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Thursday, 08 November 12
DRY BULK MARKET RETREATS AGAIN ON HIGHER SHIP SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 In further evidence of a latest round of dry bulk shipping misery, the industry's benchmark fell for the 11th straight session yesterday, as the influx of new building vessels continues to plague the market. The BDI (Baltic Dry Index) was down by 31 points to 916 points, with the Capesize market facing the biggest losses. The relative Baltic Capesize Index (BCI) was down by 4 percent to 2,098 points, while the average daily earnings were downy by $876 to $13,545. Additionally, the Panamax market was also down by 1.34 percent to 737 points. Panamax average earnings was down by $76 to $5,904 daily. Average daily earnings for handysize and supramax ships were down to $6,089 and $6,761, respectively.
According to the latest weekly report from shipbroker Fearnleys, commenting on the Capesize market, "after a couple of weeks rally, rates have been dropping throughout this week. West Australia is presently at very low 9s, compared to close to 11 end of October. Fronthaul which was excess USD 24 at the same time is presently around USD 20 (for December dates), with a lack of fixtures being concluded and some prompt/unfixed ships outside Brazil. There is a good demand for period ships, but rates are generally too low to attract owners´ attention, as they keep the recent "mini-boom" fresh in mind" the shipbroker noted.
Meanwhile, in the Panamax market, "the trend from last week continued into this week with little transatlantic business entering the market and plenty of ships looking for same. Some grain cargos for end November/beginning December destined for China are still being quoted, but at lower volumes than expected. Fhauls are now paying around mid 13k for Cont delivery or USD 14k + USD 400k bss APS USG. In the eastern hemisphere we still see a fairly active market with Indonesian coal still being shipped. The latter is however under pressure mid-week with plenty of ships competing for the same cargos. Pacific rounds are now being paid around USD 7k. The period market is not too active at the moment but still some short period deals being done in the mid 7´s for 4/8 months" said Fearnleys. In a separate report, shipbroker Shiptrade & Services noted on the Supramax markets that "Supramax market is steadily losing its pace, with the BSI Index closing at 669, a 30-point decrease compared to last week. Trips from ECSA to Med/Cont pay around USD 8,5/9000 and in comparison to Week 44, the number of cargoes from ECSA to FEAST has been substantially decreased. Fronthauls from USG to FEast pay around mid teens, whereas for delivery BSea to FEast could see numbers starting from 5 digits. On the positive side, prompt tonnage supply at ECSA is relatively low and owners are optimistic that the rates will increase in the next weeks. In the pacific supramax market, the Indonesian coal to S.E Asia and India and has set the pace, as the demand for vessels ex NOPAC and N.China has been substantially decreased. NOPAC rounds were seen closing at aps USD 7000 + 300k ballast bonus. Large, eco Supras are being fixed at around USD 11000 basis delivery Singapore.
For another week, the Indian Iron ore market has been quiet too, with ECI-China rates at levels around USD 4000 and for WCI-China at USD 3000. Regarding fertilizers from Red Sea to India there has not been any substantial difference compared to Week 44, with cargoes being fixed at levels around USD high teens. Richards Bay coal terminal fixtures were closed at USD 8000 + 200K ballast bonus on an aps basis. Short period rates for large Supras are hovering around USD 9000 but with not much activity being seen" it said.
Finally, in the Handy markets, Fearnleys said that "the Atlantic market continues to remain weak with rates further softening on FH. Rates from USG to Feast were around USD 14k and Black Sea to Feast about USD 10k. USG-Skaw-Passero rates are around USD 9k. The Pacific market remained stable with rates mostly unchanged with fair amount of cargoes and tonnages. For Indo-India, large eco Supra now fixed at USD 11k for dely Singapore. Nopac also fixed bss APS at USD 7500 + BB USD 325k. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 4k and ECI-China around USD 3k. RBCT rv fixed at APS USD 8k + BB USD 200k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 9k for large Supra" Fearnleys concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 16 November 12
SHIP OWNERS KEEP ON INVESTING IN SECOND HAND VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Priced attractively, modern and with prompt delivery dates, second hand vessels are proving to be rather popular among cash-rich ship owners these d ...
Friday, 16 November 12
HANDY : IRON ORE WAS QUIET AND RATES FROM INDIA TO CHINA AROUND USD 5500
Handy
The Atlantic was weak with more supply of ships. Rates from Continent/ Feast at USD 9000 and from USG/China at USD 15k. The Pacific market re ...
Wednesday, 14 November 12
AUSTRALIAN NEWCASTLE PORT HAS LOADED 11.14 PERCENT MORE COAL W-W
COALspot.com - Newcastle port in Australia has loaded 3,100,686 MT of thermal and coking coal for week ended – 0700 hours 12 November 2012, Ne ...
Tuesday, 13 November 12
INITIAL COAL PRODUCTION AT KATINGAN RIA ON TRACK FOR 2013 FOLLOWING GRANTING OF 'IN PRINCIPLE' FORESTRY PERMIT, INDONESIA
Realm Resources Ltd (“Realm” or the “Company” - ASX: RRP) has announced that its application to upgrade its exploration fore ...
Tuesday, 13 November 12
BULK PORTS & TECHNOLOGY ASIA 2013
Press Release - TOC Events are pleased to announce a new addition to our global portfolio with the launch of the inaugural Bulk Ports & Technolo ...
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- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- PTC India Limited - India
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
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