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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, 13 September 12
FUEL EFFICIENT SHIPS MAY BE MORE EXPENSIVE, BUT THEY MAKE FINANCIAL SENSE SAYS ANALYSIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The latest trend in shipbuilding is the so called "Eco" ship, i.e. ships which offer much better fuel consumption and are more cost-effect ...
Wednesday, 12 September 12
INDIAS COALGATE: TIME FOR A ROOT CANAL
A recent report from India’s Comptroller and Auditor General (CAG) pertaining to the allocation of coal blocks has created a political storm i ...
Tuesday, 11 September 12
CLOUDY AND POLICY RISK INDONESIAN COAL INDUSTRY
COALspot.com - Bahana Securities in its latest coal outlook, commented on the Indonesian coal market, with economic slowdown in the four largest coa ...
Tuesday, 11 September 12
SHIP OWNERS KEEN ON SECOND HAND VESSEL PURCHASES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With most ship owners back from their summer rest, things are starting to pick up again in the second hand vessel market, with more and more deals b ...
Monday, 10 September 12
TNPL, AN INDIAN PAPER MAKER IS SEEKING FOR 300K MT OF IMPORTED NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint & Papers Ltd. , an Indian paper maker, is seeking 300,000 metric tons ± 5% (In 6 Shipments about 50,0 ...
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- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Central Java Power - Indonesia
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Deloitte Consulting - India
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
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