and more supply of ships. Rates from Continent to East Med were around USD 14k and B ...
Thursday, 11 October 12
DRY BULK MARKET STEADY AFTER CHINESE HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market hasn't yet staged a solid rebound after last week's holidays in China, as many would have expected. Indeed, many analysts were ...
Wednesday, 10 October 12
NEW BUILDING MARKET ON A QUIET WEEK, DUE TO ASIAN HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The newbuilding ordering activity has been more than quite during the course of the past week, as a result of holidays in both Korea and China. Acco ...
Wednesday, 10 October 12
TAPPING OPPORTUNITIES WITHIN GLOBAL ECONOMIC PERSPECTIVE
Press Release: Mining sector will continue to play a significant role in supporting industrial and economic development in Indonesia which is curren ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- The University of Queensland
- PTC India Limited - India
- VISA Power Limited - India
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- MS Steel International - UAE
- Goldman Sachs - Singapore
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