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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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Sunday, 23 September 12
INDIA IMPORTED 11.40 PERCENT MORE INDONESIAN COAL IN AUGUST
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 26,451,565* tons of coal in August 2012, compared to 27.88* mill ...
Saturday, 22 September 12
SOFT BUNKER PRICES KEEP INDONESIA TO INDIA FREIGHTS STABLE - VISTAAR
COALspot.com - The freight market overall remained buoyant with all indices up except for Panamax index. The main effect seems to be increased shipm ...
Friday, 21 September 12
SHIP BREAKING ACTIVITY REACHES NEW RECORDS, AS ALREADY 2012 LEVELS HAVE SURPASSED THE WHOLE OF 2011 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The vast oversupply of vessels, most notably in the dry bulk shipping sector, has forced ship owners to intensify their efforts towards recycling th ...
Thursday, 20 September 12
SUPRAMAX : INDO-INDIA ROUNDS WERE AROUND USD 12K - FEARNLEYS
Handy
Not a bad week for Supramax tonnage, if we compare Supramax developments to the bigger size tonnage. The rates have basically remained unchan ...
Thursday, 20 September 12
DRY BULK INCHES FORWARD AFTER WEEKS OF BELOW PAR PERFORMANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has started to revive from its ashed, as the past couple of days, traders have reported an increased activity from China, result ...
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- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- The University of Queensland
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Australian Coal Association
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
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